The jackpot for the Powerball draw on Mon Mar 23, 2026, is projected to be $133 Million, with an option for a cash payout of $60.3 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 Mar 23, 2026 |
|---|
| Draw Date | Mon Mar 23, 2026 | | Projected Jackpot | $133,000,000 | | Cash Value | $60,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $60,300,000 | | Federal Tax(24%) | $14,472,000 | | Additional Federal Tax | $7,799,330 | | State Tax(6.75%) | $4,070,250 | | Net Lumpsum Payment | $33,958,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,001,783 |
$700,990
$135,120 |
$1,165,673 |
| 2 |
$2,101,932 |
$738,045
$141,880 |
$1,222,007 |
| 3 |
$2,207,002 |
$776,921
$148,973 |
$1,281,108 |
| 4 |
$2,317,392 |
$817,765
$156,424 |
$1,343,203 |
| 5 |
$2,433,235 |
$860,627
$164,243 |
$1,408,365 |
| 6 |
$2,554,930 |
$905,654
$172,458 |
$1,476,818 |
| 7 |
$2,682,610 |
$952,896
$181,076 |
$1,548,638 |
| 8 |
$2,816,807 |
$1,002,549
$190,134 |
$1,624,124 |
| 9 |
$2,957,654 |
$1,054,662
$199,642 |
$1,703,350 |
| 10 |
$3,105,550 |
$1,109,384
$209,625 |
$1,786,541 |
| 11 |
$3,260,761 |
$1,166,812
$220,101 |
$1,873,848 |
| 12 |
$3,423,819 |
$1,227,143
$231,108 |
$1,965,568 |
| 13 |
$3,594,990 |
$1,290,477
$242,662 |
$2,061,851 |
| 14 |
$3,774,806 |
$1,357,009
$254,799 |
$2,162,998 |
| 15 |
$3,963,533 |
$1,426,838
$267,538 |
$2,269,157 |
| 16 |
$4,161,703 |
$1,500,160
$280,915 |
$2,380,628 |
| 17 |
$4,369,715 |
$1,577,125
$294,956 |
$2,497,634 |
| 18 |
$4,588,234 |
$1,657,977
$309,706 |
$2,620,551 |
| 19 |
$4,817,659 |
$1,742,864
$325,192 |
$2,749,603 |
| 20 |
$5,058,522 |
$1,831,984
$341,450 |
$2,885,088 |
| 21 |
$5,311,488 |
$1,925,581
$358,525 |
$3,027,382 |
| 22 |
$5,577,089 |
$2,023,853
$376,454 |
$3,176,782 |
| 23 |
$5,855,857 |
$2,126,997
$395,270 |
$3,333,590 |
| 24 |
$6,148,723 |
$2,235,358
$415,039 |
$3,498,326 |
| 25 |
$6,456,086 |
$2,349,082
$435,786 |
$3,671,218 |
| 26 |
$6,779,010 |
$2,468,564
$457,583 |
$3,852,863 |
| 27 |
$7,117,894 |
$2,593,951
$480,458 |
$4,043,485 |
| 28 |
$7,473,802 |
$2,725,637
$504,482 |
$4,243,683 |
| 29 |
$7,847,532 |
$2,863,917
$529,708 |
$4,453,907 |
| 30 |
$8,239,882 |
$3,009,087
$556,192 |
$4,674,603 |
|
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