The jackpot for the Powerball draw on Wed Mar 12, 2025, is projected to be $353 Million, with an option for a cash payout of $165.7 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 Mar 12, 2025 |
|---|
| Draw Date | Wed Mar 12, 2025 | | Projected Jackpot | $353,000,000 | | Cash Value | $165,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $165,700,000 | | Federal Tax(24%) | $39,768,000 | | Additional Federal Tax | $21,501,330 | | State Tax(6.75%) | $11,184,750 | | Net Lumpsum Payment | $93,245,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,313,003 |
$1,926,141
$358,628 |
$3,028,234 |
| 2 |
$5,578,812 |
$2,024,491
$376,570 |
$3,177,751 |
| 3 |
$5,857,682 |
$2,127,673
$395,394 |
$3,334,615 |
| 4 |
$6,150,672 |
$2,236,079
$415,170 |
$3,499,423 |
| 5 |
$6,458,135 |
$2,349,840
$435,924 |
$3,672,371 |
| 6 |
$6,781,130 |
$2,469,348
$457,726 |
$3,854,056 |
| 7 |
$7,120,010 |
$2,594,734
$480,601 |
$4,044,675 |
| 8 |
$7,476,187 |
$2,726,520
$504,643 |
$4,245,024 |
| 9 |
$7,850,014 |
$2,864,836
$529,876 |
$4,455,302 |
| 10 |
$8,242,550 |
$3,010,074
$556,372 |
$4,676,104 |
| 11 |
$8,654,501 |
$3,162,496
$584,179 |
$4,907,826 |
| 12 |
$9,087,279 |
$3,322,624
$613,391 |
$5,151,264 |
| 13 |
$9,541,590 |
$3,490,719
$644,057 |
$5,406,814 |
| 14 |
$10,018,846 |
$3,667,303
$676,272 |
$5,675,271 |
| 15 |
$10,519,753 |
$3,852,639
$710,083 |
$5,957,031 |
| 16 |
$11,045,723 |
$4,047,248
$745,586 |
$6,252,889 |
| 17 |
$11,597,815 |
$4,251,522
$782,853 |
$6,563,440 |
| 18 |
$12,177,794 |
$4,466,114
$822,001 |
$6,889,679 |
| 19 |
$12,786,719 |
$4,691,416
$863,104 |
$7,232,199 |
| 20 |
$13,426,002 |
$4,927,951
$906,255 |
$7,591,796 |
| 21 |
$14,097,408 |
$5,176,371
$951,575 |
$7,969,462 |
| 22 |
$14,802,349 |
$5,437,200
$999,159 |
$8,365,990 |
| 23 |
$15,542,237 |
$5,710,958
$1,049,101 |
$8,782,178 |
| 24 |
$16,319,543 |
$5,998,561
$1,101,569 |
$9,219,413 |
| 25 |
$17,135,326 |
$6,300,401
$1,156,635 |
$9,678,290 |
| 26 |
$17,992,410 |
$6,617,522
$1,214,488 |
$10,160,400 |
| 27 |
$18,891,854 |
$6,950,316
$1,275,200 |
$10,666,338 |
| 28 |
$19,836,482 |
$7,299,829
$1,338,963 |
$11,197,690 |
| 29 |
$20,828,412 |
$7,666,843
$1,405,918 |
$11,755,651 |
| 30 |
$21,869,762 |
$8,052,142
$1,476,209 |
$12,341,411 |
|
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