USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Dec 14, 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 $77,700,000 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, Dec 14, 2011
Jackpot:$77,700,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,385,399$470,785$81,739$832,875
2$1,440,815$491,289$85,008$864,517
3$1,498,447$512,613$88,408$897,426
4$1,558,385$534,790$91,945$931,650
5$1,620,721$557,854$95,623$967,244
6$1,685,549$581,841$99,447$1,004,261
7$1,752,971$606,787$103,425$1,042,759
8$1,823,090$632,731$107,562$1,082,797
9$1,896,014$659,713$111,865$1,124,436
10$1,971,854$687,774$116,339$1,167,741
11$2,050,729$716,957$120,993$1,212,778
12$2,132,758$747,308$125,833$1,259,617
13$2,218,068$778,873$130,866$1,308,329
14$2,306,791$811,700$136,101$1,358,990
15$2,399,062$845,841$141,545$1,411,677
16$2,495,025$881,347$147,206$1,466,471
17$2,594,826$918,273$153,095$1,523,458
18$2,698,619$956,677$159,219$1,582,724
19$2,806,564$996,616$165,587$1,644,360
20$2,918,826$1,038,153$172,211$1,708,462
21$3,035,579$1,081,352$179,099$1,775,128
22$3,157,002$1,126,279$186,263$1,844,461
23$3,283,282$1,173,002$193,714$1,916,567
24$3,414,614$1,221,595$201,462$1,991,557
25$3,551,198$1,272,131$209,521$2,069,546
26$3,693,246$1,324,689$217,902$2,150,656
27$3,840,976$1,379,349$226,618$2,235,010
28$3,994,615$1,436,195$235,682$2,322,737
29$4,154,400$1,495,316$245,110$2,413,974
30$4,320,576$1,556,801$254,914$2,508,861
Total$77,700,000$27,494,631$4,584,302$45,621,069

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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.