The jackpot for the Powerball draw on Wed Jul 15, 2026, is projected to be $498 Million, with an option for a cash payout of $221 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 Jul 15, 2026 |
|---|
| Draw Date | Wed Jul 15, 2026 | | Projected Jackpot | $498,000,000 | | Cash Value | $221,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $221,000,000 | | Federal Tax(24%) | $53,040,000 | | Additional Federal Tax | $28,690,330 | | State Tax(6.75%) | $14,917,500 | | Net Lumpsum Payment | $124,352,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,495,398 |
$2,733,628
$505,939 |
$4,255,831 |
| 2 |
$7,870,392 |
$2,872,375
$531,251 |
$4,466,766 |
| 3 |
$8,263,812 |
$3,017,941
$557,807 |
$4,688,064 |
| 4 |
$8,677,152 |
$3,170,877
$585,708 |
$4,920,567 |
| 5 |
$9,110,910 |
$3,331,367
$614,986 |
$5,164,557 |
| 6 |
$9,566,580 |
$3,499,965
$645,744 |
$5,420,871 |
| 7 |
$10,044,660 |
$3,676,855
$678,015 |
$5,689,790 |
| 8 |
$10,547,142 |
$3,862,773
$711,932 |
$5,972,437 |
| 9 |
$11,074,524 |
$4,057,904
$747,530 |
$6,269,090 |
| 10 |
$11,628,300 |
$4,262,801
$784,910 |
$6,580,589 |
| 11 |
$12,209,466 |
$4,477,833
$824,139 |
$6,907,494 |
| 12 |
$12,820,014 |
$4,703,736
$865,351 |
$7,250,927 |
| 13 |
$13,460,940 |
$4,940,878
$908,613 |
$7,611,449 |
| 14 |
$14,134,236 |
$5,189,998
$954,061 |
$7,990,177 |
| 15 |
$14,840,898 |
$5,451,463
$1,001,761 |
$8,387,674 |
| 16 |
$15,582,918 |
$5,726,010
$1,051,847 |
$8,805,061 |
| 17 |
$16,361,790 |
$6,014,193
$1,104,421 |
$9,243,176 |
| 18 |
$17,180,004 |
$6,316,932
$1,159,650 |
$9,703,422 |
| 19 |
$18,039,054 |
$6,634,780
$1,217,636 |
$10,186,638 |
| 20 |
$18,940,932 |
$6,968,475
$1,278,513 |
$10,693,944 |
| 21 |
$19,888,128 |
$7,318,938
$1,342,449 |
$11,226,741 |
| 22 |
$20,882,634 |
$7,686,905
$1,409,578 |
$11,786,151 |
| 23 |
$21,926,442 |
$8,073,114
$1,480,035 |
$12,373,293 |
| 24 |
$23,023,038 |
$8,478,854
$1,554,055 |
$12,990,129 |
| 25 |
$24,173,916 |
$8,904,679
$1,631,739 |
$13,637,498 |
| 26 |
$25,383,060 |
$9,352,063
$1,713,357 |
$14,317,640 |
| 27 |
$26,651,964 |
$9,821,557
$1,799,008 |
$15,031,399 |
| 28 |
$27,984,612 |
$10,314,637
$1,888,961 |
$15,781,014 |
| 29 |
$29,383,992 |
$10,832,407
$1,983,419 |
$16,568,166 |
| 30 |
$30,853,092 |
$11,375,974
$2,082,584 |
$17,394,534 |
|
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