The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Montana residents, the state will deduct 6.75% from your lottery earnings.
| Montana Powerball Jackpot/Cash Option for Sat Apr 26, 2025 |
|---|
| Draw Date | Sat Apr 26, 2025 | | Projected Jackpot | $168,000,000 | | Cash Value | $77,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
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 |
|
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