Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 26, 2025 is estimated to be $350 Million, with a cash option of 156.5 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Montana, your state will take 6.75% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Montana Powerball Jackpot/Cash Option for Sat Jul 26, 2025

Draw Date	Jackpot	Cash Option
Sat Jul 26, 2025	$350,000,000	$156,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$156,500,000
Federal Tax(24%)	$37,560,000
Additional Federal Tax	$20,305,330
State Tax(6.75%)	$10,563,750
Net Lumpsum Payment	$88,070,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,267,850	-$1,909,435 -$355,580	$3,002,835
2	$5,531,400	-$2,006,948 -$373,370	$3,151,082
3	$5,807,900	-$2,109,253 -$392,033	$3,306,614
4	$6,098,400	-$2,216,738 -$411,642	$3,470,020
5	$6,403,250	-$2,329,533 -$432,219	$3,641,498
6	$6,723,500	-$2,448,025 -$453,836	$3,821,639
7	$7,059,500	-$2,572,345 -$476,516	$4,010,639
8	$7,412,650	-$2,703,011 -$500,354	$4,209,285
9	$7,783,300	-$2,840,151 -$525,373	$4,417,776
10	$8,172,500	-$2,984,155 -$551,644	$4,636,701
11	$8,580,950	-$3,135,282 -$579,214	$4,866,454
12	$9,010,050	-$3,294,049 -$608,178	$5,107,823
13	$9,460,500	-$3,460,715 -$638,584	$5,361,201
14	$9,933,700	-$3,635,799 -$670,525	$5,627,376
15	$10,430,350	-$3,819,560 -$704,049	$5,906,741
16	$10,951,850	-$4,012,515 -$739,250	$6,200,085
17	$11,499,250	-$4,215,053 -$776,199	$6,507,998
18	$12,074,300	-$4,427,821 -$815,015	$6,831,464
19	$12,678,050	-$4,651,209 -$855,768	$7,171,073
20	$13,311,900	-$4,885,733 -$898,553	$7,527,614
21	$13,977,600	-$5,132,042 -$943,488	$7,902,070
22	$14,676,550	-$5,390,654 -$990,667	$8,295,229
23	$15,410,150	-$5,662,086 -$1,040,185	$8,707,879
24	$16,180,850	-$5,947,245 -$1,092,207	$9,141,398
25	$16,989,700	-$6,246,519 -$1,146,805	$9,596,376
26	$17,839,500	-$6,560,945 -$1,204,166	$10,074,389
27	$18,731,300	-$6,890,911 -$1,264,363	$10,576,026
28	$19,667,900	-$7,237,453 -$1,327,583	$11,102,864
29	$20,651,400	-$7,601,348 -$1,393,970	$11,656,082
30	$21,683,900	-$7,983,373 -$1,463,663	$12,236,864