The jackpot for the Powerball draw on Sat May 23, 2026, is projected to be $131 Million, with an option for a cash payout of $57.5 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 Sat May 23, 2026 |
|---|
| Draw Date | Sat May 23, 2026 | | Projected Jackpot | $131,000,000 | | Cash Value | $57,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $57,500,000 | | Federal Tax(24%) | $13,800,000 | | Additional Federal Tax | $7,435,330 | | State Tax(6.75%) | $3,881,250 | | Net Lumpsum Payment | $32,383,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,971,681 |
$689,852
$133,088 |
$1,148,741 |
| 2 |
$2,070,324 |
$726,350
$139,747 |
$1,204,227 |
| 3 |
$2,173,814 |
$764,642
$146,732 |
$1,262,440 |
| 4 |
$2,282,544 |
$804,872
$154,072 |
$1,323,600 |
| 5 |
$2,396,645 |
$847,089
$161,774 |
$1,387,782 |
| 6 |
$2,516,510 |
$891,439
$169,864 |
$1,455,207 |
| 7 |
$2,642,270 |
$937,970
$178,353 |
$1,525,947 |
| 8 |
$2,774,449 |
$986,877
$187,275 |
$1,600,297 |
| 9 |
$2,913,178 |
$1,038,206
$196,640 |
$1,678,332 |
| 10 |
$3,058,850 |
$1,092,105
$206,472 |
$1,760,273 |
| 11 |
$3,211,727 |
$1,148,669
$216,792 |
$1,846,266 |
| 12 |
$3,372,333 |
$1,208,094
$227,632 |
$1,936,607 |
| 13 |
$3,540,930 |
$1,270,474
$239,013 |
$2,031,443 |
| 14 |
$3,718,042 |
$1,336,006
$250,968 |
$2,131,068 |
| 15 |
$3,903,931 |
$1,404,785
$263,515 |
$2,235,631 |
| 16 |
$4,099,121 |
$1,477,005
$276,691 |
$2,345,425 |
| 17 |
$4,304,005 |
$1,552,812
$290,520 |
$2,460,673 |
| 18 |
$4,519,238 |
$1,632,448
$305,049 |
$2,581,741 |
| 19 |
$4,745,213 |
$1,716,059
$320,302 |
$2,708,852 |
| 20 |
$4,982,454 |
$1,803,838
$336,316 |
$2,842,300 |
| 21 |
$5,231,616 |
$1,896,028
$353,134 |
$2,982,454 |
| 22 |
$5,493,223 |
$1,992,823
$370,793 |
$3,129,607 |
| 23 |
$5,767,799 |
$2,094,416
$389,326 |
$3,284,057 |
| 24 |
$6,056,261 |
$2,201,147
$408,798 |
$3,446,316 |
| 25 |
$6,359,002 |
$2,313,161
$429,233 |
$3,616,608 |
| 26 |
$6,677,070 |
$2,430,846
$450,702 |
$3,795,522 |
| 27 |
$7,010,858 |
$2,554,348
$473,233 |
$3,983,277 |
| 28 |
$7,361,414 |
$2,684,054
$496,895 |
$4,180,465 |
| 29 |
$7,729,524 |
$2,820,254
$521,743 |
$4,387,527 |
| 30 |
$8,115,974 |
$2,963,241
$547,828 |
$4,604,905 |
|
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