The jackpot for the Powerball draw on Wed Oct 8, 2025, is projected to be $223 Million, with an option for a cash payout of $104.4 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 Oct 8, 2025 |
|---|
| Draw Date | Wed Oct 8, 2025 | | Projected Jackpot | $223,000,000 | | Cash Value | $104,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $104,400,000 | | Federal Tax(24%) | $25,056,000 | | Additional Federal Tax | $13,532,330 | | State Tax(6.75%) | $7,047,000 | | Net Lumpsum Payment | $58,764,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,356,373 |
$1,202,188
$226,555 |
$1,927,630 |
| 2 |
$3,524,292 |
$1,264,318
$237,890 |
$2,022,084 |
| 3 |
$3,700,462 |
$1,329,501
$249,781 |
$2,121,180 |
| 4 |
$3,885,552 |
$1,397,985
$262,275 |
$2,225,292 |
| 5 |
$4,079,785 |
$1,469,851
$275,385 |
$2,334,549 |
| 6 |
$4,283,830 |
$1,545,347
$289,159 |
$2,449,324 |
| 7 |
$4,497,910 |
$1,624,557
$303,609 |
$2,569,744 |
| 8 |
$4,722,917 |
$1,707,810
$318,797 |
$2,696,310 |
| 9 |
$4,959,074 |
$1,795,188
$334,737 |
$2,829,149 |
| 10 |
$5,207,050 |
$1,886,939
$351,476 |
$2,968,635 |
| 11 |
$5,467,291 |
$1,983,228
$369,042 |
$3,115,021 |
| 12 |
$5,740,689 |
$2,084,385
$387,497 |
$3,268,807 |
| 13 |
$6,027,690 |
$2,190,576
$406,869 |
$3,430,245 |
| 14 |
$6,329,186 |
$2,302,129
$427,220 |
$3,599,837 |
| 15 |
$6,645,623 |
$2,419,211
$448,580 |
$3,777,832 |
| 16 |
$6,977,893 |
$2,542,151
$471,008 |
$3,964,734 |
| 17 |
$7,326,665 |
$2,671,196
$494,550 |
$4,160,919 |
| 18 |
$7,693,054 |
$2,806,760
$519,281 |
$4,367,013 |
| 19 |
$8,077,729 |
$2,949,090
$545,247 |
$4,583,392 |
| 20 |
$8,481,582 |
$3,098,516
$572,507 |
$4,810,559 |
| 21 |
$8,905,728 |
$3,255,450
$601,137 |
$5,049,141 |
| 22 |
$9,351,059 |
$3,420,222
$631,196 |
$5,299,641 |
| 23 |
$9,818,467 |
$3,593,163
$662,747 |
$5,562,557 |
| 24 |
$10,309,513 |
$3,774,850
$695,892 |
$5,838,771 |
| 25 |
$10,824,866 |
$3,965,531
$730,678 |
$6,128,657 |
| 26 |
$11,366,310 |
$4,165,865
$767,226 |
$6,433,219 |
| 27 |
$11,934,514 |
$4,376,101
$805,580 |
$6,752,833 |
| 28 |
$12,531,262 |
$4,596,897
$845,860 |
$7,088,505 |
| 29 |
$13,157,892 |
$4,828,750
$888,158 |
$7,440,984 |
| 30 |
$13,815,742 |
$5,072,155
$932,563 |
$7,811,024 |
|
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