Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 9, 2026 is estimated to be $46 Million, with a cash option of 21.2 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 Mar 9, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 9, 2026	$46,000,000	$21,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$21,200,000
Federal Tax(24%)	$5,088,000
Additional Federal Tax	$2,716,330
State Tax(6.75%)	$1,431,000
Net Lumpsum Payment	$11,964,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$692,346	-$216,498 -$46,733	$429,115
2	$726,984	-$229,314 -$49,071	$448,599
3	$763,324	-$242,760 -$51,524	$469,040
4	$801,504	-$256,887 -$54,102	$490,515
5	$841,570	-$271,711 -$56,806	$513,053
6	$883,660	-$287,285 -$59,647	$536,728
7	$927,820	-$303,624 -$62,628	$561,568
8	$974,234	-$320,797 -$65,761	$587,676
9	$1,022,948	-$338,821 -$69,049	$615,078
10	$1,074,100	-$357,747 -$72,502	$643,851
11	$1,127,782	-$377,610 -$76,125	$674,047
12	$1,184,178	-$398,476 -$79,932	$705,770
13	$1,243,380	-$420,381 -$83,928	$739,071
14	$1,305,572	-$443,392 -$88,126	$774,054
15	$1,370,846	-$467,543 -$92,532	$810,771
16	$1,439,386	-$492,903 -$97,159	$849,324
17	$1,511,330	-$519,522 -$102,015	$889,793
18	$1,586,908	-$547,486 -$107,116	$932,306
19	$1,666,258	-$576,846 -$112,472	$976,940
20	$1,749,564	-$607,669 -$118,096	$1,023,799
21	$1,837,056	-$640,041 -$124,001	$1,073,014
22	$1,928,918	-$674,030 -$130,202	$1,124,686
23	$2,025,334	-$709,704 -$136,710	$1,178,920
24	$2,126,626	-$747,182 -$143,547	$1,235,897
25	$2,232,932	-$786,515 -$150,723	$1,295,694
26	$2,344,620	-$827,840 -$158,262	$1,358,518
27	$2,461,828	-$871,207 -$166,173	$1,424,448
28	$2,584,924	-$916,752 -$174,482	$1,493,690
29	$2,714,184	-$964,578 -$183,207	$1,566,399
30	$2,849,884	-$1,014,787 -$192,367	$1,642,730