USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $45,700,000 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 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 6.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$217,460$46,430$423,961
2$722,243$230,185$48,751$443,307
3$758,355$243,546$51,189$463,620
4$796,273$257,576$53,748$484,949
5$836,087$272,307$56,436$507,344
6$877,891$287,775$59,258$530,859
7$921,786$304,016$62,221$555,549
8$967,875$321,069$65,332$581,475
9$1,016,269$338,974$68,598$608,696
10$1,067,082$357,775$72,028$637,279
11$1,120,436$377,516$75,629$667,290
12$1,176,458$398,244$79,411$698,803
13$1,235,281$420,009$83,381$731,890
14$1,297,045$442,862$87,551$766,633
15$1,361,897$466,857$91,928$803,112
16$1,429,992$492,052$96,524$841,415
17$1,501,492$518,507$101,351$881,634
18$1,576,566$546,284$106,418$923,863
19$1,655,394$575,451$111,739$968,204
20$1,738,164$606,076$117,326$1,014,762
21$1,825,072$638,232$123,192$1,063,648
22$1,916,326$671,996$129,352$1,114,978
23$2,012,142$707,448$135,820$1,168,875
24$2,112,749$744,672$142,611$1,225,467
25$2,218,387$783,758$149,741$1,284,888
26$2,329,306$824,798$157,228$1,347,280
27$2,445,772$867,890$165,090$1,412,791
28$2,568,060$913,137$173,344$1,481,579
29$2,696,463$960,646$182,011$1,553,805
30$2,831,286$1,010,531$191,112$1,629,644
Total$45,700,000$15,797,649$3,084,750$26,817,600

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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.