The jackpot for the Powerball draw on Wed Apr 2, 2025, is projected to be $30 Million, with an option for a cash payout of $13.9 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 Apr 2, 2025 |
|---|
| Draw Date | Wed Apr 2, 2025 | | Projected Jackpot | $30,000,000 | | Cash Value | $13,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,900,000 | | Federal Tax(24%) | $3,336,000 | | Additional Federal Tax | $1,767,330 | | State Tax(6.75%) | $938,250 | | Net Lumpsum Payment | $7,858,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$451,530 |
$127,396
$30,478 |
$293,656 |
| 2 |
$474,120 |
$135,755
$32,003 |
$306,362 |
| 3 |
$497,820 |
$144,524
$33,603 |
$319,693 |
| 4 |
$522,720 |
$153,737
$35,284 |
$333,699 |
| 5 |
$548,850 |
$163,405
$37,047 |
$348,398 |
| 6 |
$576,300 |
$173,561
$38,900 |
$363,839 |
| 7 |
$605,100 |
$184,217
$40,844 |
$380,039 |
| 8 |
$635,370 |
$195,417
$42,887 |
$397,066 |
| 9 |
$667,140 |
$207,172
$45,032 |
$414,936 |
| 10 |
$700,500 |
$219,515
$47,284 |
$433,701 |
| 11 |
$735,510 |
$232,469
$49,647 |
$453,394 |
| 12 |
$772,290 |
$246,078
$52,130 |
$474,082 |
| 13 |
$810,900 |
$260,363
$54,736 |
$495,801 |
| 14 |
$851,460 |
$275,371
$57,474 |
$518,615 |
| 15 |
$894,030 |
$291,121
$60,347 |
$542,562 |
| 16 |
$938,730 |
$307,660
$63,364 |
$567,706 |
| 17 |
$985,650 |
$325,021
$66,531 |
$594,098 |
| 18 |
$1,034,940 |
$343,258
$69,858 |
$621,824 |
| 19 |
$1,086,690 |
$362,406
$73,352 |
$650,932 |
| 20 |
$1,141,020 |
$382,508
$77,019 |
$681,493 |
| 21 |
$1,198,080 |
$403,620
$80,870 |
$713,590 |
| 22 |
$1,257,990 |
$425,787
$84,914 |
$747,289 |
| 23 |
$1,320,870 |
$449,052
$89,159 |
$782,659 |
| 24 |
$1,386,930 |
$473,494
$93,618 |
$819,818 |
| 25 |
$1,456,260 |
$499,147
$98,298 |
$858,815 |
| 26 |
$1,529,100 |
$526,097
$103,214 |
$899,789 |
| 27 |
$1,605,540 |
$554,380
$108,374 |
$942,786 |
| 28 |
$1,685,820 |
$584,084
$113,793 |
$987,943 |
| 29 |
$1,770,120 |
$615,275
$119,483 |
$1,035,362 |
| 30 |
$1,858,620 |
$648,020
$125,457 |
$1,085,143 |
|
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