Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 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 Mon Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(6.75%)	$13,061,250
Net Lumpsum Payment	$108,883,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$432,792	$3,646,265
2	$6,732,504	-$2,451,357 -$454,444	$3,826,703
3	$7,069,044	-$2,575,877 -$477,160	$4,016,007
4	$7,422,624	-$2,706,701 -$501,027	$4,214,896
5	$7,793,670	-$2,843,988 -$526,073	$4,423,609
6	$8,183,460	-$2,988,211 -$552,384	$4,642,865
7	$8,592,420	-$3,139,526 -$579,988	$4,872,906
8	$9,022,254	-$3,298,564 -$609,002	$5,114,688
9	$9,473,388	-$3,465,484 -$639,454	$5,368,450
10	$9,947,100	-$3,640,757 -$671,429	$5,634,914
11	$10,444,242	-$3,824,700 -$704,986	$5,914,556
12	$10,966,518	-$4,017,942 -$740,240	$6,208,336
13	$11,514,780	-$4,220,799 -$777,248	$6,516,733
14	$12,090,732	-$4,433,901 -$816,124	$6,840,707
15	$12,695,226	-$4,657,564 -$856,928	$7,180,734
16	$13,329,966	-$4,892,418 -$899,773	$7,537,775
17	$13,996,230	-$5,138,935 -$944,746	$7,912,549
18	$14,696,148	-$5,397,905 -$991,990	$8,306,253
19	$15,430,998	-$5,669,800 -$1,041,592	$8,719,606
20	$16,202,484	-$5,955,249 -$1,093,668	$9,153,567
21	$17,012,736	-$6,255,043 -$1,148,360	$9,609,333
22	$17,863,458	-$6,569,810 -$1,205,783	$10,087,865
23	$18,756,354	-$6,900,181 -$1,266,054	$10,590,119
24	$19,694,406	-$7,247,261 -$1,329,372	$11,117,773
25	$20,678,892	-$7,611,520 -$1,395,825	$11,671,547
26	$21,713,220	-$7,994,222 -$1,465,642	$12,253,356
27	$22,798,668	-$8,395,838 -$1,538,910	$12,863,920
28	$23,938,644	-$8,817,629 -$1,615,858	$13,505,157
29	$25,135,704	-$9,260,541 -$1,696,660	$14,178,503
30	$26,392,404	-$9,725,520 -$1,781,487	$14,885,397