The jackpot for the Powerball draw on Mon Sep 21, 2026, is projected to be $313 Million, with an option for a cash payout of $133.6 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 Mon Sep 21, 2026 |
|---|
| Draw Date | Mon Sep 21, 2026 | | Projected Jackpot | $313,000,000 | | Cash Value | $133,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $133,600,000 | | Federal Tax(24%) | $32,064,000 | | Additional Federal Tax | $17,328,330 | | State Tax(6.75%) | $9,018,000 | | Net Lumpsum Payment | $75,189,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$317,990 |
$2,689,586 |
| 2 |
$4,946,652 |
$1,790,592
$333,899 |
$2,822,161 |
| 3 |
$5,193,922 |
$1,882,082
$350,590 |
$2,961,250 |
| 4 |
$5,453,712 |
$1,978,204
$368,126 |
$3,107,382 |
| 5 |
$5,726,335 |
$2,079,074
$386,528 |
$3,260,733 |
| 6 |
$6,012,730 |
$2,185,040
$405,859 |
$3,421,831 |
| 7 |
$6,313,210 |
$2,296,218
$426,142 |
$3,590,850 |
| 8 |
$6,629,027 |
$2,413,070
$447,459 |
$3,768,498 |
| 9 |
$6,960,494 |
$2,535,713
$469,833 |
$3,954,948 |
| 10 |
$7,308,550 |
$2,664,494
$493,327 |
$4,150,729 |
| 11 |
$7,673,821 |
$2,799,644
$517,983 |
$4,356,194 |
| 12 |
$8,057,559 |
$2,941,627
$543,885 |
$4,572,047 |
| 13 |
$8,460,390 |
$3,090,675
$571,076 |
$4,798,639 |
| 14 |
$8,883,566 |
$3,247,250
$599,641 |
$5,036,675 |
| 15 |
$9,327,713 |
$3,411,584
$629,621 |
$5,286,508 |
| 16 |
$9,794,083 |
$3,584,141
$661,101 |
$5,548,841 |
| 17 |
$10,283,615 |
$3,765,268
$694,144 |
$5,824,203 |
| 18 |
$10,797,874 |
$3,955,544
$728,856 |
$6,113,474 |
| 19 |
$11,337,799 |
$4,155,316
$765,301 |
$6,417,182 |
| 20 |
$11,904,642 |
$4,365,048
$803,563 |
$6,736,031 |
| 21 |
$12,499,968 |
$4,585,319
$843,748 |
$7,070,901 |
| 22 |
$13,125,029 |
$4,816,591
$885,939 |
$7,422,499 |
| 23 |
$13,781,077 |
$5,059,329
$930,223 |
$7,791,525 |
| 24 |
$14,470,303 |
$5,314,342
$976,745 |
$8,179,216 |
| 25 |
$15,193,646 |
$5,581,979
$1,025,571 |
$8,586,096 |
| 26 |
$15,953,610 |
$5,863,166
$1,076,869 |
$9,013,575 |
| 27 |
$16,751,134 |
$6,158,250
$1,130,702 |
$9,462,182 |
| 28 |
$17,588,722 |
$6,468,158
$1,187,239 |
$9,933,325 |
| 29 |
$18,468,252 |
$6,793,584
$1,246,607 |
$10,428,061 |
| 30 |
$19,391,602 |
$7,135,223
$1,308,933 |
$10,947,446 |
|
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