USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for May 25, 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 $144,200,000 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:Wed, May 25, 2011
Jackpot:$144,200,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,571,100$909,495$151,695$1,509,911
2$2,673,944$947,547$157,763$1,568,634
3$2,780,902$987,122$164,073$1,629,707
4$2,892,138$1,028,279$170,636$1,693,223
5$3,007,824$1,071,083$177,462$1,759,280
6$3,128,137$1,115,598$184,560$1,827,978
7$3,253,262$1,161,895$191,942$1,899,425
8$3,383,393$1,210,043$199,620$1,973,729
9$3,518,728$1,260,117$207,605$2,051,006
10$3,659,477$1,312,194$215,909$2,131,374
11$3,805,857$1,366,355$224,546$2,214,956
12$3,958,091$1,422,681$233,527$2,301,882
13$4,116,414$1,481,261$242,868$2,392,285
14$4,281,071$1,542,184$252,583$2,486,304
15$4,452,314$1,605,544$262,687$2,584,083
16$4,630,406$1,671,438$273,194$2,685,774
17$4,815,623$1,739,968$284,122$2,791,533
18$5,008,248$1,811,239$295,487$2,901,522
19$5,208,577$1,885,361$307,306$3,015,910
20$5,416,921$1,962,448$319,598$3,134,874
21$5,633,597$2,042,619$332,382$3,258,596
22$5,858,941$2,125,996$345,678$3,387,268
23$6,093,299$2,212,708$359,505$3,521,086
24$6,337,031$2,302,889$373,885$3,660,257
25$6,590,512$2,396,677$388,840$3,804,995
26$6,854,133$2,494,217$404,394$3,955,522
27$7,128,298$2,595,658$420,570$4,112,070
28$7,413,430$2,701,157$437,392$4,274,881
29$7,709,967$2,810,876$454,888$4,444,203
30$8,018,366$2,924,983$473,084$4,620,299
Total$144,200,000$52,099,632$8,507,801$83,592,567

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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.