The jackpot for the Powerball draw on Mon Apr 13, 2026, is projected to be $45 Million, with an option for a cash payout of $20.5 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 13, 2026 |
|---|
| Draw Date | Mon Apr 13, 2026 | | Projected Jackpot | $45,000,000 | | Cash Value | $20,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,500,000 | | Federal Tax(24%) | $4,920,000 | | Additional Federal Tax | $2,625,330 | | State Tax(6.75%) | $1,383,750 | | Net Lumpsum Payment | $11,570,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$677,295 |
$210,930
$45,717 |
$420,648 |
| 2 |
$711,180 |
$223,467
$48,005 |
$439,708 |
| 3 |
$746,730 |
$236,620
$50,404 |
$459,706 |
| 4 |
$784,080 |
$250,440
$52,925 |
$480,715 |
| 5 |
$823,275 |
$264,942
$55,571 |
$502,762 |
| 6 |
$864,450 |
$280,177
$58,350 |
$525,923 |
| 7 |
$907,650 |
$296,161
$61,266 |
$550,223 |
| 8 |
$953,055 |
$312,961
$64,331 |
$575,763 |
| 9 |
$1,000,710 |
$330,593
$67,548 |
$602,569 |
| 10 |
$1,050,750 |
$349,108
$70,926 |
$630,716 |
| 11 |
$1,103,265 |
$368,538
$74,470 |
$660,257 |
| 12 |
$1,158,435 |
$388,951
$78,194 |
$691,290 |
| 13 |
$1,216,350 |
$410,380
$82,104 |
$723,866 |
| 14 |
$1,277,190 |
$432,891
$86,210 |
$758,089 |
| 15 |
$1,341,045 |
$456,517
$90,521 |
$794,007 |
| 16 |
$1,408,095 |
$481,326
$95,046 |
$831,723 |
| 17 |
$1,478,475 |
$507,366
$99,797 |
$871,312 |
| 18 |
$1,552,410 |
$534,722
$104,788 |
$912,900 |
| 19 |
$1,630,035 |
$563,443
$110,027 |
$956,565 |
| 20 |
$1,711,530 |
$593,596
$115,528 |
$1,002,406 |
| 21 |
$1,797,120 |
$625,265
$121,306 |
$1,050,549 |
| 22 |
$1,886,985 |
$658,515
$127,371 |
$1,101,099 |
| 23 |
$1,981,305 |
$693,413
$133,738 |
$1,154,154 |
| 24 |
$2,080,395 |
$730,077
$140,427 |
$1,209,891 |
| 25 |
$2,184,390 |
$768,555
$147,446 |
$1,268,389 |
| 26 |
$2,293,650 |
$808,981
$154,821 |
$1,329,848 |
| 27 |
$2,408,310 |
$851,405
$162,561 |
$1,394,344 |
| 28 |
$2,528,730 |
$895,960
$170,689 |
$1,462,081 |
| 29 |
$2,655,180 |
$942,747
$179,225 |
$1,533,208 |
| 30 |
$2,787,930 |
$991,864
$188,185 |
$1,607,881 |
|
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