USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Oct 29, 2011

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The tax information provided here is based on 2025 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 $209,200,000 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:Sat, Oct 29, 2011
Jackpot:$209,200,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,730,057$1,337,141$220,073$2,172,842
2$3,879,259$1,392,346$228,876$2,258,037
3$4,034,429$1,449,759$238,031$2,346,639
4$4,195,807$1,509,469$247,553$2,438,785
5$4,363,639$1,571,567$257,455$2,534,618
6$4,538,184$1,636,148$267,753$2,634,283
7$4,719,712$1,703,314$278,463$2,737,935
8$4,908,500$1,773,165$289,602$2,845,733
9$5,104,840$1,845,811$301,186$2,957,844
10$5,309,034$1,921,363$313,233$3,074,438
11$5,521,395$1,999,936$325,762$3,195,696
12$5,742,251$2,081,653$338,793$3,321,805
13$5,971,941$2,166,638$352,345$3,452,958
14$6,210,819$2,255,023$366,438$3,589,357
15$6,459,251$2,346,943$381,096$3,731,212
16$6,717,621$2,442,540$396,340$3,878,742
17$6,986,326$2,541,961$412,193$4,032,172
18$7,265,779$2,645,359$428,681$4,191,740
19$7,556,411$2,752,892$445,828$4,357,690
20$7,858,667$2,864,727$463,661$4,530,279
21$8,173,014$2,981,035$482,208$4,709,771
22$8,499,934$3,101,996$501,496$4,896,442
23$8,839,932$3,227,795$521,556$5,090,581
24$9,193,529$3,358,626$542,418$5,292,485
25$9,561,270$3,494,690$564,115$5,502,465
26$9,943,721$3,636,197$586,680$5,720,844
27$10,341,470$3,783,364$610,147$5,947,959
28$10,755,128$3,936,418$634,553$6,184,158
29$11,185,334$4,095,594$659,935$6,429,805
30$11,632,747$4,261,137$686,332$6,685,278
Total$209,200,000$76,114,607$12,342,802$120,742,593

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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.