The jackpot for the Powerball draw on Mon Aug 4, 2025, is projected to be $426 Million, with an option for a cash payout of $193.5 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 Aug 4, 2025 |
|---|
| Draw Date | Mon Aug 4, 2025 | | Projected Jackpot | $426,000,000 | | Cash Value | $193,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $193,500,000 | | Federal Tax(24%) | $46,440,000 | | Additional Federal Tax | $25,115,330 | | State Tax(6.75%) | $13,061,250 | | Net Lumpsum Payment | $108,883,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,411,726 |
$2,332,669
$432,792 |
$3,646,265 |
| 2 |
$6,732,504 |
$2,451,357
$454,444 |
$3,826,703 |
| 3 |
$7,069,044 |
$2,575,877
$477,160 |
$4,016,007 |
| 4 |
$7,422,624 |
$2,706,701
$501,027 |
$4,214,896 |
| 5 |
$7,793,670 |
$2,843,988
$526,073 |
$4,423,609 |
| 6 |
$8,183,460 |
$2,988,211
$552,384 |
$4,642,865 |
| 7 |
$8,592,420 |
$3,139,526
$579,988 |
$4,872,906 |
| 8 |
$9,022,254 |
$3,298,564
$609,002 |
$5,114,688 |
| 9 |
$9,473,388 |
$3,465,484
$639,454 |
$5,368,450 |
| 10 |
$9,947,100 |
$3,640,757
$671,429 |
$5,634,914 |
| 11 |
$10,444,242 |
$3,824,700
$704,986 |
$5,914,556 |
| 12 |
$10,966,518 |
$4,017,942
$740,240 |
$6,208,336 |
| 13 |
$11,514,780 |
$4,220,799
$777,248 |
$6,516,733 |
| 14 |
$12,090,732 |
$4,433,901
$816,124 |
$6,840,707 |
| 15 |
$12,695,226 |
$4,657,564
$856,928 |
$7,180,734 |
| 16 |
$13,329,966 |
$4,892,418
$899,773 |
$7,537,775 |
| 17 |
$13,996,230 |
$5,138,935
$944,746 |
$7,912,549 |
| 18 |
$14,696,148 |
$5,397,905
$991,990 |
$8,306,253 |
| 19 |
$15,430,998 |
$5,669,800
$1,041,592 |
$8,719,606 |
| 20 |
$16,202,484 |
$5,955,249
$1,093,668 |
$9,153,567 |
| 21 |
$17,012,736 |
$6,255,043
$1,148,360 |
$9,609,333 |
| 22 |
$17,863,458 |
$6,569,810
$1,205,783 |
$10,087,865 |
| 23 |
$18,756,354 |
$6,900,181
$1,266,054 |
$10,590,119 |
| 24 |
$19,694,406 |
$7,247,261
$1,329,372 |
$11,117,773 |
| 25 |
$20,678,892 |
$7,611,520
$1,395,825 |
$11,671,547 |
| 26 |
$21,713,220 |
$7,994,222
$1,465,642 |
$12,253,356 |
| 27 |
$22,798,668 |
$8,395,838
$1,538,910 |
$12,863,920 |
| 28 |
$23,938,644 |
$8,817,629
$1,615,858 |
$13,505,157 |
| 29 |
$25,135,704 |
$9,260,541
$1,696,660 |
$14,178,503 |
| 30 |
$26,392,404 |
$9,725,520
$1,781,487 |
$14,885,397 |
|
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