USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Oct 5, 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 $60,200,000 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:Wed, Oct 5, 2011
Jackpot:$60,200,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,073,372$355,335$63,329$654,708
2$1,116,307$371,221$65,862$679,223
3$1,160,959$387,743$68,497$704,720
4$1,207,397$404,925$71,236$731,236
5$1,255,693$422,794$74,086$758,813
6$1,305,921$441,379$77,049$787,493
7$1,358,158$460,706$80,131$817,320
8$1,412,484$480,807$83,337$848,341
9$1,468,984$501,712$86,670$880,602
10$1,527,743$523,453$90,137$914,154
11$1,588,853$546,063$93,742$949,047
12$1,652,407$569,578$97,492$985,337
13$1,718,503$594,034$101,392$1,023,078
14$1,787,243$619,468$105,447$1,062,328
15$1,858,733$645,919$109,665$1,103,149
16$1,933,082$673,428$114,052$1,145,602
17$2,010,406$702,038$118,614$1,189,754
18$2,090,822$731,792$123,358$1,235,671
19$2,174,455$762,736$128,293$1,283,426
20$2,261,433$794,918$133,425$1,333,090
21$2,351,890$828,387$138,762$1,384,742
22$2,445,966$863,195$144,312$1,438,459
23$2,543,804$899,395$150,084$1,494,325
24$2,645,557$937,044$156,088$1,552,425
25$2,751,379$976,198$162,331$1,612,850
26$2,861,434$1,016,918$168,825$1,675,691
27$2,975,891$1,059,268$175,578$1,741,046
28$3,094,927$1,103,311$182,601$1,809,016
29$3,218,724$1,149,116$189,905$1,879,704
30$3,347,473$1,196,753$197,501$1,953,219
Total$60,200,000$21,019,634$3,551,801$35,628,569

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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.