Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 29, 2025 is estimated to be $515 Million, with a cash option of 242.7 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 Sat Mar 29, 2025

Draw Date	Jackpot	Cash Option
Sat Mar 29, 2025	$515,000,000	$242,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$242,700,000
Federal Tax(24%)	$58,248,000
Additional Federal Tax	$31,511,330
State Tax(6.75%)	$16,382,250
Net Lumpsum Payment	$136,558,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,751,265	-$2,828,298 -$523,210	$4,399,757
2	$8,139,060	-$2,971,783 -$549,387	$4,617,890
3	$8,545,910	-$3,122,317 -$576,849	$4,846,744
4	$8,973,360	-$3,280,474 -$605,702	$5,087,184
5	$9,421,925	-$3,446,443 -$635,980	$5,339,502
6	$9,893,150	-$3,620,796 -$667,788	$5,604,566
7	$10,387,550	-$3,803,724 -$701,160	$5,882,666
8	$10,907,185	-$3,995,989 -$736,235	$6,174,961
9	$11,452,570	-$4,197,781 -$773,048	$6,481,741
10	$12,025,250	-$4,409,673 -$811,704	$6,803,873
11	$12,626,255	-$4,632,045 -$852,272	$7,141,938
12	$13,257,645	-$4,865,659 -$894,891	$7,497,095
13	$13,920,450	-$5,110,897 -$939,630	$7,869,923
14	$14,616,730	-$5,368,520 -$986,629	$8,261,581
15	$15,347,515	-$5,638,911 -$1,035,957	$8,672,647
16	$16,114,865	-$5,922,830 -$1,087,753	$9,104,282
17	$16,920,325	-$6,220,851 -$1,142,122	$9,557,352
18	$17,766,470	-$6,533,924 -$1,199,237	$10,033,309
19	$18,654,845	-$6,862,623 -$1,259,202	$10,533,020
20	$19,587,510	-$7,207,709 -$1,322,157	$11,057,644
21	$20,567,040	-$7,570,135 -$1,388,275	$11,608,630
22	$21,595,495	-$7,950,664 -$1,457,696	$12,187,135
23	$22,674,935	-$8,350,056 -$1,530,558	$12,794,321
24	$23,808,965	-$8,769,647 -$1,607,105	$13,432,213
25	$24,999,130	-$9,210,008 -$1,687,441	$14,101,681
26	$26,249,550	-$9,672,664 -$1,771,845	$14,805,041
27	$27,561,770	-$10,158,185 -$1,860,419	$15,543,166
28	$28,939,910	-$10,668,097 -$1,953,444	$16,318,369
29	$30,387,060	-$11,203,543 -$2,051,127	$17,132,390
30	$31,906,310	-$11,765,665 -$2,153,676	$17,986,969