The jackpot for the Powerball draw on Wed Apr 1, 2026, is projected to be $194 Million, with an option for a cash payout of $87.1 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 Wed Apr 1, 2026 |
|---|
| Draw Date | Wed Apr 1, 2026 | | Projected Jackpot | $194,000,000 | | Cash Value | $87,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,100,000 | | Federal Tax(24%) | $20,904,000 | | Additional Federal Tax | $11,283,330 | | State Tax(6.75%) | $5,879,250 | | Net Lumpsum Payment | $49,033,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,919,894 |
$1,040,691
$197,093 |
$1,682,110 |
| 2 |
$3,065,976 |
$1,094,742
$206,953 |
$1,764,281 |
| 3 |
$3,219,236 |
$1,151,448
$217,298 |
$1,850,490 |
| 4 |
$3,380,256 |
$1,211,025
$228,167 |
$1,941,064 |
| 5 |
$3,549,230 |
$1,273,545
$239,573 |
$2,036,112 |
| 6 |
$3,726,740 |
$1,339,224
$251,555 |
$2,135,961 |
| 7 |
$3,912,980 |
$1,408,133
$264,126 |
$2,240,721 |
| 8 |
$4,108,726 |
$1,480,559
$277,339 |
$2,350,828 |
| 9 |
$4,314,172 |
$1,556,574
$291,207 |
$2,466,391 |
| 10 |
$4,529,900 |
$1,636,393
$305,768 |
$2,587,739 |
| 11 |
$4,756,298 |
$1,720,161
$321,050 |
$2,715,087 |
| 12 |
$4,994,142 |
$1,808,163
$337,105 |
$2,848,874 |
| 13 |
$5,243,820 |
$1,900,544
$353,958 |
$2,989,318 |
| 14 |
$5,506,108 |
$1,997,590
$371,662 |
$3,136,856 |
| 15 |
$5,781,394 |
$2,099,446
$390,244 |
$3,291,704 |
| 16 |
$6,070,454 |
$2,206,398
$409,756 |
$3,454,300 |
| 17 |
$6,373,870 |
$2,318,662
$430,236 |
$3,624,972 |
| 18 |
$6,692,612 |
$2,436,597
$451,751 |
$3,804,264 |
| 19 |
$7,027,262 |
$2,560,417
$474,340 |
$3,992,505 |
| 20 |
$7,378,596 |
$2,690,411
$498,055 |
$4,190,130 |
| 21 |
$7,747,584 |
$2,826,936
$522,962 |
$4,397,686 |
| 22 |
$8,135,002 |
$2,970,281
$549,113 |
$4,615,608 |
| 23 |
$8,541,626 |
$3,120,732
$576,560 |
$4,844,334 |
| 24 |
$8,968,814 |
$3,278,792
$605,395 |
$5,084,627 |
| 25 |
$9,417,148 |
$3,444,675
$635,657 |
$5,336,816 |
| 26 |
$9,888,180 |
$3,618,957
$667,452 |
$5,601,771 |
| 27 |
$10,382,492 |
$3,801,852
$700,818 |
$5,879,822 |
| 28 |
$10,901,636 |
$3,993,936
$735,860 |
$6,171,840 |
| 29 |
$11,446,776 |
$4,195,638
$772,657 |
$6,478,481 |
| 30 |
$12,019,076 |
$4,407,389
$811,288 |
$6,800,399 |
|
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