Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 24, 2026 is estimated to be $81 Million, with a cash option of 34.8 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 Aug 24, 2026

Draw Date	Jackpot	Cash Option
Mon Aug 24, 2026	$81,000,000	$34,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,800,000
Federal Tax(24%)	$8,352,000
Additional Federal Tax	$4,484,330
State Tax(6.75%)	$2,349,000
Net Lumpsum Payment	$19,614,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,219,131	-$411,409 -$82,291	$725,431
2	$1,280,124	-$433,976 -$86,408	$759,740
3	$1,344,114	-$457,653 -$90,728	$795,733
4	$1,411,344	-$482,528 -$95,266	$833,550
5	$1,481,895	-$508,632 -$100,028	$873,235
6	$1,556,010	-$536,054 -$105,031	$914,925
7	$1,633,770	-$564,825 -$110,279	$958,666
8	$1,715,499	-$595,065 -$115,796	$1,004,638
9	$1,801,278	-$626,803 -$121,586	$1,052,889
10	$1,891,350	-$660,130 -$127,666	$1,103,554
11	$1,985,877	-$695,105 -$134,047	$1,156,725
12	$2,085,183	-$731,848 -$140,750	$1,212,585
13	$2,189,430	-$770,419 -$147,787	$1,271,224
14	$2,298,942	-$810,939 -$155,179	$1,332,824
15	$2,413,881	-$853,466 -$162,937	$1,397,478
16	$2,534,571	-$898,122 -$171,084	$1,465,365
17	$2,661,255	-$944,995 -$179,635	$1,536,625
18	$2,794,338	-$994,235 -$188,618	$1,611,485
19	$2,934,063	-$1,045,934 -$198,049	$1,690,080
20	$3,080,754	-$1,100,209 -$207,951	$1,772,594
21	$3,234,816	-$1,157,212 -$218,350	$1,859,254
22	$3,396,573	-$1,217,062 -$229,269	$1,950,242
23	$3,566,349	-$1,279,880 -$240,729	$2,045,740
24	$3,744,711	-$1,345,873 -$252,768	$2,146,070
25	$3,931,902	-$1,415,134 -$265,403	$2,251,365
26	$4,128,570	-$1,487,901 -$278,678	$2,361,991
27	$4,334,958	-$1,564,265 -$292,610	$2,478,083
28	$4,551,714	-$1,644,465 -$307,241	$2,600,008
29	$4,779,324	-$1,728,680 -$322,604	$2,728,040
30	$5,018,274	-$1,817,092 -$338,733	$2,862,449