USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Jan 11, 2012

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $54,400,000 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, Jan 11, 2012
Jackpot:$54,400,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$969,957$317,072$57,227$595,658
2$1,008,756$331,427$59,517$617,812
3$1,049,106$346,357$61,897$640,852
4$1,091,070$361,884$64,373$664,813
5$1,134,713$378,032$66,948$689,733
6$1,180,101$394,825$69,626$715,650
7$1,227,306$412,291$72,411$742,604
8$1,276,398$430,455$75,307$770,635
9$1,327,454$449,346$78,320$799,788
10$1,380,552$468,992$81,453$830,107
11$1,435,774$489,424$84,711$861,639
12$1,493,205$510,674$88,099$894,432
13$1,552,933$532,773$91,623$928,537
14$1,615,050$555,756$95,288$964,006
15$1,679,652$579,659$99,099$1,000,894
16$1,746,838$604,518$103,063$1,039,257
17$1,816,712$630,371$107,186$1,079,155
18$1,889,380$657,259$111,473$1,120,649
19$1,964,956$685,221$115,932$1,163,802
20$2,043,554$714,303$120,570$1,208,682
21$2,125,296$744,547$125,392$1,255,356
22$2,210,308$776,002$130,408$1,303,898
23$2,298,720$808,714$135,624$1,354,382
24$2,390,669$842,735$141,049$1,406,884
25$2,486,296$878,117$146,691$1,461,487
26$2,585,748$914,914$152,559$1,518,274
27$2,689,178$953,183$158,661$1,577,333
28$2,796,745$992,983$165,008$1,638,753
29$2,908,614$1,034,375$171,608$1,702,631
30$3,024,959$1,077,423$178,473$1,769,064
Total$54,400,000$18,873,632$3,209,596$32,316,767

◄ Back to Jackpot Analysis

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.