Montana Lottery

MTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 13, 2025 is estimated to be $258 Million, with a cash option of 120.8 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 Oct 13, 2025

Draw Date	Jackpot	Cash Option
Mon Oct 13, 2025	$258,000,000	$120,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,800,000
Federal Tax(24%)	$28,992,000
Additional Federal Tax	$15,664,330
State Tax(6.75%)	$8,154,000
Net Lumpsum Payment	$67,989,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,883,158	-$1,397,099 -$262,113	$2,223,946
2	$4,077,432	-$1,468,980 -$275,227	$2,333,225
3	$4,281,252	-$1,544,394 -$288,985	$2,447,873
4	$4,495,392	-$1,623,625 -$303,439	$2,568,328
5	$4,720,110	-$1,706,771 -$318,607	$2,694,732
6	$4,956,180	-$1,794,117 -$334,542	$2,827,521
7	$5,203,860	-$1,885,759 -$351,261	$2,966,840
8	$5,464,182	-$1,982,078 -$368,832	$3,113,272
9	$5,737,404	-$2,083,170 -$387,275	$3,266,959
10	$6,024,300	-$2,189,321 -$406,640	$3,428,339
11	$6,325,386	-$2,300,723 -$426,964	$3,597,699
12	$6,641,694	-$2,417,757 -$448,314	$3,775,623
13	$6,973,740	-$2,540,614 -$470,727	$3,962,399
14	$7,322,556	-$2,669,676 -$494,273	$4,158,607
15	$7,688,658	-$2,805,134 -$518,984	$4,364,540
16	$8,073,078	-$2,947,369 -$544,933	$4,580,776
17	$8,476,590	-$3,096,669 -$572,170	$4,807,751
18	$8,900,484	-$3,253,509 -$600,783	$5,046,192
19	$9,345,534	-$3,418,178 -$630,824	$5,296,532
20	$9,812,772	-$3,591,056 -$662,362	$5,559,354
21	$10,303,488	-$3,772,621 -$695,485	$5,835,382
22	$10,818,714	-$3,963,255 -$730,263	$6,125,196
23	$11,359,482	-$4,163,339 -$766,765	$6,429,378
24	$11,927,598	-$4,373,542 -$805,113	$6,748,943
25	$12,523,836	-$4,594,150 -$845,359	$7,084,327
26	$13,150,260	-$4,825,927 -$887,643	$7,436,690
27	$13,807,644	-$5,069,159 -$932,016	$7,806,469
28	$14,498,052	-$5,324,610 -$978,619	$8,194,823
29	$15,223,032	-$5,592,852 -$1,027,555	$8,602,625
30	$15,984,132	-$5,874,459 -$1,078,929	$9,030,744