USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Nov 16, 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 $76,000,000 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:Wed, Nov 16, 2022
Jackpot:$76,000,000
Federal Tax:37% marginal rate
State Tax: 6.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,143,909$386,201$77,214$680,494
2$1,201,105$407,364$81,075$712,666
3$1,261,160$429,584$85,128$746,447
4$1,324,218$452,916$89,385$781,917
5$1,390,429$477,414$93,854$819,161
6$1,459,950$503,137$98,547$858,267
7$1,532,948$530,146$103,474$899,328
8$1,609,595$558,505$108,648$942,442
9$1,690,075$588,283$114,080$987,712
10$1,774,578$619,549$119,784$1,035,245
11$1,863,307$652,379$125,773$1,085,155
12$1,956,473$686,850$132,062$1,137,561
13$2,054,296$723,045$138,665$1,192,587
14$2,157,011$761,049$145,598$1,250,364
15$2,264,862$800,954$152,878$1,311,030
16$2,378,105$842,854$160,522$1,374,729
17$2,497,010$886,849$168,548$1,441,613
18$2,621,861$933,043$176,976$1,511,842
19$2,752,954$981,548$185,824$1,585,581
20$2,890,601$1,032,477$195,116$1,663,008
21$3,035,131$1,085,954$204,871$1,744,306
22$3,186,888$1,142,104$215,115$1,829,669
23$3,346,232$1,201,061$225,871$1,919,301
24$3,513,544$1,262,966$237,164$2,013,413
25$3,689,221$1,327,967$249,022$2,112,232
26$3,873,682$1,396,217$261,474$2,215,991
27$4,067,366$1,467,881$274,547$2,324,939
28$4,270,735$1,543,127$288,275$2,439,333
29$4,484,271$1,622,135$302,688$2,559,448
30$4,708,485$1,705,094$317,823$2,685,568
Total$76,000,000$27,008,653$5,130,001$43,861,349

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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.