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Montana Powerball Jackpot Annuity Payout Schedule for Oct 15, 2022

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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 $464,800,000 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, Oct 15, 2022
Jackpot:$464,800,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,995,907$2,546,673$412,759$4,036,475
2$7,345,702$2,676,098$433,396$4,236,208
3$7,712,987$2,811,993$455,066$4,445,928
4$8,098,637$2,954,683$477,820$4,666,134
5$8,503,569$3,104,508$501,711$4,897,350
6$8,928,747$3,261,824$526,796$5,140,127
7$9,375,185$3,427,006$553,136$5,395,043
8$9,843,944$3,600,447$580,793$5,662,704
9$10,336,141$3,782,560$609,832$5,943,749
10$10,852,948$3,973,779$640,324$6,238,846
11$11,395,595$4,174,558$672,340$6,548,697
12$11,965,375$4,385,377$705,957$6,874,041
13$12,563,644$4,606,736$741,255$7,215,653
14$13,191,826$4,839,163$778,318$7,574,345
15$13,851,417$5,083,212$817,234$7,950,972
16$14,543,988$5,339,463$858,095$8,346,430
17$15,271,188$5,608,527$901,000$8,761,660
18$16,034,747$5,891,044$946,050$9,197,653
19$16,836,484$6,187,687$993,353$9,655,445
20$17,678,309$6,499,162$1,043,020$10,136,127
21$18,562,224$6,826,211$1,095,171$10,640,842
22$19,490,335$7,169,612$1,149,930$11,170,794
23$20,464,852$7,530,183$1,207,426$11,727,243
24$21,488,094$7,908,783$1,267,798$12,311,514
25$22,562,499$8,306,312$1,331,187$12,924,999
26$23,690,625$8,723,719$1,397,747$13,569,159
27$24,875,156$9,161,995$1,467,634$14,245,526
28$26,118,913$9,622,186$1,541,016$14,955,712
29$27,424,859$10,105,386$1,618,067$15,701,407
30$28,796,102$10,612,746$1,698,970$16,484,387
Total$464,800,001$170,721,633$27,423,201$266,655,170

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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.