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Montana Powerball Jackpot Annuity Payout Schedule for Oct 1, 2022

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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 $325,400,000 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, Oct 1, 2022
Jackpot:$325,400,000
Federal Tax:37% marginal rate
State Tax: 6.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,897,737$1,775,118$330,597$2,792,022
2$5,142,624$1,865,726$347,127$2,929,771
3$5,399,755$1,960,864$364,483$3,074,407
4$5,669,743$2,060,760$382,708$3,226,275
5$5,953,230$2,165,650$401,843$3,385,737
6$6,250,891$2,275,785$421,935$3,553,171
7$6,563,436$2,391,426$443,032$3,728,978
8$6,891,608$2,512,850$465,184$3,913,574
9$7,236,188$2,640,345$488,443$4,107,401
10$7,597,998$2,774,214$512,865$4,310,919
11$7,977,898$2,914,777$538,508$4,524,612
12$8,376,792$3,062,368$565,433$4,748,991
13$8,795,632$3,217,339$593,705$4,984,588
14$9,235,414$3,380,058$623,390$5,231,965
15$9,697,184$3,550,913$654,560$5,491,711
16$10,182,044$3,730,311$687,288$5,764,445
17$10,691,146$3,918,679$721,652$6,050,814
18$11,225,703$4,116,465$757,735$6,351,503
19$11,786,988$4,324,141$795,622$6,667,226
20$12,376,337$4,542,200$835,403$6,998,735
21$12,995,154$4,771,162$877,173$7,346,819
22$13,644,912$5,011,572$921,032$7,712,308
23$14,327,158$5,264,003$967,083$8,096,071
24$15,043,515$5,529,056$1,015,437$8,499,022
25$15,795,691$5,807,361$1,066,209$8,922,121
26$16,585,476$6,099,581$1,119,520$9,366,375
27$17,414,750$6,406,412$1,175,496$9,832,842
28$18,285,487$6,728,585$1,234,270$10,322,631
29$19,199,761$7,066,867$1,295,984$10,836,911
30$20,159,750$7,422,062$1,360,783$11,376,904
Total$325,400,001$119,286,650$21,964,500$184,148,849

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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.