The jackpot for the Powerball draw on Wed Jan 21, 2026, is projected to be $209 Million, with an option for a cash payout of $95.2 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 Jan 21, 2026 |
|---|
| Draw Date | Wed Jan 21, 2026 | | Projected Jackpot | $209,000,000 | | Cash Value | $95,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $95,200,000 | | Federal Tax(24%) | $22,848,000 | | Additional Federal Tax | $12,336,330 | | State Tax(6.75%) | $6,426,000 | | Net Lumpsum Payment | $53,589,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,145,659 |
$1,124,224
$212,332 |
$1,809,103 |
| 2 |
$3,303,036 |
$1,182,454
$222,955 |
$1,897,627 |
| 3 |
$3,468,146 |
$1,243,544
$234,100 |
$1,990,502 |
| 4 |
$3,641,616 |
$1,307,728
$245,809 |
$2,088,079 |
| 5 |
$3,823,655 |
$1,375,083
$258,097 |
$2,190,475 |
| 6 |
$4,014,890 |
$1,445,840
$271,005 |
$2,298,045 |
| 7 |
$4,215,530 |
$1,520,076
$284,548 |
$2,410,906 |
| 8 |
$4,426,411 |
$1,598,102
$298,783 |
$2,529,526 |
| 9 |
$4,647,742 |
$1,679,995
$313,723 |
$2,654,024 |
| 10 |
$4,880,150 |
$1,765,986
$329,410 |
$2,784,754 |
| 11 |
$5,124,053 |
$1,856,230
$345,874 |
$2,921,949 |
| 12 |
$5,380,287 |
$1,951,037
$363,169 |
$3,066,081 |
| 13 |
$5,649,270 |
$2,050,560
$381,326 |
$3,217,384 |
| 14 |
$5,931,838 |
$2,155,110
$400,399 |
$3,376,329 |
| 15 |
$6,228,409 |
$2,264,842
$420,418 |
$3,543,149 |
| 16 |
$6,539,819 |
$2,380,063
$441,438 |
$3,718,318 |
| 17 |
$6,866,695 |
$2,501,008
$463,502 |
$3,902,185 |
| 18 |
$7,210,082 |
$2,628,061
$486,681 |
$4,095,340 |
| 19 |
$7,570,607 |
$2,761,455
$511,016 |
$4,298,136 |
| 20 |
$7,949,106 |
$2,901,500
$536,565 |
$4,511,041 |
| 21 |
$8,346,624 |
$3,048,581
$563,397 |
$4,734,646 |
| 22 |
$8,763,997 |
$3,203,009
$591,570 |
$4,969,418 |
| 23 |
$9,202,061 |
$3,365,093
$621,139 |
$5,215,829 |
| 24 |
$9,662,279 |
$3,535,374
$652,204 |
$5,474,701 |
| 25 |
$10,145,278 |
$3,714,083
$684,806 |
$5,746,389 |
| 26 |
$10,652,730 |
$3,901,840
$719,059 |
$6,031,831 |
| 27 |
$11,185,262 |
$4,098,877
$755,005 |
$6,331,380 |
| 28 |
$11,744,546 |
$4,305,812
$792,757 |
$6,645,977 |
| 29 |
$12,331,836 |
$4,523,110
$832,399 |
$6,976,327 |
| 30 |
$12,948,386 |
$4,751,233
$874,016 |
$7,323,137 |
|
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