Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Mon Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(6.75%)	$2,679,750
Net Lumpsum Payment	$22,370,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$88,387	$776,228
2	$1,374,948	-$469,061 -$92,809	$813,078
3	$1,443,678	-$494,491 -$97,448	$851,739
4	$1,515,888	-$521,209 -$102,322	$892,357
5	$1,591,665	-$549,246 -$107,437	$934,982
6	$1,671,270	-$578,700 -$112,811	$979,759
7	$1,754,790	-$609,603 -$118,448	$1,026,739
8	$1,842,573	-$642,082 -$124,374	$1,076,117
9	$1,934,706	-$676,172 -$130,593	$1,127,941
10	$2,031,450	-$711,967 -$137,123	$1,182,360
11	$2,132,979	-$749,533 -$143,976	$1,239,470
12	$2,239,641	-$788,998 -$151,176	$1,299,467
13	$2,351,610	-$830,426 -$158,734	$1,362,450
14	$2,469,234	-$873,947 -$166,673	$1,428,614
15	$2,592,687	-$919,625 -$175,006	$1,498,056
16	$2,722,317	-$967,588 -$183,756	$1,570,973
17	$2,858,385	-$1,017,933 -$192,941	$1,647,511
18	$3,001,326	-$1,070,821 -$202,590	$1,727,915
19	$3,151,401	-$1,126,349 -$212,720	$1,812,332
20	$3,308,958	-$1,184,645 -$223,355	$1,900,958
21	$3,474,432	-$1,245,870 -$234,524	$1,994,038
22	$3,648,171	-$1,310,154 -$246,252	$2,091,765
23	$3,830,523	-$1,377,624 -$258,560	$2,194,339
24	$4,022,097	-$1,448,506 -$271,492	$2,302,099
25	$4,223,154	-$1,522,897 -$285,063	$2,415,194
26	$4,434,390	-$1,601,055 -$299,321	$2,534,014
27	$4,656,066	-$1,683,075 -$314,284	$2,658,707
28	$4,888,878	-$1,769,215 -$329,999	$2,789,664
29	$5,133,348	-$1,859,669 -$346,501	$2,927,178
30	$5,389,998	-$1,954,630 -$363,825	$3,071,543