The jackpot for the Powerball draw on Sat Aug 2, 2025, is projected to be $410 Million, with an option for a cash payout of $184.9 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 Aug 2, 2025 |
|---|
| Draw Date | Sat Aug 2, 2025 | | Projected Jackpot | $410,000,000 | | Cash Value | $184,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $184,900,000 | | Federal Tax(24%) | $44,376,000 | | Additional Federal Tax | $23,997,330 | | State Tax(6.75%) | $12,480,750 | | Net Lumpsum Payment | $104,045,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,170,910 |
$2,243,567
$416,536 |
$3,510,807 |
| 2 |
$6,479,640 |
$2,357,797
$437,376 |
$3,684,467 |
| 3 |
$6,803,540 |
$2,477,640
$459,239 |
$3,866,661 |
| 4 |
$7,143,840 |
$2,603,551
$482,209 |
$4,058,080 |
| 5 |
$7,500,950 |
$2,735,682
$506,314 |
$4,258,954 |
| 6 |
$7,876,100 |
$2,874,487
$531,637 |
$4,469,976 |
| 7 |
$8,269,700 |
$3,020,119
$558,205 |
$4,691,376 |
| 8 |
$8,683,390 |
$3,173,185
$586,129 |
$4,924,076 |
| 9 |
$9,117,580 |
$3,333,835
$615,437 |
$5,168,308 |
| 10 |
$9,573,500 |
$3,502,525
$646,211 |
$5,424,764 |
| 11 |
$10,051,970 |
$3,679,559
$678,508 |
$5,693,903 |
| 12 |
$10,554,630 |
$3,865,543
$712,438 |
$5,976,649 |
| 13 |
$11,082,300 |
$4,060,781
$748,055 |
$6,273,464 |
| 14 |
$11,636,620 |
$4,265,880
$785,472 |
$6,585,268 |
| 15 |
$12,218,410 |
$4,481,142
$824,743 |
$6,912,525 |
| 16 |
$12,829,310 |
$4,707,175
$865,978 |
$7,256,157 |
| 17 |
$13,470,550 |
$4,944,434
$909,262 |
$7,616,854 |
| 18 |
$14,144,180 |
$5,193,677
$954,732 |
$7,995,771 |
| 19 |
$14,851,430 |
$5,455,359
$1,002,472 |
$8,393,599 |
| 20 |
$15,593,940 |
$5,730,088
$1,052,591 |
$8,811,261 |
| 21 |
$16,373,760 |
$6,018,622
$1,105,229 |
$9,249,909 |
| 22 |
$17,192,530 |
$6,321,566
$1,160,496 |
$9,710,468 |
| 23 |
$18,051,890 |
$6,639,530
$1,218,503 |
$10,193,857 |
| 24 |
$18,954,710 |
$6,973,573
$1,279,443 |
$10,701,694 |
| 25 |
$19,902,220 |
$7,324,152
$1,343,400 |
$11,234,668 |
| 26 |
$20,897,700 |
$7,692,479
$1,410,595 |
$11,794,626 |
| 27 |
$21,942,380 |
$8,079,011
$1,481,111 |
$12,382,258 |
| 28 |
$23,039,540 |
$8,484,960
$1,555,169 |
$12,999,411 |
| 29 |
$24,191,640 |
$8,911,237
$1,632,936 |
$13,647,467 |
| 30 |
$25,401,140 |
$9,358,752
$1,714,577 |
$14,327,811 |
|
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