USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

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The tax information provided here is based on 2022 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: 6.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,148,460$216,275$1,839,334
2$3,332,232$1,195,881$224,926$1,911,425
3$3,465,521$1,245,198$233,923$1,986,400
4$3,604,142$1,296,487$243,280$2,064,375
5$3,748,307$1,349,829$253,011$2,145,468
6$3,898,240$1,405,304$263,131$2,229,805
7$4,054,169$1,462,998$273,656$2,317,515
8$4,216,336$1,522,999$284,603$2,408,734
9$4,384,989$1,585,401$295,987$2,503,602
10$4,560,389$1,650,299$307,826$2,602,264
11$4,742,805$1,717,793$320,139$2,704,873
12$4,932,517$1,787,986$332,945$2,811,586
13$5,129,817$1,860,987$346,263$2,922,567
14$5,335,010$1,936,909$360,113$3,037,988
15$5,548,411$2,015,867$374,518$3,158,026
16$5,770,347$2,097,983$389,498$3,282,865
17$6,001,161$2,183,384$405,078$3,412,698
18$6,241,207$2,272,202$421,281$3,547,724
19$6,490,856$2,364,572$438,133$3,688,151
20$6,750,490$2,460,636$455,658$3,834,195
21$7,020,509$2,560,543$473,884$3,986,081
22$7,301,330$2,664,447$492,840$4,144,043
23$7,593,383$2,772,507$512,553$4,308,323
24$7,897,118$2,884,889$533,055$4,479,174
25$8,213,003$3,001,766$554,378$4,656,859
26$8,541,523$3,123,319$576,553$4,841,652
27$8,883,184$3,249,733$599,615$5,033,836
28$9,238,511$3,381,204$623,600$5,233,708
29$9,608,052$3,517,934$648,543$5,441,574
30$9,992,374$3,660,133$674,485$5,657,755
Total$179,700,000$65,377,650$12,129,750$102,192,600

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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.