Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(6.75%)	$5,204,250
Net Lumpsum Payment	$43,408,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$170,678	$1,461,989
2	$2,655,072	-$942,707 -$179,217	$1,533,148
3	$2,787,792	-$991,813 -$188,176	$1,607,803
4	$2,927,232	-$1,043,406 -$197,588	$1,686,238
5	$3,073,560	-$1,097,548 -$207,465	$1,768,547
6	$3,227,280	-$1,154,424 -$217,841	$1,855,015
7	$3,388,560	-$1,214,098 -$228,728	$1,945,734
8	$3,558,072	-$1,276,817 -$240,170	$2,041,085
9	$3,735,984	-$1,342,644 -$252,179	$2,141,161
10	$3,922,800	-$1,411,766 -$264,789	$2,246,245
11	$4,118,856	-$1,484,307 -$278,023	$2,356,526
12	$4,324,824	-$1,560,515 -$291,926	$2,472,383
13	$4,541,040	-$1,640,515 -$306,520	$2,594,005
14	$4,768,176	-$1,724,556 -$321,852	$2,721,768
15	$5,006,568	-$1,812,761 -$337,943	$2,855,864
16	$5,256,888	-$1,905,379 -$354,840	$2,996,669
17	$5,519,640	-$2,002,597 -$372,576	$3,144,467
18	$5,795,664	-$2,104,726 -$391,207	$3,299,731
19	$6,085,464	-$2,211,952 -$410,769	$3,462,743
20	$6,389,712	-$2,324,524 -$431,306	$3,633,882
21	$6,709,248	-$2,442,752 -$452,874	$3,813,622
22	$7,044,744	-$2,566,886 -$475,520	$4,002,338
23	$7,396,872	-$2,697,173 -$499,289	$4,200,410
24	$7,766,808	-$2,834,049 -$524,260	$4,408,499
25	$8,155,056	-$2,977,701 -$550,466	$4,626,889
26	$8,562,960	-$3,128,626 -$578,000	$4,856,334
27	$8,991,024	-$3,287,009 -$606,894	$5,097,121
28	$9,440,592	-$3,453,349 -$637,240	$5,350,003
29	$9,912,672	-$3,628,019 -$669,105	$5,615,548
30	$10,408,272	-$3,811,391 -$702,558	$5,894,323