USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Jun 24, 2024

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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 $84,000,000 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 money, as well as deductions claimed.

State:

Montana

Drawing Date:Mon, Jun 24, 2024
Jackpot:$84,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,264,321$425,986$74,595$763,739
2$1,327,537$449,376$78,325$799,836
3$1,393,913$473,936$82,241$837,737
4$1,463,609$499,723$86,353$877,533
5$1,536,789$526,800$90,671$919,319
6$1,613,629$555,230$95,204$963,194
7$1,694,310$585,083$99,964$1,009,264
8$1,779,026$616,427$104,963$1,057,636
9$1,867,977$649,339$110,211$1,108,427
10$1,961,376$683,897$115,721$1,161,758
11$2,059,445$720,182$121,507$1,217,755
12$2,162,417$758,282$127,583$1,276,552
13$2,270,538$798,287$133,962$1,338,289
14$2,384,065$840,292$140,660$1,403,113
15$2,503,268$884,397$147,693$1,471,178
16$2,628,432$930,707$155,077$1,542,647
17$2,759,853$979,333$162,831$1,617,688
18$2,897,846$1,030,391$170,973$1,696,482
19$3,042,738$1,084,001$179,522$1,779,216
20$3,194,875$1,140,292$188,498$1,866,086
21$3,354,619$1,199,397$197,923$1,957,300
22$3,522,350$1,261,457$207,819$2,053,074
23$3,698,467$1,326,621$218,210$2,153,637
24$3,883,391$1,395,042$229,120$2,259,228
25$4,077,560$1,466,885$240,576$2,370,099
26$4,281,438$1,542,320$252,605$2,486,513
27$4,495,510$1,621,526$265,235$2,608,748
28$4,720,286$1,704,693$278,497$2,737,095
29$4,956,300$1,792,019$292,422$2,871,859
30$5,204,115$1,883,710$307,043$3,013,362
Total$84,000,000$29,825,631$4,956,004$49,218,364

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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.