The jackpot for the Powerball draw on Mon Apr 28, 2025, is projected to be $20 Million, with an option for a cash payout of $9.2 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 Apr 28, 2025 |
|---|
| Draw Date | Mon Apr 28, 2025 | | Projected Jackpot | $20,000,000 | | Cash Value | $9,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $9,200,000 | | Federal Tax(24%) | $2,208,000 | | Additional Federal Tax | $1,156,330 | | State Tax(6.75%) | $621,000 | | Net Lumpsum Payment | $5,214,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$301,020 |
$71,708
$20,319 |
$208,993 |
| 2 |
$316,080 |
$77,280
$21,335 |
$217,465 |
| 3 |
$331,880 |
$83,126
$22,402 |
$226,352 |
| 4 |
$348,480 |
$89,268
$23,522 |
$235,690 |
| 5 |
$365,900 |
$95,713
$24,698 |
$245,489 |
| 6 |
$384,200 |
$102,484
$25,934 |
$255,782 |
| 7 |
$403,400 |
$109,588
$27,230 |
$266,582 |
| 8 |
$423,580 |
$117,055
$28,592 |
$277,933 |
| 9 |
$444,760 |
$124,892
$30,021 |
$289,847 |
| 10 |
$467,000 |
$133,120
$31,523 |
$302,357 |
| 11 |
$490,340 |
$141,756
$33,098 |
$315,486 |
| 12 |
$514,860 |
$150,829
$34,753 |
$329,278 |
| 13 |
$540,600 |
$160,352
$36,491 |
$343,757 |
| 14 |
$567,640 |
$170,357
$38,316 |
$358,967 |
| 15 |
$596,020 |
$180,858
$40,231 |
$374,931 |
| 16 |
$625,820 |
$191,884
$42,243 |
$391,693 |
| 17 |
$657,100 |
$203,457
$44,354 |
$409,289 |
| 18 |
$689,960 |
$215,616
$46,572 |
$427,772 |
| 19 |
$724,460 |
$228,381
$48,901 |
$447,178 |
| 20 |
$760,680 |
$241,782
$51,346 |
$467,552 |
| 21 |
$798,720 |
$255,857
$53,914 |
$488,949 |
| 22 |
$838,660 |
$270,635
$56,610 |
$511,415 |
| 23 |
$880,580 |
$286,145
$59,439 |
$534,996 |
| 24 |
$924,620 |
$302,440
$62,412 |
$559,768 |
| 25 |
$970,840 |
$319,541
$65,532 |
$585,767 |
| 26 |
$1,019,400 |
$337,508
$68,810 |
$613,082 |
| 27 |
$1,070,360 |
$356,364
$72,249 |
$641,747 |
| 28 |
$1,123,880 |
$376,166
$75,862 |
$671,852 |
| 29 |
$1,180,080 |
$396,960
$79,655 |
$703,465 |
| 30 |
$1,239,080 |
$418,790
$83,638 |
$736,652 |
|
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