Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 10, 2025 is estimated to be $335 Million, with a cash option of 157.3 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 10, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 10, 2025	$335,000,000	$157,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$157,300,000
Federal Tax(24%)	$37,752,000
Additional Federal Tax	$20,409,330
State Tax(6.75%)	$10,617,750
Net Lumpsum Payment	$88,520,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$340,341	$2,875,842
2	$5,294,340	-$1,919,236 -$357,368	$3,017,736
3	$5,558,990	-$2,017,157 -$375,232	$3,166,601
4	$5,837,040	-$2,120,035 -$394,000	$3,323,005
5	$6,128,825	-$2,227,996 -$413,696	$3,487,133
6	$6,435,350	-$2,341,410 -$434,386	$3,659,554
7	$6,756,950	-$2,460,402 -$456,094	$3,840,454
8	$7,094,965	-$2,585,467 -$478,910	$4,030,588
9	$7,449,730	-$2,716,730 -$502,857	$4,230,143
10	$7,822,250	-$2,854,563 -$528,002	$4,439,685
11	$8,213,195	-$2,999,213 -$554,391	$4,659,591
12	$8,623,905	-$3,151,175 -$582,114	$4,890,616
13	$9,055,050	-$3,310,699 -$611,216	$5,133,135
14	$9,507,970	-$3,478,279 -$641,788	$5,387,903
15	$9,983,335	-$3,654,164 -$673,875	$5,655,296
16	$10,482,485	-$3,838,850 -$707,568	$5,936,067
17	$11,006,425	-$4,032,708 -$742,934	$6,230,783
18	$11,556,830	-$4,236,357 -$780,086	$6,540,387
19	$12,134,705	-$4,450,171 -$819,093	$6,865,441
20	$12,741,390	-$4,674,645 -$860,044	$7,206,701
21	$13,378,560	-$4,910,398 -$903,053	$7,565,109
22	$14,047,555	-$5,157,926 -$948,210	$7,941,419
23	$14,749,715	-$5,417,725 -$995,606	$8,336,384
24	$15,487,385	-$5,690,663 -$1,045,398	$8,751,324
25	$16,261,570	-$5,977,111 -$1,097,656	$9,186,803
26	$17,074,950	-$6,278,062 -$1,152,559	$9,644,329
27	$17,928,530	-$6,593,886 -$1,210,176	$10,124,468
28	$18,824,990	-$6,925,577 -$1,270,687	$10,628,726
29	$19,766,340	-$7,273,876 -$1,334,228	$11,158,236
30	$20,754,590	-$7,639,529 -$1,400,935	$11,714,126