Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 11, 2025 is estimated to be $244 Million, with a cash option of 114.2 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 Oct 11, 2025

Draw Date	Jackpot	Cash Option
Sat Oct 11, 2025	$244,000,000	$114,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$114,200,000
Federal Tax(24%)	$27,408,000
Additional Federal Tax	$14,806,330
State Tax(6.75%)	$7,708,500
Net Lumpsum Payment	$64,277,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,672,444	-$1,319,135 -$247,890	$2,105,419
2	$3,856,176	-$1,387,116 -$260,292	$2,208,768
3	$4,048,936	-$1,458,437 -$273,303	$2,317,196
4	$4,251,456	-$1,533,369 -$286,973	$2,431,114
5	$4,463,980	-$1,612,003 -$301,319	$2,550,658
6	$4,687,240	-$1,694,609 -$316,389	$2,676,242
7	$4,921,480	-$1,781,278 -$332,200	$2,808,002
8	$5,167,676	-$1,872,371 -$348,818	$2,946,487
9	$5,426,072	-$1,967,977 -$366,260	$3,091,835
10	$5,697,400	-$2,068,368 -$384,575	$3,244,457
11	$5,982,148	-$2,173,725 -$403,795	$3,404,628
12	$6,281,292	-$2,284,408 -$423,987	$3,572,897
13	$6,595,320	-$2,400,599 -$445,184	$3,749,537
14	$6,925,208	-$2,522,657 -$467,452	$3,935,099
15	$7,271,444	-$2,650,765 -$490,822	$4,129,857
16	$7,635,004	-$2,785,282 -$515,363	$4,334,359
17	$8,016,620	-$2,926,480 -$541,122	$4,549,018
18	$8,417,512	-$3,074,810 -$568,182	$4,774,520
19	$8,838,412	-$3,230,543 -$596,593	$5,011,276
20	$9,280,296	-$3,394,040 -$626,420	$5,259,836
21	$9,744,384	-$3,565,752 -$657,746	$5,520,886
22	$10,231,652	-$3,746,042 -$690,637	$5,794,973
23	$10,743,076	-$3,935,269 -$725,158	$6,082,649
24	$11,280,364	-$4,134,065 -$761,425	$6,384,874
25	$11,844,248	-$4,342,702 -$799,487	$6,702,059
26	$12,436,680	-$4,561,902 -$839,476	$7,035,302
27	$13,058,392	-$4,791,935 -$881,441	$7,385,016
28	$13,711,336	-$5,033,525 -$925,515	$7,752,296
29	$14,396,976	-$5,287,212 -$971,796	$8,137,968
30	$15,116,776	-$5,553,538 -$1,020,382	$8,542,856