USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Oct 19, 2011

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $125,800,000 for a ticket purchased in Montana, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Montana

Drawing Date:Wed, Oct 19, 2011
Jackpot:$125,800,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,243,026$788,108$132,339$1,322,580
2$2,332,748$821,304$137,632$1,373,811
3$2,426,057$855,829$143,137$1,427,091
4$2,523,100$891,735$148,863$1,482,502
5$2,624,024$929,077$154,817$1,540,130
6$2,728,985$967,912$161,010$1,600,062
7$2,838,144$1,008,301$167,450$1,662,393
8$2,951,670$1,050,306$174,149$1,727,216
9$3,069,737$1,093,990$181,114$1,794,632
10$3,192,526$1,139,422$188,359$1,864,745
11$3,320,227$1,186,672$195,893$1,937,662
12$3,453,036$1,235,811$203,729$2,013,496
13$3,591,158$1,286,916$211,878$2,092,363
14$3,734,804$1,340,065$220,353$2,174,385
15$3,884,196$1,395,340$229,168$2,259,688
16$4,039,564$1,452,826$238,334$2,348,403
17$4,201,147$1,512,612$247,868$2,440,667
18$4,369,192$1,574,789$257,782$2,536,621
19$4,543,960$1,639,453$268,094$2,636,413
20$4,725,718$1,706,704$278,817$2,740,197
21$4,914,747$1,776,644$289,970$2,848,133
22$5,111,337$1,849,382$301,569$2,960,386
23$5,315,791$1,925,030$313,632$3,077,129
24$5,528,422$2,003,704$326,177$3,198,541
25$5,749,559$2,085,525$339,224$3,324,810
26$5,979,541$2,170,618$352,793$3,456,130
27$6,218,723$2,259,115$366,905$3,592,703
28$6,467,472$2,351,152$381,581$3,734,739
29$6,726,171$2,446,871$396,844$3,882,456
30$6,995,218$2,546,418$412,718$4,036,082
Total$125,800,000$45,291,631$7,422,199$73,086,166

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.