Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 24, 2025 is estimated to be $654 Million, with a cash option of 303.2 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 Mon Nov 24, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 24, 2025	$654,000,000	$303,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$303,200,000
Federal Tax(24%)	$72,768,000
Additional Federal Tax	$39,376,330
State Tax(6.75%)	$20,466,000
Net Lumpsum Payment	$170,589,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,843,354	-$3,602,371 -$664,426	$5,576,557
2	$10,335,816	-$3,784,582 -$697,668	$5,853,566
3	$10,852,476	-$3,975,747 -$732,542	$6,144,187
4	$11,395,296	-$4,176,590 -$769,182	$6,449,524
5	$11,964,930	-$4,387,354 -$807,633	$6,769,943
6	$12,563,340	-$4,608,766 -$848,025	$7,106,549
7	$13,191,180	-$4,841,067 -$890,405	$7,459,708
8	$13,851,066	-$5,085,225 -$934,947	$7,830,894
9	$14,543,652	-$5,341,482 -$981,697	$8,220,473
10	$15,270,900	-$5,610,563 -$1,030,786	$8,629,551
11	$16,034,118	-$5,892,954 -$1,082,303	$9,058,861
12	$16,835,922	-$6,189,622 -$1,136,425	$9,509,875
13	$17,677,620	-$6,501,050 -$1,193,239	$9,983,331
14	$18,561,828	-$6,828,207 -$1,252,923	$10,480,698
15	$19,489,854	-$7,171,576 -$1,315,565	$11,002,713
16	$20,464,314	-$7,532,127 -$1,381,341	$11,550,846
17	$21,487,170	-$7,910,583 -$1,450,384	$12,126,203
18	$22,561,692	-$8,308,156 -$1,522,914	$12,730,622
19	$23,689,842	-$8,725,572 -$1,599,064	$13,365,206
20	$24,874,236	-$9,163,798 -$1,679,011	$14,031,427
21	$26,118,144	-$9,624,044 -$1,762,975	$14,731,125
22	$27,424,182	-$10,107,278 -$1,851,132	$15,465,772
23	$28,794,966	-$10,614,468 -$1,943,660	$16,236,838
24	$30,235,074	-$11,147,308 -$2,040,867	$17,046,899
25	$31,746,468	-$11,706,524 -$2,142,887	$17,897,057
26	$33,334,380	-$12,294,051 -$2,250,071	$18,790,258
27	$35,000,772	-$12,910,616 -$2,362,552	$19,727,604
28	$36,750,876	-$13,558,155 -$2,480,684	$20,712,037
29	$38,588,616	-$14,238,118 -$2,604,732	$21,745,766
30	$40,517,916	-$14,951,959 -$2,734,959	$22,830,998