The jackpot for the Powerball draw on Wed Jun 24, 2026, is projected to be $327 Million, with an option for a cash payout of $148 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 Jun 24, 2026 |
|---|
| Draw Date | Wed Jun 24, 2026 | | Projected Jackpot | $327,000,000 | | Cash Value | $148,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $148,000,000 | | Federal Tax(24%) | $35,520,000 | | Additional Federal Tax | $19,200,330 | | State Tax(6.75%) | $9,990,000 | | Net Lumpsum Payment | $83,289,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,921,677 |
$1,781,351
$332,213 |
$2,808,113 |
| 2 |
$5,167,908 |
$1,872,456
$348,834 |
$2,946,618 |
| 3 |
$5,426,238 |
$1,968,038
$366,271 |
$3,091,929 |
| 4 |
$5,697,648 |
$2,068,460
$384,591 |
$3,244,597 |
| 5 |
$5,982,465 |
$2,173,842
$403,816 |
$3,404,807 |
| 6 |
$6,281,670 |
$2,284,548
$424,013 |
$3,573,109 |
| 7 |
$6,595,590 |
$2,400,699
$445,202 |
$3,749,689 |
| 8 |
$6,925,533 |
$2,522,778
$467,473 |
$3,935,282 |
| 9 |
$7,271,826 |
$2,650,906
$490,848 |
$4,130,072 |
| 10 |
$7,635,450 |
$2,785,447
$515,393 |
$4,334,610 |
| 11 |
$8,017,059 |
$2,926,642
$541,151 |
$4,549,266 |
| 12 |
$8,417,961 |
$3,074,976
$568,212 |
$4,774,773 |
| 13 |
$8,838,810 |
$3,230,690
$596,620 |
$5,011,500 |
| 14 |
$9,280,914 |
$3,394,269
$626,462 |
$5,260,183 |
| 15 |
$9,744,927 |
$3,565,953
$657,783 |
$5,521,191 |
| 16 |
$10,232,157 |
$3,746,228
$690,671 |
$5,795,258 |
| 17 |
$10,743,585 |
$3,935,457
$725,192 |
$6,082,936 |
| 18 |
$11,280,846 |
$4,134,243
$761,457 |
$6,385,146 |
| 19 |
$11,844,921 |
$4,342,951
$799,532 |
$6,702,438 |
| 20 |
$12,437,118 |
$4,562,064
$839,505 |
$7,035,549 |
| 21 |
$13,059,072 |
$4,792,187
$881,487 |
$7,385,398 |
| 22 |
$13,712,091 |
$5,033,804
$925,566 |
$7,752,721 |
| 23 |
$14,397,483 |
$5,287,399
$971,830 |
$8,138,254 |
| 24 |
$15,117,537 |
$5,553,819
$1,020,434 |
$8,543,284 |
| 25 |
$15,873,234 |
$5,833,427
$1,071,443 |
$8,968,364 |
| 26 |
$16,667,190 |
$6,127,191
$1,125,035 |
$9,414,964 |
| 27 |
$17,500,386 |
$6,435,473
$1,181,276 |
$9,883,637 |
| 28 |
$18,375,438 |
$6,759,242
$1,240,342 |
$10,375,854 |
| 29 |
$19,294,308 |
$7,099,224
$1,302,366 |
$10,892,718 |
| 30 |
$20,258,958 |
$7,456,145
$1,367,480 |
$11,435,333 |
|
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