USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Dec 21, 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 $105,600,000 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 21, 2011
Jackpot:$105,600,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,882,858$654,845$111,089$1,116,924
2$1,958,173$682,712$115,532$1,159,929
3$2,036,500$711,693$120,153$1,204,654
4$2,117,960$741,833$124,960$1,251,167
5$2,202,678$773,179$129,958$1,299,541
6$2,290,785$805,778$135,156$1,349,851
7$2,382,417$839,682$140,563$1,402,172
8$2,477,713$874,942$146,185$1,456,587
9$2,576,822$911,612$152,032$1,513,178
10$2,679,895$949,749$158,114$1,572,032
11$2,787,090$989,411$164,438$1,633,241
12$2,898,574$1,030,660$171,016$1,696,898
13$3,014,517$1,073,559$177,857$1,763,101
14$3,135,098$1,118,174$184,971$1,831,953
15$3,260,502$1,164,573$192,370$1,903,559
16$3,390,922$1,212,829$200,064$1,978,029
17$3,526,559$1,263,014$208,067$2,055,477
18$3,667,621$1,315,207$216,390$2,136,024
19$3,814,326$1,369,488$225,045$2,219,792
20$3,966,899$1,425,940$234,047$2,306,911
21$4,125,575$1,484,650$243,409$2,397,515
22$4,290,598$1,545,709$253,145$2,491,744
23$4,462,222$1,609,210$263,271$2,589,741
24$4,640,711$1,675,251$273,802$2,691,658
25$4,826,339$1,743,933$284,754$2,797,652
26$5,019,393$1,815,363$296,144$2,907,885
27$5,220,168$1,889,650$307,990$3,022,528
28$5,428,975$1,966,908$320,310$3,141,757
29$5,646,134$2,047,257$333,122$3,265,755
30$5,871,979$2,130,820$346,447$3,394,712
Total$105,600,000$37,817,631$6,230,401$61,551,967

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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.