Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 1, 2025 is estimated to be $1.10 Billion, with a cash option of 498.4 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 Sep 1, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 1, 2025	$1,100,000,000	$498,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$498,400,000
Federal Tax(24%)	$119,616,000
Additional Federal Tax	$64,752,330
State Tax(6.75%)	$33,642,000
Net Lumpsum Payment	$280,389,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$16,556,100	-$6,086,087 -$1,117,537	$9,352,476
2	$17,384,400	-$6,392,558 -$1,173,447	$9,818,395
3	$18,253,400	-$6,714,088 -$1,232,105	$10,307,207
4	$19,166,400	-$7,051,898 -$1,293,732	$10,820,770
5	$20,124,500	-$7,406,395 -$1,358,404	$11,359,701
6	$21,131,000	-$7,778,800 -$1,426,343	$11,925,857
7	$22,187,000	-$8,169,520 -$1,497,623	$12,519,857
8	$23,296,900	-$8,580,183 -$1,572,541	$13,144,176
9	$24,461,800	-$9,011,196 -$1,651,172	$13,799,432
10	$25,685,000	-$9,463,780 -$1,733,738	$14,487,482
11	$26,968,700	-$9,938,749 -$1,820,387	$15,209,564
12	$28,317,300	-$10,437,731 -$1,911,418	$15,968,151
13	$29,733,000	-$10,961,540 -$2,006,978	$16,764,482
14	$31,220,200	-$11,511,804 -$2,107,364	$17,601,032
15	$32,781,100	-$12,089,337 -$2,212,724	$18,479,039
16	$34,420,100	-$12,695,767 -$2,323,357	$19,400,976
17	$36,140,500	-$13,332,315 -$2,439,484	$20,368,701
18	$37,947,800	-$14,001,016 -$2,561,477	$21,385,307
19	$39,845,300	-$14,703,091 -$2,689,558	$22,452,651
20	$41,837,400	-$15,440,168 -$2,824,025	$23,573,207
21	$43,929,600	-$16,214,282 -$2,965,248	$24,750,070
22	$46,126,300	-$17,027,061 -$3,113,525	$25,985,714
23	$48,431,900	-$17,880,133 -$3,269,153	$27,282,614
24	$50,854,100	-$18,776,347 -$3,432,652	$28,645,101
25	$53,396,200	-$19,716,924 -$3,604,244	$30,075,032
26	$56,067,000	-$20,705,120 -$3,784,523	$31,577,357
27	$58,869,800	-$21,742,156 -$3,973,712	$33,153,932
28	$61,813,400	-$22,831,288 -$4,172,405	$34,809,707
29	$64,904,400	-$23,974,958 -$4,381,047	$36,548,395
30	$68,149,400	-$25,175,608 -$4,600,085	$38,373,707