The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 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 30, 2025 |
|---|
| Draw Date | Sat Aug 30, 2025 | | Projected Jackpot | $950,000,000 | | Cash Value | $428,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $428,900,000 | | Federal Tax(24%) | $102,936,000 | | Additional Federal Tax | $55,717,330 | | State Tax(6.75%) | $28,950,750 | | Net Lumpsum Payment | $241,295,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,298,450 |
$5,250,757
$965,145 |
$8,082,548 |
| 2 |
$15,013,800 |
$5,515,436
$1,013,432 |
$8,484,932 |
| 3 |
$15,764,300 |
$5,793,121
$1,064,090 |
$8,907,089 |
| 4 |
$16,552,800 |
$6,084,866
$1,117,314 |
$9,350,620 |
| 5 |
$17,380,250 |
$6,391,023
$1,173,167 |
$9,816,060 |
| 6 |
$18,249,500 |
$6,712,645
$1,231,841 |
$10,305,014 |
| 7 |
$19,161,500 |
$7,050,085
$1,293,401 |
$10,818,014 |
| 8 |
$20,120,050 |
$7,404,749
$1,358,103 |
$11,357,198 |
| 9 |
$21,126,100 |
$7,776,987
$1,426,012 |
$11,923,101 |
| 10 |
$22,182,500 |
$8,167,855
$1,497,319 |
$12,517,326 |
| 11 |
$23,291,150 |
$8,578,056
$1,572,153 |
$13,140,941 |
| 12 |
$24,455,850 |
$9,008,995
$1,650,770 |
$13,796,085 |
| 13 |
$25,678,500 |
$9,461,375
$1,733,299 |
$14,483,826 |
| 14 |
$26,962,900 |
$9,936,603
$1,819,996 |
$15,206,301 |
| 15 |
$28,310,950 |
$10,435,382
$1,910,989 |
$15,964,579 |
| 16 |
$29,726,450 |
$10,959,117
$2,006,535 |
$16,760,798 |
| 17 |
$31,212,250 |
$11,508,863
$2,106,827 |
$17,596,560 |
| 18 |
$32,773,100 |
$12,086,377
$2,212,184 |
$18,474,539 |
| 19 |
$34,411,850 |
$12,692,715
$2,322,800 |
$19,396,335 |
| 20 |
$36,132,300 |
$13,329,281
$2,438,930 |
$20,364,089 |
| 21 |
$37,939,200 |
$13,997,834
$2,560,896 |
$21,380,470 |
| 22 |
$39,836,350 |
$14,699,780
$2,688,954 |
$22,447,616 |
| 23 |
$41,827,550 |
$15,436,524
$2,823,360 |
$23,567,666 |
| 24 |
$43,919,450 |
$16,210,527
$2,964,563 |
$24,744,360 |
| 25 |
$46,114,900 |
$17,022,843
$3,112,756 |
$25,979,301 |
| 26 |
$48,421,500 |
$17,876,285
$3,268,451 |
$27,276,764 |
| 27 |
$50,842,100 |
$18,771,907
$3,431,842 |
$28,638,351 |
| 28 |
$53,384,300 |
$19,712,521
$3,603,440 |
$30,068,339 |
| 29 |
$56,053,800 |
$20,700,236
$3,783,632 |
$31,569,932 |
| 30 |
$58,856,300 |
$21,737,161
$3,972,800 |
$33,146,339 |
|
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