Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 3, 2026 is estimated to be $64 Million, with a cash option of 29.5 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 Jan 3, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 3, 2026	$64,000,000	$29,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,500,000
Federal Tax(24%)	$7,080,000
Additional Federal Tax	$3,795,330
State Tax(6.75%)	$1,991,250
Net Lumpsum Payment	$16,633,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$963,264	-$316,738 -$65,020	$581,506
2	$1,011,456	-$334,569 -$68,273	$608,614
3	$1,062,016	-$353,276 -$71,686	$637,054
4	$1,115,136	-$372,931 -$75,272	$666,933
5	$1,170,880	-$393,556 -$79,034	$698,290
6	$1,229,440	-$415,223 -$82,987	$731,230
7	$1,290,880	-$437,956 -$87,134	$765,790
8	$1,355,456	-$461,849 -$91,493	$802,114
9	$1,423,232	-$486,926 -$96,068	$840,238
10	$1,494,400	-$513,258 -$100,872	$880,270
11	$1,569,088	-$540,893 -$105,913	$922,282
12	$1,647,552	-$569,925 -$111,210	$966,417
13	$1,729,920	-$600,401 -$116,770	$1,012,749
14	$1,816,448	-$632,416 -$122,610	$1,061,422
15	$1,907,264	-$666,018 -$128,740	$1,112,506
16	$2,002,624	-$701,301 -$135,177	$1,166,146
17	$2,102,720	-$738,337 -$141,934	$1,222,449
18	$2,207,872	-$777,243 -$149,031	$1,281,598
19	$2,318,272	-$818,091 -$156,483	$1,343,698
20	$2,434,176	-$860,976 -$164,307	$1,408,893
21	$2,555,904	-$906,015 -$172,524	$1,477,365
22	$2,683,712	-$953,304 -$181,151	$1,549,257
23	$2,817,856	-$1,002,937 -$190,205	$1,624,714
24	$2,958,784	-$1,055,080 -$199,718	$1,703,986
25	$3,106,688	-$1,109,805 -$209,701	$1,787,182
26	$3,262,080	-$1,167,300 -$220,190	$1,874,590
27	$3,425,152	-$1,227,637 -$231,198	$1,966,317
28	$3,596,416	-$1,291,004 -$242,758	$2,062,654
29	$3,776,256	-$1,357,545 -$254,897	$2,163,814
30	$3,965,056	-$1,427,401 -$267,641	$2,270,014