USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Nov 7, 2020

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The tax information provided here is based on 2021 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 $146,600,000 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 prize money, as well as deductions claimed.

State:

Montana

Drawing Date:Sat, Nov 7, 2020
Jackpot:$146,600,000
Federal Tax:37% marginal rate
State Tax: 6.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,206,540$780,492$152,251$1,273,797
2$2,316,867$821,313$159,864$1,335,690
3$2,432,711$864,175$167,857$1,400,678
4$2,554,346$909,180$176,250$1,468,916
5$2,682,064$956,436$185,062$1,540,565
6$2,816,167$1,006,054$194,316$1,615,797
7$2,956,975$1,058,153$204,031$1,694,791
8$3,104,824$1,112,857$214,233$1,777,734
9$3,260,065$1,170,296$224,944$1,864,824
10$3,423,068$1,230,608$236,192$1,956,269
11$3,594,222$1,293,934$248,001$2,052,286
12$3,773,933$1,360,427$260,401$2,153,104
13$3,962,630$1,430,245$273,421$2,258,963
14$4,160,761$1,503,554$287,093$2,370,115
15$4,368,799$1,580,528$301,447$2,486,824
16$4,587,239$1,661,351$316,519$2,609,369
17$4,816,601$1,746,215$332,345$2,738,041
18$5,057,431$1,835,322$348,963$2,873,147
19$5,310,303$1,928,884$366,411$3,015,007
20$5,575,818$2,027,125$384,731$3,163,961
21$5,854,609$2,130,277$403,968$3,320,363
22$6,147,339$2,238,588$424,166$3,484,585
23$6,454,706$2,352,313$445,375$3,657,018
24$6,777,441$2,471,725$467,643$3,838,072
25$7,116,313$2,597,108$491,026$4,028,179
26$7,472,129$2,728,760$515,577$4,227,792
27$7,845,735$2,866,994$541,356$4,437,385
28$8,238,022$3,012,140$568,424$4,657,458
29$8,649,923$3,164,544$596,845$4,888,535
30$9,082,419$3,324,567$626,687$5,131,165
Total$146,600,000$53,164,165$10,115,399$83,320,430

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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.