Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 24, 2026 is estimated to be $674 Million, with a cash option of 283.9 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 Sat Oct 24, 2026

Draw Date	Jackpot	Cash Option
Sat Oct 24, 2026	$674,000,000	$283,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$283,900,000
Federal Tax(24%)	$68,136,000
Additional Federal Tax	$36,867,330
State Tax(6.75%)	$19,163,250
Net Lumpsum Payment	$159,733,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,144,374	-$3,713,749 -$684,745	$5,745,880
2	$10,651,896	-$3,901,532 -$719,003	$6,031,361
3	$11,184,356	-$4,098,542 -$754,944	$6,330,870
4	$11,743,776	-$4,305,528 -$792,705	$6,645,543
5	$12,330,830	-$4,522,737 -$832,331	$6,975,762
6	$12,947,540	-$4,750,920 -$873,959	$7,322,661
7	$13,594,580	-$4,990,325 -$917,634	$7,686,621
8	$14,274,646	-$5,241,949 -$963,539	$8,069,158
9	$14,988,412	-$5,506,043 -$1,011,718	$8,470,651
10	$15,737,900	-$5,783,353 -$1,062,308	$8,892,239
11	$16,524,458	-$6,074,380 -$1,115,401	$9,334,677
12	$17,350,782	-$6,380,120 -$1,171,178	$9,799,484
13	$18,218,220	-$6,701,072 -$1,229,730	$10,287,418
14	$19,129,468	-$7,038,234 -$1,291,239	$10,799,995
15	$20,085,874	-$7,392,104 -$1,355,796	$11,337,974
16	$21,090,134	-$7,763,680 -$1,423,584	$11,902,870
17	$22,144,270	-$8,153,710 -$1,494,738	$12,495,822
18	$23,251,652	-$8,563,442 -$1,569,487	$13,118,723
19	$24,414,302	-$8,993,622 -$1,647,965	$13,772,715
20	$25,634,916	-$9,445,249 -$1,730,357	$14,459,310
21	$26,916,864	-$9,919,570 -$1,816,888	$15,180,406
22	$28,262,842	-$10,417,582 -$1,907,742	$15,937,518
23	$29,675,546	-$10,940,282 -$2,003,099	$16,732,165
24	$31,159,694	-$11,489,417 -$2,103,279	$17,566,998
25	$32,717,308	-$12,065,734 -$2,208,418	$18,443,156
26	$34,353,780	-$12,671,229 -$2,318,880	$19,363,671
27	$36,071,132	-$13,306,649 -$2,434,801	$20,329,682
28	$37,874,756	-$13,973,990 -$2,556,546	$21,344,220
29	$39,768,696	-$14,674,748 -$2,684,387	$22,409,561
30	$41,756,996	-$15,410,419 -$2,818,597	$23,527,980