The jackpot for the Powerball draw on Wed Jul 2, 2025, is projected to be $174 Million, with an option for a cash payout of $79.7 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 Wed Jul 2, 2025 |
|---|
| Draw Date | Wed Jul 2, 2025 | | Projected Jackpot | $174,000,000 | | Cash Value | $79,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,700,000 | | Federal Tax(24%) | $19,128,000 | | Additional Federal Tax | $10,321,330 | | State Tax(6.75%) | $5,379,750 | | Net Lumpsum Payment | $44,870,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,618,874 |
$929,314
$176,774 |
$1,512,786 |
| 2 |
$2,749,896 |
$977,792
$185,618 |
$1,586,486 |
| 3 |
$2,887,356 |
$1,028,652
$194,897 |
$1,663,807 |
| 4 |
$3,031,776 |
$1,082,088
$204,645 |
$1,745,043 |
| 5 |
$3,183,330 |
$1,138,162
$214,875 |
$1,830,293 |
| 6 |
$3,342,540 |
$1,197,070
$225,621 |
$1,919,849 |
| 7 |
$3,509,580 |
$1,258,875
$236,897 |
$2,013,808 |
| 8 |
$3,685,146 |
$1,323,834
$248,747 |
$2,112,565 |
| 9 |
$3,869,412 |
$1,392,013
$261,185 |
$2,216,214 |
| 10 |
$4,062,900 |
$1,463,603
$274,246 |
$2,325,051 |
| 11 |
$4,265,958 |
$1,538,735
$287,952 |
$2,439,271 |
| 12 |
$4,479,282 |
$1,617,665
$302,352 |
$2,559,265 |
| 13 |
$4,703,220 |
$1,700,522
$317,467 |
$2,685,231 |
| 14 |
$4,938,468 |
$1,787,564
$333,347 |
$2,817,557 |
| 15 |
$5,185,374 |
$1,878,919
$350,013 |
$2,956,442 |
| 16 |
$5,444,634 |
$1,974,845
$367,513 |
$3,102,276 |
| 17 |
$5,716,770 |
$2,075,535
$385,882 |
$3,255,353 |
| 18 |
$6,002,652 |
$2,181,312
$405,179 |
$3,416,161 |
| 19 |
$6,302,802 |
$2,292,367
$425,439 |
$3,584,996 |
| 20 |
$6,617,916 |
$2,408,959
$446,709 |
$3,762,248 |
| 21 |
$6,948,864 |
$2,531,410
$469,048 |
$3,948,406 |
| 22 |
$7,296,342 |
$2,659,977
$492,503 |
$4,143,862 |
| 23 |
$7,661,046 |
$2,794,917
$517,121 |
$4,349,008 |
| 24 |
$8,044,194 |
$2,936,682
$542,983 |
$4,564,529 |
| 25 |
$8,446,308 |
$3,085,464
$570,126 |
$4,790,718 |
| 26 |
$8,868,780 |
$3,241,779
$598,643 |
$5,028,358 |
| 27 |
$9,312,132 |
$3,405,819
$628,569 |
$5,277,744 |
| 28 |
$9,777,756 |
$3,578,100
$659,999 |
$5,539,657 |
| 29 |
$10,266,696 |
$3,759,008
$693,002 |
$5,814,686 |
| 30 |
$10,779,996 |
$3,948,929
$727,650 |
$6,103,417 |
|
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