USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Apr 30, 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 $25,000,000 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, Apr 30, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$126,388$26,299$293,065
2$463,583$132,629$27,351$303,603
3$482,126$139,119$28,445$314,562
4$501,411$145,869$29,583$325,959
5$521,467$152,888$30,767$337,812
6$542,326$160,189$31,997$350,140
7$564,019$167,781$33,277$362,961
8$586,580$175,678$34,608$376,294
9$610,043$183,904$35,993$390,147
10$634,445$192,932$37,432$404,080
11$659,823$202,322$38,930$418,571
12$686,215$212,087$40,487$433,641
13$713,664$222,243$42,106$449,314
14$742,211$232,806$43,790$465,615
15$771,899$243,790$45,542$482,567
16$802,775$255,215$47,364$500,197
17$834,886$267,096$49,258$518,532
18$868,281$279,452$51,229$537,601
19$903,013$292,302$53,278$557,433
20$939,133$305,667$55,409$578,057
21$976,699$319,566$57,625$599,507
22$1,015,767$334,021$59,930$621,815
23$1,056,397$349,055$62,327$645,015
24$1,098,653$364,689$64,821$669,143
25$1,142,599$380,949$67,413$694,236
26$1,188,303$397,860$70,110$720,333
27$1,235,835$415,447$72,914$747,474
28$1,285,269$433,737$75,831$775,701
29$1,336,679$452,759$78,864$805,056
30$1,390,147$472,542$82,019$835,586
Total$25,000,000$8,010,982$1,474,999$15,514,017

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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.