USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Oct 4, 2014

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The tax information provided here is based on 2025 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 $60,000,000 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, Oct 4, 2014
Jackpot:$60,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,069,806$352,848$63,119$653,839
2$1,112,598$368,682$65,643$678,273
3$1,157,102$385,148$68,269$703,685
4$1,203,386$402,273$71,000$730,113
5$1,251,522$420,083$73,840$757,599
6$1,301,583$438,606$76,793$786,183
7$1,353,646$457,869$79,865$815,912
8$1,407,792$477,903$83,060$846,829
9$1,464,103$498,738$86,382$878,983
10$1,522,667$520,407$89,837$912,423
11$1,583,574$542,943$93,431$947,201
12$1,646,917$566,380$97,168$983,369
13$1,712,794$590,754$101,055$1,020,985
14$1,781,306$616,103$105,097$1,060,105
15$1,852,558$642,467$109,301$1,100,790
16$1,926,660$669,884$113,673$1,143,103
17$2,003,726$698,399$118,220$1,187,108
18$2,083,876$728,054$122,949$1,232,873
19$2,167,231$758,896$127,867$1,280,468
20$2,253,920$790,971$132,981$1,329,968
21$2,344,077$824,329$138,301$1,381,447
22$2,437,840$859,021$143,833$1,434,986
23$2,535,353$895,101$149,586$1,490,666
24$2,636,767$932,624$155,569$1,548,574
25$2,742,238$971,648$161,792$1,608,798
26$2,851,928$1,012,233$168,264$1,671,430
27$2,966,005$1,054,442$174,994$1,736,568
28$3,084,645$1,098,339$181,994$1,804,312
29$3,208,031$1,143,992$189,274$1,874,765
30$3,336,352$1,191,470$196,845$1,948,037
Total$60,000,000$20,910,607$3,540,002$35,549,392

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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.