The jackpot for the Powerball draw on Sat Apr 5, 2025, is projected to be $47 Million, with an option for a cash payout of $21.8 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 5, 2025 |
|---|
| Draw Date | Sat Apr 5, 2025 | | Projected Jackpot | $47,000,000 | | Cash Value | $21,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $21,800,000 | | Federal Tax(24%) | $5,232,000 | | Additional Federal Tax | $2,794,330 | | State Tax(6.75%) | $1,471,500 | | Net Lumpsum Payment | $12,302,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$707,397 |
$222,067
$47,749 |
$437,581 |
| 2 |
$742,788 |
$235,162
$50,138 |
$457,488 |
| 3 |
$779,918 |
$248,900
$52,644 |
$478,374 |
| 4 |
$818,928 |
$263,334
$55,278 |
$500,316 |
| 5 |
$859,865 |
$278,480
$58,041 |
$523,344 |
| 6 |
$902,870 |
$294,392
$60,944 |
$547,534 |
| 7 |
$947,990 |
$311,087
$63,989 |
$572,914 |
| 8 |
$995,413 |
$328,633
$67,190 |
$599,590 |
| 9 |
$1,045,186 |
$347,049
$70,550 |
$627,587 |
| 10 |
$1,097,450 |
$366,387
$74,078 |
$656,985 |
| 11 |
$1,152,299 |
$386,681
$77,780 |
$687,838 |
| 12 |
$1,209,921 |
$408,001
$81,670 |
$720,250 |
| 13 |
$1,270,410 |
$430,382
$85,753 |
$754,275 |
| 14 |
$1,333,954 |
$453,893
$90,042 |
$790,019 |
| 15 |
$1,400,647 |
$478,570
$94,544 |
$827,533 |
| 16 |
$1,470,677 |
$504,481
$99,271 |
$866,925 |
| 17 |
$1,544,185 |
$531,679
$104,232 |
$908,274 |
| 18 |
$1,621,406 |
$560,251
$109,445 |
$951,710 |
| 19 |
$1,702,481 |
$590,248
$114,917 |
$997,316 |
| 20 |
$1,787,598 |
$621,742
$120,663 |
$1,045,193 |
| 21 |
$1,876,992 |
$654,817
$126,697 |
$1,095,478 |
| 22 |
$1,970,851 |
$689,545
$133,032 |
$1,148,274 |
| 23 |
$2,069,363 |
$725,995
$139,682 |
$1,203,686 |
| 24 |
$2,172,857 |
$764,287
$146,668 |
$1,261,902 |
| 25 |
$2,281,474 |
$804,476
$153,999 |
$1,322,999 |
| 26 |
$2,395,590 |
$846,699
$161,702 |
$1,387,189 |
| 27 |
$2,515,346 |
$891,008
$169,786 |
$1,454,552 |
| 28 |
$2,641,118 |
$937,544
$178,275 |
$1,525,299 |
| 29 |
$2,773,188 |
$986,410
$187,190 |
$1,599,588 |
| 30 |
$2,911,838 |
$1,037,710
$196,549 |
$1,677,579 |
|
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