The jackpot for the Powerball draw on Sat Aug 16, 2025, is projected to be $565 Million, with an option for a cash payout of $258.8 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 Aug 16, 2025 |
|---|
| Draw Date | Sat Aug 16, 2025 | | Projected Jackpot | $565,000,000 | | Cash Value | $258,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $258,800,000 | | Federal Tax(24%) | $62,112,000 | | Additional Federal Tax | $33,604,330 | | State Tax(6.75%) | $17,469,000 | | Net Lumpsum Payment | $145,614,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,503,815 |
$3,106,742
$574,008 |
$4,823,065 |
| 2 |
$8,929,260 |
$3,264,157
$602,725 |
$5,062,378 |
| 3 |
$9,375,610 |
$3,429,306
$632,854 |
$5,313,450 |
| 4 |
$9,844,560 |
$3,602,818
$664,508 |
$5,577,234 |
| 5 |
$10,336,675 |
$3,784,900
$697,726 |
$5,854,049 |
| 6 |
$10,853,650 |
$3,976,181
$732,621 |
$6,144,848 |
| 7 |
$11,396,050 |
$4,176,869
$769,233 |
$6,449,948 |
| 8 |
$11,966,135 |
$4,387,800
$807,714 |
$6,770,621 |
| 9 |
$12,564,470 |
$4,609,184
$848,102 |
$7,107,184 |
| 10 |
$13,192,750 |
$4,841,648
$890,511 |
$7,460,591 |
| 11 |
$13,852,105 |
$5,085,609
$935,017 |
$7,831,479 |
| 12 |
$14,544,795 |
$5,341,905
$981,774 |
$8,221,116 |
| 13 |
$15,271,950 |
$5,610,952
$1,030,857 |
$8,630,141 |
| 14 |
$16,035,830 |
$5,893,587
$1,082,419 |
$9,059,824 |
| 15 |
$16,837,565 |
$6,190,229
$1,136,536 |
$9,510,800 |
| 16 |
$17,679,415 |
$6,501,714
$1,193,361 |
$9,984,340 |
| 17 |
$18,563,075 |
$6,828,668
$1,253,008 |
$10,481,399 |
| 18 |
$19,491,370 |
$7,172,137
$1,315,667 |
$11,003,566 |
| 19 |
$20,465,995 |
$7,532,749
$1,381,455 |
$11,551,791 |
| 20 |
$21,489,210 |
$7,911,338
$1,450,522 |
$12,127,350 |
| 21 |
$22,563,840 |
$8,308,951
$1,523,059 |
$12,731,830 |
| 22 |
$23,692,145 |
$8,726,424
$1,599,220 |
$13,366,501 |
| 23 |
$24,876,385 |
$9,164,593
$1,679,156 |
$14,032,636 |
| 24 |
$26,120,515 |
$9,624,921
$1,763,135 |
$14,732,459 |
| 25 |
$27,426,230 |
$10,108,035
$1,851,271 |
$15,466,924 |
| 26 |
$28,798,050 |
$10,615,609
$1,943,868 |
$16,238,573 |
| 27 |
$30,237,670 |
$11,148,268
$2,041,043 |
$17,048,359 |
| 28 |
$31,749,610 |
$11,707,686
$2,143,099 |
$17,898,825 |
| 29 |
$33,337,260 |
$12,295,117
$2,250,265 |
$18,791,878 |
| 30 |
$35,004,010 |
$12,911,814
$2,362,771 |
$19,729,425 |
|
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