USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Dec 3, 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 $42,200,000 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, Dec 3, 2011
Jackpot:$42,200,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$752,430$236,587$44,393$471,450
2$782,527$247,723$46,169$488,635
3$813,828$259,304$48,016$506,508
4$846,382$271,349$49,937$525,096
5$880,237$283,875$51,934$544,428
6$915,446$296,903$54,011$564,532
7$952,064$310,452$56,172$585,441
8$990,147$324,542$58,419$607,186
9$1,029,753$339,196$60,755$629,801
10$1,070,943$354,437$63,186$653,321
11$1,113,780$370,287$65,713$677,781
12$1,158,332$386,770$68,342$703,220
13$1,204,665$403,914$71,075$729,676
14$1,252,852$421,743$73,918$757,190
15$1,302,966$440,285$76,875$785,806
16$1,355,084$459,569$79,950$815,565
17$1,409,288$479,624$83,148$846,515
18$1,465,659$500,482$86,474$878,704
19$1,524,285$522,173$89,933$912,179
20$1,585,257$544,733$93,530$946,994
21$1,648,667$568,195$97,271$983,201
22$1,714,614$592,595$101,162$1,020,857
23$1,783,198$617,971$105,209$1,060,019
24$1,854,526$644,363$109,417$1,100,747
25$1,928,707$671,809$113,794$1,143,104
26$2,005,856$700,354$118,345$1,187,156
27$2,086,090$730,041$123,079$1,232,970
28$2,169,534$760,915$128,002$1,280,616
29$2,256,315$793,024$133,123$1,330,168
30$2,346,567$826,418$138,447$1,381,702
Total$42,200,000$14,359,633$2,489,799$25,350,568

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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.