USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Sep 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 $286,000,000 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, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 6.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,555,698$290,568$2,458,445
2$4,519,946$1,635,335$305,096$2,579,515
3$4,745,943$1,718,954$320,351$2,706,638
4$4,983,241$1,806,754$336,369$2,840,118
5$5,232,402$1,898,944$353,187$2,980,271
6$5,494,023$1,995,743$370,847$3,127,433
7$5,768,724$2,097,383$389,389$3,281,952
8$6,057,160$2,204,104$408,858$3,444,197
9$6,360,018$2,316,162$429,301$3,614,555
10$6,678,019$2,433,822$450,766$3,793,431
11$7,011,920$2,557,365$473,305$3,981,250
12$7,362,516$2,687,086$496,970$4,178,460
13$7,730,641$2,823,292$521,818$4,385,531
14$8,117,174$2,966,309$547,909$4,602,955
15$8,523,032$3,116,477$575,305$4,831,251
16$8,949,184$3,274,153$604,070$5,070,961
17$9,396,643$3,439,713$634,273$5,322,657
18$9,866,475$3,613,551$665,987$5,586,937
19$10,359,799$3,796,081$699,286$5,864,432
20$10,877,789$3,987,737$734,251$6,155,801
21$11,421,678$4,188,976$770,963$6,461,739
22$11,992,762$4,400,277$809,511$6,782,974
23$12,592,400$4,622,143$849,987$7,120,270
24$13,222,020$4,855,102$892,486$7,474,431
25$13,883,121$5,099,710$937,111$7,846,301
26$14,577,278$5,356,548$983,966$8,236,764
27$15,306,141$5,626,227$1,033,165$8,646,750
28$16,071,448$5,909,391$1,084,823$9,077,235
29$16,875,021$6,206,713$1,139,064$9,529,244
30$17,718,772$6,518,901$1,196,017$10,003,854
Total$286,000,001$104,708,651$19,304,999$161,986,352

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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.