The jackpot for the Powerball draw on Mon Jun 23, 2025, is projected to be $128 Million, with an option for a cash payout of $57.6 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 Jun 23, 2025 |
|---|
| Draw Date | Mon Jun 23, 2025 | | Projected Jackpot | $128,000,000 | | Cash Value | $57,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $57,600,000 | | Federal Tax(24%) | $13,824,000 | | Additional Federal Tax | $7,448,330 | | State Tax(6.75%) | $3,888,000 | | Net Lumpsum Payment | $32,439,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,926,528 |
$673,146
$130,041 |
$1,123,341 |
| 2 |
$2,022,912 |
$708,808
$136,547 |
$1,177,557 |
| 3 |
$2,124,032 |
$746,222
$143,372 |
$1,234,438 |
| 4 |
$2,230,272 |
$785,531
$150,543 |
$1,294,198 |
| 5 |
$2,341,760 |
$826,782
$158,069 |
$1,356,909 |
| 6 |
$2,458,880 |
$870,116
$165,974 |
$1,422,790 |
| 7 |
$2,581,760 |
$915,582
$174,269 |
$1,491,909 |
| 8 |
$2,710,912 |
$963,368
$182,987 |
$1,564,557 |
| 9 |
$2,846,464 |
$1,013,522
$192,136 |
$1,640,806 |
| 10 |
$2,988,800 |
$1,066,186
$201,744 |
$1,720,870 |
| 11 |
$3,138,176 |
$1,121,456
$211,827 |
$1,804,893 |
| 12 |
$3,295,104 |
$1,179,519
$222,420 |
$1,893,165 |
| 13 |
$3,459,840 |
$1,240,471
$233,539 |
$1,985,830 |
| 14 |
$3,632,896 |
$1,304,502
$245,220 |
$2,083,174 |
| 15 |
$3,814,528 |
$1,371,706
$257,481 |
$2,185,341 |
| 16 |
$4,005,248 |
$1,442,272
$270,354 |
$2,292,622 |
| 17 |
$4,205,440 |
$1,516,343
$283,867 |
$2,405,230 |
| 18 |
$4,415,744 |
$1,594,156
$298,063 |
$2,523,525 |
| 19 |
$4,636,544 |
$1,675,852
$312,967 |
$2,647,725 |
| 20 |
$4,868,352 |
$1,761,621
$328,614 |
$2,778,117 |
| 21 |
$5,111,808 |
$1,851,699
$345,047 |
$2,915,062 |
| 22 |
$5,367,424 |
$1,946,277
$362,301 |
$3,058,846 |
| 23 |
$5,635,712 |
$2,045,544
$380,411 |
$3,209,757 |
| 24 |
$5,917,568 |
$2,149,831
$399,436 |
$3,368,301 |
| 25 |
$6,213,376 |
$2,259,280
$419,403 |
$3,534,693 |
| 26 |
$6,524,160 |
$2,374,270
$440,381 |
$3,709,509 |
| 27 |
$6,850,304 |
$2,494,943
$462,396 |
$3,892,965 |
| 28 |
$7,192,832 |
$2,621,678
$485,516 |
$4,085,638 |
| 29 |
$7,552,512 |
$2,754,760
$509,795 |
$4,287,957 |
| 30 |
$7,930,112 |
$2,894,472
$535,283 |
$4,500,357 |
|
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