USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

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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 $179,700,000 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, Jun 6, 2012
Jackpot:$179,700,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,143,693$189,040$1,871,336
2$3,332,232$1,191,113$196,602$1,944,516
3$3,465,521$1,240,430$204,466$2,020,625
4$3,604,142$1,291,720$212,644$2,099,777
5$3,748,307$1,345,061$221,150$2,182,096
6$3,898,240$1,400,536$229,996$2,267,707
7$4,054,169$1,458,230$239,196$2,356,743
8$4,216,336$1,518,232$248,764$2,449,340
9$4,384,989$1,580,634$258,714$2,545,641
10$4,560,389$1,645,532$269,063$2,645,794
11$4,742,805$1,713,025$279,825$2,749,954
12$4,932,517$1,783,219$291,018$2,858,279
13$5,129,817$1,856,220$302,659$2,970,938
14$5,335,010$1,932,141$314,766$3,088,103
15$5,548,411$2,011,100$327,356$3,209,955
16$5,770,347$2,093,216$340,450$3,336,680
17$6,001,161$2,178,617$354,068$3,468,475
18$6,241,207$2,267,434$368,231$3,605,542
19$6,490,856$2,359,804$382,960$3,748,091
20$6,750,490$2,455,869$398,279$3,896,342
21$7,020,509$2,555,776$414,210$4,050,523
22$7,301,330$2,659,680$430,778$4,210,872
23$7,593,383$2,767,739$448,010$4,377,634
24$7,897,118$2,880,121$465,930$4,551,067
25$8,213,003$2,996,999$484,567$4,731,437
26$8,541,523$3,118,551$503,950$4,919,022
27$8,883,184$3,244,966$524,108$5,114,110
28$9,238,511$3,376,437$545,072$5,317,002
29$9,608,052$3,513,167$566,875$5,528,010
30$9,992,374$3,655,366$589,550$5,747,458
Total$179,700,000$65,234,628$10,602,297$103,863,069

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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.