The jackpot for the Powerball draw on Sat May 3, 2025, is projected to be $44 Million, with an option for a cash payout of $20.3 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 Sat May 3, 2025 |
|---|
| Draw Date | Sat May 3, 2025 | | Projected Jackpot | $44,000,000 | | Cash Value | $20,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,300,000 | | Federal Tax(24%) | $4,872,000 | | Additional Federal Tax | $2,599,330 | | State Tax(6.75%) | $1,370,250 | | Net Lumpsum Payment | $11,458,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$662,244 |
$205,361
$44,701 |
$412,182 |
| 2 |
$695,376 |
$217,620
$46,938 |
$430,818 |
| 3 |
$730,136 |
$230,481
$49,284 |
$450,371 |
| 4 |
$766,656 |
$243,993
$51,749 |
$470,914 |
| 5 |
$804,980 |
$258,173
$54,336 |
$492,471 |
| 6 |
$845,240 |
$273,069
$57,054 |
$515,117 |
| 7 |
$887,480 |
$288,698
$59,905 |
$538,877 |
| 8 |
$931,876 |
$305,125
$62,902 |
$563,849 |
| 9 |
$978,472 |
$322,365
$66,047 |
$590,060 |
| 10 |
$1,027,400 |
$340,468
$69,350 |
$617,582 |
| 11 |
$1,078,748 |
$359,467
$72,815 |
$646,466 |
| 12 |
$1,132,692 |
$379,426
$76,457 |
$676,809 |
| 13 |
$1,189,320 |
$400,379
$80,279 |
$708,662 |
| 14 |
$1,248,808 |
$422,389
$84,295 |
$742,124 |
| 15 |
$1,311,244 |
$445,491
$88,509 |
$777,244 |
| 16 |
$1,376,804 |
$469,748
$92,934 |
$814,122 |
| 17 |
$1,445,620 |
$495,210
$97,579 |
$852,831 |
| 18 |
$1,517,912 |
$521,958
$102,459 |
$893,495 |
| 19 |
$1,593,812 |
$550,041
$107,582 |
$936,189 |
| 20 |
$1,673,496 |
$579,524
$112,961 |
$981,011 |
| 21 |
$1,757,184 |
$610,488
$118,610 |
$1,028,086 |
| 22 |
$1,845,052 |
$643,000
$124,541 |
$1,077,511 |
| 23 |
$1,937,276 |
$677,123
$130,766 |
$1,129,387 |
| 24 |
$2,034,164 |
$712,971
$137,306 |
$1,183,887 |
| 25 |
$2,135,848 |
$750,594
$144,170 |
$1,241,084 |
| 26 |
$2,242,680 |
$790,122
$151,381 |
$1,301,177 |
| 27 |
$2,354,792 |
$831,603
$158,948 |
$1,364,241 |
| 28 |
$2,472,536 |
$875,169
$166,896 |
$1,430,471 |
| 29 |
$2,596,176 |
$920,916
$175,242 |
$1,500,018 |
| 30 |
$2,725,976 |
$968,942
$184,003 |
$1,573,031 |
|
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