USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Nov 28, 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 $54,800,000 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:Mon, Nov 28, 2022
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 6.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$268,138$55,675$501,005
2$866,060$283,397$58,459$524,204
3$909,363$299,419$61,382$548,561
4$954,831$316,242$64,451$574,137
5$1,002,572$333,907$67,674$600,992
6$1,052,701$352,454$71,057$629,189
7$1,105,336$371,929$74,610$658,796
8$1,160,603$392,378$78,341$689,884
9$1,218,633$413,849$82,258$722,526
10$1,279,564$436,394$86,371$756,800
11$1,343,543$460,066$90,689$792,788
12$1,410,720$484,921$95,224$830,575
13$1,481,256$511,020$99,985$870,251
14$1,555,319$538,423$104,984$911,912
15$1,633,084$567,196$110,233$955,655
16$1,714,739$597,408$115,745$1,001,586
17$1,800,476$629,131$121,532$1,049,813
18$1,890,499$662,440$127,609$1,100,451
19$1,985,024$697,414$133,989$1,153,621
20$2,084,276$734,137$140,689$1,209,450
21$2,188,489$772,696$147,723$1,268,070
22$2,297,914$813,183$155,109$1,329,622
23$2,412,810$855,695$162,865$1,394,250
24$2,533,450$900,332$171,008$1,462,111
25$2,660,123$947,200$179,558$1,533,364
26$2,793,129$996,413$188,536$1,608,180
27$2,932,785$1,048,086$197,963$1,686,737
28$3,079,424$1,102,342$207,861$1,769,221
29$3,233,396$1,159,311$218,254$1,855,830
30$3,395,065$1,219,129$229,167$1,946,769
Total$54,800,000$19,164,650$3,699,001$31,936,350

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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.