USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Jan 7, 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 $43,500,000 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, Jan 7, 2012
Jackpot:$43,500,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$775,609$245,163$45,761$484,685
2$806,634$256,642$47,591$502,400
3$838,899$268,580$49,495$520,824
4$872,455$280,996$51,475$539,984
5$907,353$293,908$53,534$559,911
6$943,647$307,337$55,675$580,635
7$981,393$321,303$57,902$602,188
8$1,020,649$335,828$60,218$624,603
9$1,061,475$350,933$62,627$647,914
10$1,103,934$366,643$65,132$672,159
11$1,148,091$382,982$67,737$697,372
12$1,194,015$399,973$70,447$723,595
13$1,241,775$417,645$73,265$750,866
14$1,291,447$436,023$76,195$779,228
15$1,343,104$455,136$79,243$808,725
16$1,396,829$475,014$82,413$839,401
17$1,452,702$495,687$85,709$871,305
18$1,510,810$517,187$89,138$904,485
19$1,571,242$539,547$92,703$938,992
20$1,634,092$562,802$96,411$974,879
21$1,699,456$586,986$100,268$1,012,201
22$1,767,434$612,138$104,279$1,051,017
23$1,838,131$638,296$108,450$1,091,385
24$1,911,656$665,501$112,788$1,133,368
25$1,988,123$693,793$117,299$1,177,030
26$2,067,647$723,217$121,991$1,222,439
27$2,150,353$753,819$126,871$1,269,664
28$2,236,368$785,644$131,946$1,318,778
29$2,325,822$818,742$137,224$1,369,857
30$2,418,855$853,164$142,712$1,422,979
Total$43,500,000$14,840,629$2,566,499$26,092,869

◄ 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.