Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 5, 2025 is estimated to be $190 Million, with a cash option of 87 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 5, 2025

Draw Date	Jackpot	Cash Option
Sat Jul 5, 2025	$190,000,000	$87,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$87,000,000
Federal Tax(24%)	$20,880,000
Additional Federal Tax	$11,270,330
State Tax(6.75%)	$5,872,500
Net Lumpsum Payment	$48,977,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,859,690	-$1,018,416 -$193,029	$1,648,245
2	$3,002,760	-$1,071,352 -$202,686	$1,728,722
3	$3,152,860	-$1,126,889 -$212,818	$1,813,153
4	$3,310,560	-$1,185,238 -$223,463	$1,901,859
5	$3,476,050	-$1,246,469 -$234,633	$1,994,948
6	$3,649,900	-$1,310,793 -$246,368	$2,092,739
7	$3,832,300	-$1,378,281 -$258,680	$2,195,339
8	$4,024,010	-$1,449,214 -$271,621	$2,303,175
9	$4,225,220	-$1,523,662 -$285,202	$2,416,356
10	$4,436,500	-$1,601,835 -$299,464	$2,535,201
11	$4,658,230	-$1,683,875 -$314,431	$2,659,924
12	$4,891,170	-$1,770,063 -$330,154	$2,790,953
13	$5,135,700	-$1,860,539 -$346,660	$2,928,501
14	$5,392,580	-$1,955,585 -$363,999	$3,072,996
15	$5,662,190	-$2,055,341 -$382,198	$3,224,651
16	$5,945,290	-$2,160,088 -$401,307	$3,383,895
17	$6,242,450	-$2,270,037 -$421,365	$3,551,048
18	$6,554,620	-$2,385,540 -$442,437	$3,726,643
19	$6,882,370	-$2,506,807 -$464,560	$3,911,003
20	$7,226,460	-$2,634,121 -$487,786	$4,104,553
21	$7,587,840	-$2,767,831 -$512,179	$4,307,830
22	$7,967,270	-$2,908,220 -$537,791	$4,521,259
23	$8,365,510	-$3,055,569 -$564,672	$4,745,269
24	$8,783,890	-$3,210,370 -$592,913	$4,980,607
25	$9,222,980	-$3,372,833 -$622,551	$5,227,596
26	$9,684,300	-$3,543,521 -$653,690	$5,487,089
27	$10,168,420	-$3,722,646 -$686,368	$5,759,406
28	$10,676,860	-$3,910,769 -$720,688	$6,045,403
29	$11,210,760	-$4,108,312 -$756,726	$6,345,722
30	$11,771,260	-$4,315,697 -$794,560	$6,661,003