USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Nov 21, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $20,000,000 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 prize money, as well as deductions claimed.

State:

Montana

Drawing Date:Mon, Nov 21, 2022
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 6.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$79,113$20,319$201,596
2$316,080$84,381$21,335$210,364
3$331,884$89,912$22,402$219,570
4$348,478$95,720$23,522$229,236
5$365,902$101,819$24,698$239,385
6$384,197$108,222$25,933$250,042
7$403,407$114,946$27,230$261,232
8$423,578$122,005$28,591$272,981
9$444,757$129,418$30,021$285,318
10$466,994$137,201$31,522$298,271
11$490,344$145,373$33,098$311,872
12$514,861$153,954$34,753$326,154
13$540,604$162,979$36,491$341,135
14$567,635$172,980$38,315$356,339
15$596,016$183,481$40,231$372,304
16$625,817$194,507$42,243$389,067
17$657,108$206,085$44,355$406,668
18$689,963$218,241$46,573$425,149
19$724,461$231,006$48,901$444,555
20$760,685$244,408$51,346$464,930
21$798,719$258,481$53,914$486,324
22$838,655$273,257$56,609$508,788
23$880,587$288,772$59,440$532,375
24$924,617$305,063$62,412$557,142
25$970,848$322,169$65,532$583,147
26$1,019,390$340,129$68,809$610,452
27$1,070,360$358,988$72,249$639,122
28$1,123,878$378,790$75,862$669,226
29$1,180,071$399,581$79,655$700,835
30$1,239,075$421,413$83,638$734,025
Total$20,000,000$6,322,394$1,349,999$12,327,604

◄ Back to Jackpot Analysis

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.