USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Dec 10, 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 $65,500,000 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, Dec 10, 2011
Jackpot:$65,500,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,167,871$390,300$68,904$708,667
2$1,214,586$407,585$71,661$735,341
3$1,263,170$425,561$74,527$763,082
4$1,313,697$444,255$77,508$791,933
5$1,366,244$463,698$80,608$821,938
6$1,420,894$483,919$83,833$853,143
7$1,477,730$504,948$87,186$885,596
8$1,536,839$526,818$90,674$919,347
9$1,598,313$549,563$94,300$954,449
10$1,662,245$573,219$98,072$990,954
11$1,728,735$597,820$101,995$1,028,920
12$1,797,885$623,405$106,075$1,068,404
13$1,869,800$650,014$110,318$1,109,468
14$1,944,592$677,687$114,731$1,152,174
15$2,022,376$706,467$119,320$1,196,589
16$2,103,271$736,398$124,093$1,242,780
17$2,187,401$767,526$129,057$1,290,818
18$2,274,897$799,900$134,219$1,340,779
19$2,365,893$833,568$139,588$1,392,737
20$2,460,529$868,584$145,171$1,446,774
21$2,558,950$904,999$150,978$1,502,973
22$2,661,308$942,872$157,017$1,561,419
23$2,767,761$982,259$163,298$1,622,204
24$2,878,471$1,023,222$169,830$1,685,419
25$2,993,610$1,065,823$176,623$1,751,163
26$3,113,354$1,110,129$183,688$1,819,538
27$3,237,888$1,156,206$191,035$1,890,647
28$3,367,404$1,204,127$198,677$1,964,600
29$3,502,100$1,253,965$206,624$2,041,511
30$3,642,184$1,305,796$214,889$2,121,499
Total$65,500,000$22,980,633$3,864,499$38,654,866

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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.