USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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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 $447,800,000 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, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,452,000$397,662$3,890,371
2$7,077,034$2,576,690$417,545$4,082,799
3$7,430,886$2,707,616$438,422$4,284,848
4$7,802,430$2,845,087$460,343$4,497,000
5$8,192,552$2,989,432$483,361$4,719,759
6$8,602,179$3,140,994$507,529$4,953,657
7$9,032,289$3,300,135$532,905$5,199,249
8$9,483,903$3,467,232$559,550$5,457,121
9$9,958,098$3,642,684$587,528$5,727,886
10$10,456,003$3,826,909$616,904$6,012,190
11$10,978,803$4,020,345$647,749$6,310,709
12$11,527,743$4,223,453$680,137$6,624,154
13$12,104,130$4,436,716$714,144$6,953,271
14$12,709,337$4,660,642$749,851$7,298,844
15$13,344,804$4,895,765$787,343$7,661,695
16$14,012,044$5,142,644$826,711$8,042,689
17$14,712,646$5,401,867$868,046$8,442,733
18$15,448,278$5,674,051$911,448$8,862,779
19$16,220,692$5,959,844$957,021$9,303,827
20$17,031,727$6,259,927$1,004,872$9,766,928
21$17,883,313$6,575,014$1,055,115$10,253,184
22$18,777,479$6,905,855$1,107,871$10,763,753
23$19,716,353$7,253,238$1,163,265$11,299,850
24$20,702,170$7,617,991$1,221,428$11,862,751
25$21,737,279$8,000,981$1,282,499$12,453,798
26$22,824,143$8,403,121$1,346,624$13,074,398
27$23,965,350$8,825,367$1,413,956$13,726,027
28$25,163,617$9,268,726$1,484,653$14,410,238
29$26,421,798$9,734,253$1,558,886$15,128,659
30$27,742,888$10,223,056$1,636,830$15,883,002
Total$447,800,001$164,431,635$26,420,198$256,948,169

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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.