Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 22, 2025 is estimated to be $215 Million, with a cash option of 99.3 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 Feb 22, 2025

Draw Date	Jackpot	Cash Option
Sat Feb 22, 2025	$215,000,000	$99,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$99,300,000
Federal Tax(24%)	$23,832,000
Additional Federal Tax	$12,869,330
State Tax(6.75%)	$6,702,750
Net Lumpsum Payment	$55,895,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,235,965	-$1,157,637 -$218,428	$1,859,900
2	$3,397,860	-$1,217,539 -$229,356	$1,950,965
3	$3,567,710	-$1,280,383 -$240,820	$2,046,507
4	$3,746,160	-$1,346,410 -$252,866	$2,146,884
5	$3,933,425	-$1,415,698 -$265,506	$2,252,221
6	$4,130,150	-$1,488,486 -$278,785	$2,362,879
7	$4,336,550	-$1,564,854 -$292,717	$2,478,979
8	$4,553,485	-$1,645,120 -$307,360	$2,601,005
9	$4,781,170	-$1,729,363 -$322,729	$2,729,078
10	$5,020,250	-$1,817,823 -$338,867	$2,863,560
11	$5,271,155	-$1,910,658 -$355,803	$3,004,694
12	$5,534,745	-$2,008,186 -$373,595	$3,152,964
13	$5,811,450	-$2,110,567 -$392,273	$3,308,610
14	$6,102,130	-$2,218,118 -$411,894	$3,472,118
15	$6,407,215	-$2,331,000 -$432,487	$3,643,728
16	$6,727,565	-$2,449,529 -$454,111	$3,823,925
17	$7,063,825	-$2,573,946 -$476,808	$4,013,071
18	$7,417,070	-$2,704,646 -$500,652	$4,211,772
19	$7,787,945	-$2,841,870 -$525,686	$4,420,389
20	$8,177,310	-$2,985,935 -$551,968	$4,639,407
21	$8,586,240	-$3,137,239 -$579,571	$4,869,430
22	$9,015,595	-$3,296,101 -$608,553	$5,110,941
23	$9,466,235	-$3,462,837 -$638,971	$5,364,427
24	$9,939,665	-$3,638,006 -$670,927	$5,630,732
25	$10,436,530	-$3,821,846 -$704,466	$5,910,218
26	$10,958,550	-$4,014,994 -$739,702	$6,203,854
27	$11,506,370	-$4,217,687 -$776,680	$6,512,003
28	$12,081,710	-$4,430,563 -$815,515	$6,835,632
29	$12,685,860	-$4,654,099 -$856,296	$7,175,465
30	$13,320,110	-$4,888,771 -$899,107	$7,532,232