Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 16, 2025 is estimated to be $90 Million, with a cash option of 40.7 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 Jun 16, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 16, 2025	$90,000,000	$40,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$40,700,000
Federal Tax(24%)	$9,768,000
Additional Federal Tax	$5,251,330
State Tax(6.75%)	$2,747,250
Net Lumpsum Payment	$22,933,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$91,435	$801,626
2	$1,422,360	-$486,604 -$96,009	$839,747
3	$1,493,460	-$512,911 -$100,809	$879,740
4	$1,568,160	-$540,550 -$105,851	$921,759
5	$1,646,550	-$569,554 -$111,142	$965,854
6	$1,728,900	-$600,023 -$116,701	$1,012,176
7	$1,815,300	-$631,991 -$122,533	$1,060,776
8	$1,906,110	-$665,591 -$128,662	$1,111,857
9	$2,001,420	-$700,856 -$135,096	$1,165,468
10	$2,101,500	-$737,885 -$141,851	$1,221,764
11	$2,206,530	-$776,746 -$148,941	$1,280,843
12	$2,316,870	-$817,572 -$156,389	$1,342,909
13	$2,432,700	-$860,429 -$164,207	$1,408,064
14	$2,554,380	-$905,451 -$172,421	$1,476,508
15	$2,682,090	-$952,704 -$181,041	$1,548,345
16	$2,816,190	-$1,002,321 -$190,093	$1,623,776
17	$2,956,950	-$1,054,402 -$199,594	$1,702,954
18	$3,104,820	-$1,109,114 -$209,575	$1,786,131
19	$3,260,070	-$1,166,556 -$220,055	$1,873,459
20	$3,423,060	-$1,226,863 -$231,057	$1,965,140
21	$3,594,240	-$1,290,199 -$242,611	$2,061,430
22	$3,773,970	-$1,356,699 -$254,743	$2,162,528
23	$3,962,610	-$1,426,496 -$267,476	$2,268,638
24	$4,160,790	-$1,499,823 -$280,853	$2,380,114
25	$4,368,780	-$1,576,779 -$294,893	$2,497,108
26	$4,587,300	-$1,657,631 -$309,643	$2,620,026
27	$4,816,620	-$1,742,480 -$325,122	$2,749,018
28	$5,057,460	-$1,831,591 -$341,379	$2,884,490
29	$5,310,360	-$1,925,164 -$358,449	$3,026,747
30	$5,575,860	-$2,023,399 -$376,371	$3,176,090