Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 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 Mon May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(6.75%)	$1,734,750
Net Lumpsum Payment	$14,495,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$57,909	$522,242
2	$900,828	-$293,637 -$60,806	$546,385
3	$945,858	-$310,298 -$63,845	$571,715
4	$993,168	-$327,803 -$67,039	$598,326
5	$1,042,815	-$346,172 -$70,390	$626,253
6	$1,094,970	-$365,469 -$73,910	$655,591
7	$1,149,690	-$385,716 -$77,604	$686,370
8	$1,207,203	-$406,995 -$81,486	$718,722
9	$1,267,566	-$429,330 -$85,561	$752,675
10	$1,330,950	-$452,782 -$89,839	$788,329
11	$1,397,469	-$477,394 -$94,329	$825,746
12	$1,467,351	-$503,250 -$99,046	$865,055
13	$1,540,710	-$530,393 -$103,998	$906,319
14	$1,617,774	-$558,907 -$109,200	$949,667
15	$1,698,657	-$588,833 -$114,659	$995,165
16	$1,783,587	-$620,258 -$120,392	$1,042,937
17	$1,872,735	-$653,242 -$126,410	$1,093,083
18	$1,966,386	-$687,893 -$132,731	$1,145,762
19	$2,064,711	-$724,273 -$139,368	$1,201,070
20	$2,167,938	-$762,467 -$146,336	$1,259,135
21	$2,276,352	-$802,581 -$153,654	$1,320,117
22	$2,390,181	-$844,697 -$161,337	$1,384,147
23	$2,509,653	-$888,902 -$169,402	$1,451,349
24	$2,635,167	-$935,342 -$177,874	$1,521,951
25	$2,766,894	-$984,081 -$186,765	$1,596,048
26	$2,905,290	-$1,035,288 -$196,107	$1,673,895
27	$3,050,526	-$1,089,025 -$205,911	$1,755,590
28	$3,203,058	-$1,145,462 -$216,206	$1,841,390
29	$3,363,228	-$1,204,725 -$227,018	$1,931,485
30	$3,531,378	-$1,266,940 -$238,368	$2,026,070