USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $92,900,000 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 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 6.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$480,318$94,384$823,577
2$1,468,192$506,186$99,103$862,903
3$1,541,602$533,348$104,058$904,196
4$1,618,682$561,867$109,261$947,554
5$1,699,616$591,813$114,724$993,079
6$1,784,597$623,256$120,460$1,040,881
7$1,873,827$656,271$126,483$1,091,073
8$1,967,518$690,937$132,807$1,143,774
9$2,065,894$727,336$139,448$1,199,110
10$2,169,189$765,555$146,420$1,257,214
11$2,277,648$805,685$153,741$1,318,222
12$2,391,530$847,821$161,428$1,382,281
13$2,511,107$892,065$169,500$1,449,543
14$2,636,662$938,520$177,975$1,520,168
15$2,768,495$987,298$186,873$1,594,324
16$2,906,920$1,038,515$196,217$1,672,188
17$3,052,266$1,092,293$206,028$1,753,945
18$3,204,880$1,148,760$216,329$1,839,790
19$3,365,123$1,208,051$227,146$1,929,927
20$3,533,380$1,270,305$238,503$2,024,571
21$3,710,049$1,335,673$250,428$2,123,947
22$3,895,551$1,404,309$262,950$2,228,292
23$4,090,329$1,476,377$276,097$2,337,855
24$4,294,845$1,552,048$289,902$2,452,895
25$4,509,587$1,631,502$304,397$2,573,688
26$4,735,067$1,714,930$319,617$2,700,520
27$4,971,820$1,802,528$335,598$2,833,694
28$5,220,411$1,894,507$352,378$2,973,526
29$5,481,432$1,991,085$369,997$3,120,350
30$5,755,503$2,092,491$388,496$3,274,516
Total$92,900,000$33,261,650$6,270,748$53,367,603

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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.