Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 16, 2026 is estimated to be $154 Million, with a cash option of 72.2 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 Feb 16, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 16, 2026	$154,000,000	$72,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$72,200,000
Federal Tax(24%)	$17,328,000
Additional Federal Tax	$9,346,330
State Tax(6.75%)	$4,873,500
Net Lumpsum Payment	$40,652,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$156,455	$1,343,463
2	$2,433,816	-$860,842 -$164,283	$1,408,691
3	$2,555,476	-$905,857 -$172,495	$1,477,124
4	$2,683,296	-$953,150 -$181,122	$1,549,024
5	$2,817,430	-$1,002,779 -$190,177	$1,624,474
6	$2,958,340	-$1,054,916 -$199,688	$1,703,736
7	$3,106,180	-$1,109,617 -$209,667	$1,786,896
8	$3,261,566	-$1,167,110 -$220,156	$1,874,300
9	$3,424,652	-$1,227,452 -$231,164	$1,966,036
10	$3,595,900	-$1,290,813 -$242,723	$2,062,364
11	$3,775,618	-$1,357,309 -$254,854	$2,163,455
12	$3,964,422	-$1,427,167 -$267,598	$2,269,657
13	$4,162,620	-$1,500,500 -$280,977	$2,381,143
14	$4,370,828	-$1,577,537 -$295,031	$2,498,260
15	$4,589,354	-$1,658,391 -$309,781	$2,621,182
16	$4,818,814	-$1,743,292 -$325,270	$2,750,252
17	$5,059,670	-$1,832,408 -$341,528	$2,885,734
18	$5,312,692	-$1,926,026 -$358,607	$3,028,059
19	$5,578,342	-$2,024,317 -$376,538	$3,177,487
20	$5,857,236	-$2,127,508 -$395,363	$3,334,365
21	$6,150,144	-$2,235,884 -$415,135	$3,499,125
22	$6,457,682	-$2,349,673 -$435,894	$3,672,115
23	$6,780,466	-$2,469,103 -$457,681	$3,853,682
24	$7,119,574	-$2,594,573 -$480,571	$4,044,430
25	$7,475,468	-$2,726,254 -$504,594	$4,244,620
26	$7,849,380	-$2,864,601 -$529,833	$4,454,946
27	$8,241,772	-$3,009,786 -$556,320	$4,675,666
28	$8,653,876	-$3,162,265 -$584,137	$4,907,474
29	$9,086,616	-$3,322,378 -$613,347	$5,150,891
30	$9,540,916	-$3,490,469 -$644,012	$5,406,435