The jackpot for the Powerball draw on Wed Jun 11, 2025, is projected to be $65 Million, with an option for a cash payout of $29.2 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 11, 2025 |
|---|
| Draw Date | Wed Jun 11, 2025 | | Projected Jackpot | $65,000,000 | | Cash Value | $29,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $29,200,000 | | Federal Tax(24%) | $7,008,000 | | Additional Federal Tax | $3,756,330 | | State Tax(6.75%) | $1,971,000 | | Net Lumpsum Payment | $16,464,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$978,315 |
$322,307
$66,036 |
$589,972 |
| 2 |
$1,027,260 |
$340,417
$69,340 |
$617,503 |
| 3 |
$1,078,610 |
$359,416
$72,806 |
$646,388 |
| 4 |
$1,132,560 |
$379,378
$76,448 |
$676,734 |
| 5 |
$1,189,175 |
$400,325
$80,269 |
$708,581 |
| 6 |
$1,248,650 |
$422,331
$84,284 |
$742,035 |
| 7 |
$1,311,050 |
$445,419
$88,496 |
$777,135 |
| 8 |
$1,376,635 |
$469,685
$92,923 |
$814,027 |
| 9 |
$1,445,470 |
$495,154
$97,569 |
$852,747 |
| 10 |
$1,517,750 |
$521,898
$102,448 |
$893,404 |
| 11 |
$1,593,605 |
$549,964
$107,568 |
$936,073 |
| 12 |
$1,673,295 |
$579,450
$112,947 |
$980,898 |
| 13 |
$1,756,950 |
$610,402
$118,594 |
$1,027,954 |
| 14 |
$1,844,830 |
$642,917
$124,526 |
$1,077,387 |
| 15 |
$1,937,065 |
$677,044
$130,752 |
$1,129,269 |
| 16 |
$2,033,915 |
$712,879
$137,289 |
$1,183,747 |
| 17 |
$2,135,575 |
$750,493
$144,151 |
$1,240,931 |
| 18 |
$2,242,370 |
$790,007
$151,360 |
$1,301,003 |
| 19 |
$2,354,495 |
$831,494
$158,928 |
$1,364,073 |
| 20 |
$2,472,210 |
$875,048
$166,874 |
$1,430,288 |
| 21 |
$2,595,840 |
$920,791
$175,219 |
$1,499,830 |
| 22 |
$2,725,645 |
$968,819
$183,981 |
$1,572,845 |
| 23 |
$2,861,885 |
$1,019,228
$193,177 |
$1,649,480 |
| 24 |
$3,005,015 |
$1,072,186
$202,839 |
$1,729,990 |
| 25 |
$3,155,230 |
$1,127,765
$212,978 |
$1,814,487 |
| 26 |
$3,313,050 |
$1,186,159
$223,631 |
$1,903,260 |
| 27 |
$3,478,670 |
$1,247,438
$234,810 |
$1,996,422 |
| 28 |
$3,652,610 |
$1,311,796
$246,551 |
$2,094,263 |
| 29 |
$3,835,260 |
$1,379,377
$258,880 |
$2,197,003 |
| 30 |
$4,027,010 |
$1,450,324
$271,823 |
$2,304,863 |
|
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