The jackpot for the Powerball draw on Mon Jul 27, 2026, is projected to be $633 Million, with an option for a cash payout of $277.3 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 Jul 27, 2026 |
|---|
| Draw Date | Mon Jul 27, 2026 | | Projected Jackpot | $633,000,000 | | Cash Value | $277,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $277,300,000 | | Federal Tax(24%) | $66,552,000 | | Additional Federal Tax | $36,009,330 | | State Tax(6.75%) | $18,717,750 | | Net Lumpsum Payment | $156,020,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,527,283 |
$3,485,425
$643,092 |
$5,398,766 |
| 2 |
$10,003,932 |
$3,661,785
$675,265 |
$5,666,882 |
| 3 |
$10,504,002 |
$3,846,811
$709,020 |
$5,948,171 |
| 4 |
$11,029,392 |
$4,041,205
$744,484 |
$6,243,703 |
| 5 |
$11,580,735 |
$4,245,202
$781,700 |
$6,553,833 |
| 6 |
$12,159,930 |
$4,459,504
$820,795 |
$6,879,631 |
| 7 |
$12,767,610 |
$4,684,346
$861,814 |
$7,221,450 |
| 8 |
$13,406,307 |
$4,920,664
$904,926 |
$7,580,717 |
| 9 |
$14,076,654 |
$5,168,692
$950,174 |
$7,957,788 |
| 10 |
$14,780,550 |
$5,429,134
$997,687 |
$8,353,729 |
| 11 |
$15,519,261 |
$5,702,457
$1,047,550 |
$8,769,254 |
| 12 |
$16,295,319 |
$5,989,598
$1,099,934 |
$9,205,787 |
| 13 |
$17,109,990 |
$6,291,027
$1,154,924 |
$9,664,039 |
| 14 |
$17,965,806 |
$6,607,679
$1,212,692 |
$10,145,435 |
| 15 |
$18,864,033 |
$6,940,023
$1,273,322 |
$10,650,688 |
| 16 |
$19,807,203 |
$7,288,995
$1,336,986 |
$11,181,222 |
| 17 |
$20,797,215 |
$7,655,300
$1,403,812 |
$11,738,103 |
| 18 |
$21,837,234 |
$8,040,107
$1,474,013 |
$12,323,114 |
| 19 |
$22,929,159 |
$8,444,119
$1,547,718 |
$12,937,322 |
| 20 |
$24,075,522 |
$8,868,274
$1,625,098 |
$13,582,150 |
| 21 |
$25,279,488 |
$9,313,741
$1,706,365 |
$14,259,382 |
| 22 |
$26,543,589 |
$9,781,458
$1,791,692 |
$14,970,439 |
| 23 |
$27,870,357 |
$10,272,362
$1,881,249 |
$15,716,746 |
| 24 |
$29,264,223 |
$10,788,093
$1,975,335 |
$16,500,795 |
| 25 |
$30,727,086 |
$11,329,352
$2,074,078 |
$17,323,656 |
| 26 |
$32,264,010 |
$11,898,014
$2,177,821 |
$18,188,175 |
| 27 |
$33,876,894 |
$12,494,781
$2,286,690 |
$19,095,423 |
| 28 |
$35,570,802 |
$13,121,527
$2,401,029 |
$20,048,246 |
| 29 |
$37,349,532 |
$13,779,657
$2,521,093 |
$21,048,782 |
| 30 |
$39,216,882 |
$14,470,577
$2,647,140 |
$22,099,165 |
|
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