The jackpot for the Powerball draw on Wed May 27, 2026, is projected to be $154 Million, with an option for a cash payout of $67.7 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 May 27, 2026 |
|---|
| Draw Date | Wed May 27, 2026 | | Projected Jackpot | $154,000,000 | | Cash Value | $67,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,700,000 | | Federal Tax(24%) | $16,248,000 | | Additional Federal Tax | $8,761,330 | | State Tax(6.75%) | $4,569,750 | | Net Lumpsum Payment | $38,120,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$156,455 |
$1,343,463 |
| 2 |
$2,433,816 |
$860,842
$164,283 |
$1,408,691 |
| 3 |
$2,555,476 |
$905,857
$172,495 |
$1,477,124 |
| 4 |
$2,683,296 |
$953,150
$181,122 |
$1,549,024 |
| 5 |
$2,817,430 |
$1,002,779
$190,177 |
$1,624,474 |
| 6 |
$2,958,340 |
$1,054,916
$199,688 |
$1,703,736 |
| 7 |
$3,106,180 |
$1,109,617
$209,667 |
$1,786,896 |
| 8 |
$3,261,566 |
$1,167,110
$220,156 |
$1,874,300 |
| 9 |
$3,424,652 |
$1,227,452
$231,164 |
$1,966,036 |
| 10 |
$3,595,900 |
$1,290,813
$242,723 |
$2,062,364 |
| 11 |
$3,775,618 |
$1,357,309
$254,854 |
$2,163,455 |
| 12 |
$3,964,422 |
$1,427,167
$267,598 |
$2,269,657 |
| 13 |
$4,162,620 |
$1,500,500
$280,977 |
$2,381,143 |
| 14 |
$4,370,828 |
$1,577,537
$295,031 |
$2,498,260 |
| 15 |
$4,589,354 |
$1,658,391
$309,781 |
$2,621,182 |
| 16 |
$4,818,814 |
$1,743,292
$325,270 |
$2,750,252 |
| 17 |
$5,059,670 |
$1,832,408
$341,528 |
$2,885,734 |
| 18 |
$5,312,692 |
$1,926,026
$358,607 |
$3,028,059 |
| 19 |
$5,578,342 |
$2,024,317
$376,538 |
$3,177,487 |
| 20 |
$5,857,236 |
$2,127,508
$395,363 |
$3,334,365 |
| 21 |
$6,150,144 |
$2,235,884
$415,135 |
$3,499,125 |
| 22 |
$6,457,682 |
$2,349,673
$435,894 |
$3,672,115 |
| 23 |
$6,780,466 |
$2,469,103
$457,681 |
$3,853,682 |
| 24 |
$7,119,574 |
$2,594,573
$480,571 |
$4,044,430 |
| 25 |
$7,475,468 |
$2,726,254
$504,594 |
$4,244,620 |
| 26 |
$7,849,380 |
$2,864,601
$529,833 |
$4,454,946 |
| 27 |
$8,241,772 |
$3,009,786
$556,320 |
$4,675,666 |
| 28 |
$8,653,876 |
$3,162,265
$584,137 |
$4,907,474 |
| 29 |
$9,086,616 |
$3,322,378
$613,347 |
$5,150,891 |
| 30 |
$9,540,916 |
$3,490,469
$644,012 |
$5,406,435 |
|
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