USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Aug 24, 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 $47,900,000 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, Aug 24, 2011
Jackpot:$47,900,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$854,062$274,191$50,390$529,482
2$888,224$286,831$52,405$548,988
3$923,753$299,976$54,501$569,275
4$960,703$313,648$56,681$590,374
5$999,131$327,866$58,949$612,316
6$1,039,097$342,654$61,307$635,136
7$1,080,661$358,032$63,759$658,869
8$1,123,887$374,026$66,309$683,552
9$1,168,842$390,659$68,962$709,221
10$1,215,596$407,958$71,720$735,918
11$1,264,220$425,949$74,589$763,682
12$1,314,789$444,660$77,573$792,557
13$1,367,380$464,118$80,675$822,586
14$1,422,076$484,356$83,902$853,817
15$1,478,959$505,402$87,259$886,298
16$1,538,117$527,291$90,749$920,077
17$1,599,642$550,055$94,379$955,208
18$1,663,627$573,730$98,154$991,743
19$1,730,172$598,352$102,080$1,029,741
20$1,799,379$623,958$106,163$1,069,258
21$1,871,354$650,589$110,410$1,110,356
22$1,946,209$678,285$114,826$1,153,097
23$2,024,057$707,089$119,419$1,197,549
24$2,105,019$737,045$124,196$1,243,778
25$2,189,220$768,199$129,164$1,291,857
26$2,276,789$800,600$134,331$1,341,859
27$2,367,860$834,296$139,704$1,393,861
28$2,462,575$869,340$145,292$1,447,942
29$2,561,078$905,787$151,104$1,504,188
30$2,663,521$943,690$157,148$1,562,683
Total$47,900,000$16,468,632$2,826,100$28,605,268

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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.