USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Oct 2, 2023

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

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 $1,066,200,000 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, Oct 2, 2023
Jackpot:$1,066,200,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,047,840$5,895,889$946,823$9,205,129
2$16,850,232$6,192,774$994,164$9,663,295
3$17,692,744$6,504,503$1,043,872$10,144,369
4$18,577,381$6,831,819$1,096,066$10,649,497
5$19,506,249$7,175,500$1,150,869$11,179,881
6$20,481,562$7,536,366$1,208,412$11,736,784
7$21,505,641$7,915,275$1,268,833$12,321,533
8$22,580,923$8,313,129$1,332,274$12,935,519
9$23,709,969$8,730,876$1,398,888$13,580,205
10$24,895,467$9,169,511$1,468,833$14,257,124
11$26,140,241$9,630,077$1,542,274$14,967,890
12$27,447,253$10,113,671$1,619,388$15,714,194
13$28,819,615$10,621,445$1,700,357$16,497,813
14$30,260,596$11,154,608$1,785,375$17,320,613
15$31,773,626$11,714,429$1,874,644$18,184,553
16$33,362,307$12,302,242$1,968,376$19,091,690
17$35,030,422$12,919,444$2,066,795$20,044,183
18$36,781,944$13,567,507$2,170,135$21,044,302
19$38,621,040$14,247,973$2,278,641$22,094,426
20$40,552,093$14,962,462$2,392,573$23,197,057
21$42,579,697$15,712,676$2,512,202$24,354,819
22$44,708,682$16,500,400$2,637,812$25,570,470
23$46,944,116$17,327,511$2,769,703$26,846,903
24$49,291,322$18,195,977$2,908,188$28,187,157
25$51,755,888$19,107,866$3,053,597$29,594,424
26$54,343,683$20,065,350$3,206,277$31,072,055
27$57,060,867$21,070,709$3,366,591$32,623,567
28$59,913,910$22,126,334$3,534,921$34,252,655
29$62,909,605$23,234,742$3,711,667$35,963,197
30$66,055,086$24,398,570$3,897,250$37,759,266
Total$1,066,200,002$393,239,635$62,905,800$610,054,570

◄ 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.