USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Dec 5, 2022

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The tax information provided here is based on 2024 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 $89,200,000 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, Dec 5, 2022
Jackpot:$89,200,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,342,588$454,945$79,213$808,430
2$1,409,717$479,783$83,173$846,761
3$1,480,203$505,863$87,332$887,008
4$1,554,213$533,247$91,699$929,268
5$1,631,924$562,000$96,284$973,641
6$1,713,520$592,190$101,098$1,020,232
7$1,799,196$623,890$106,153$1,069,153
8$1,889,156$657,176$111,460$1,120,520
9$1,983,614$692,125$117,033$1,174,456
10$2,082,795$728,822$122,885$1,231,088
11$2,186,934$767,353$129,029$1,290,552
12$2,296,281$807,812$135,481$1,352,989
13$2,411,095$850,293$142,255$1,418,548
14$2,531,650$894,898$149,367$1,487,384
15$2,658,232$941,734$156,836$1,559,663
16$2,791,144$990,911$164,678$1,635,556
17$2,930,701$1,042,547$172,911$1,715,243
18$3,077,236$1,096,765$181,557$1,798,914
19$3,231,098$1,153,694$190,635$1,886,769
20$3,392,653$1,213,469$200,167$1,979,017
21$3,562,286$1,276,233$210,175$2,075,877
22$3,740,400$1,342,136$220,684$2,177,581
23$3,927,420$1,411,333$231,718$2,284,369
24$4,123,791$1,483,990$243,304$2,396,497
25$4,329,980$1,560,281$255,469$2,514,231
26$4,546,480$1,640,385$268,242$2,637,852
27$4,773,804$1,724,495$281,654$2,767,654
28$5,012,494$1,812,810$295,737$2,903,946
29$5,263,118$1,905,542$310,524$3,047,053
30$5,526,274$2,002,909$326,050$3,197,315
Total$89,200,000$31,749,631$5,262,803$52,187,567

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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.