The jackpot for the Powerball draw on Mon Mar 9, 2026, is projected to be $46 Million, with an option for a cash payout of $21.2 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 Mon Mar 9, 2026 |
|---|
| Draw Date | Mon Mar 9, 2026 | | Projected Jackpot | $46,000,000 | | Cash Value | $21,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $21,200,000 | | Federal Tax(24%) | $5,088,000 | | Additional Federal Tax | $2,716,330 | | State Tax(6.75%) | $1,431,000 | | Net Lumpsum Payment | $11,964,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$692,346 |
$216,498
$46,733 |
$429,115 |
| 2 |
$726,984 |
$229,314
$49,071 |
$448,599 |
| 3 |
$763,324 |
$242,760
$51,524 |
$469,040 |
| 4 |
$801,504 |
$256,887
$54,102 |
$490,515 |
| 5 |
$841,570 |
$271,711
$56,806 |
$513,053 |
| 6 |
$883,660 |
$287,285
$59,647 |
$536,728 |
| 7 |
$927,820 |
$303,624
$62,628 |
$561,568 |
| 8 |
$974,234 |
$320,797
$65,761 |
$587,676 |
| 9 |
$1,022,948 |
$338,821
$69,049 |
$615,078 |
| 10 |
$1,074,100 |
$357,747
$72,502 |
$643,851 |
| 11 |
$1,127,782 |
$377,610
$76,125 |
$674,047 |
| 12 |
$1,184,178 |
$398,476
$79,932 |
$705,770 |
| 13 |
$1,243,380 |
$420,381
$83,928 |
$739,071 |
| 14 |
$1,305,572 |
$443,392
$88,126 |
$774,054 |
| 15 |
$1,370,846 |
$467,543
$92,532 |
$810,771 |
| 16 |
$1,439,386 |
$492,903
$97,159 |
$849,324 |
| 17 |
$1,511,330 |
$519,522
$102,015 |
$889,793 |
| 18 |
$1,586,908 |
$547,486
$107,116 |
$932,306 |
| 19 |
$1,666,258 |
$576,846
$112,472 |
$976,940 |
| 20 |
$1,749,564 |
$607,669
$118,096 |
$1,023,799 |
| 21 |
$1,837,056 |
$640,041
$124,001 |
$1,073,014 |
| 22 |
$1,928,918 |
$674,030
$130,202 |
$1,124,686 |
| 23 |
$2,025,334 |
$709,704
$136,710 |
$1,178,920 |
| 24 |
$2,126,626 |
$747,182
$143,547 |
$1,235,897 |
| 25 |
$2,232,932 |
$786,515
$150,723 |
$1,295,694 |
| 26 |
$2,344,620 |
$827,840
$158,262 |
$1,358,518 |
| 27 |
$2,461,828 |
$871,207
$166,173 |
$1,424,448 |
| 28 |
$2,584,924 |
$916,752
$174,482 |
$1,493,690 |
| 29 |
$2,714,184 |
$964,578
$183,207 |
$1,566,399 |
| 30 |
$2,849,884 |
$1,014,787
$192,367 |
$1,642,730 |
|
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