The jackpot for the Powerball draw on Sat Jan 17, 2026, is projected to be $179 Million, with an option for a cash payout of $80.8 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 Sat Jan 17, 2026 |
|---|
| Draw Date | Sat Jan 17, 2026 | | Projected Jackpot | $179,000,000 | | Cash Value | $80,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $80,800,000 | | Federal Tax(24%) | $19,392,000 | | Additional Federal Tax | $10,464,330 | | State Tax(6.75%) | $5,454,000 | | Net Lumpsum Payment | $45,489,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,694,129 |
$957,158
$181,854 |
$1,555,117 |
| 2 |
$2,828,916 |
$1,007,029
$190,952 |
$1,630,935 |
| 3 |
$2,970,326 |
$1,059,351
$200,497 |
$1,710,478 |
| 4 |
$3,118,896 |
$1,114,322
$210,525 |
$1,794,049 |
| 5 |
$3,274,805 |
$1,172,008
$221,049 |
$1,881,748 |
| 6 |
$3,438,590 |
$1,232,609
$232,105 |
$1,973,876 |
| 7 |
$3,610,430 |
$1,296,189
$243,704 |
$2,070,537 |
| 8 |
$3,791,041 |
$1,363,016
$255,895 |
$2,172,130 |
| 9 |
$3,980,602 |
$1,433,153
$268,691 |
$2,278,758 |
| 10 |
$4,179,650 |
$1,506,801
$282,126 |
$2,390,723 |
| 11 |
$4,388,543 |
$1,584,091
$296,227 |
$2,508,225 |
| 12 |
$4,607,997 |
$1,665,289
$311,040 |
$2,631,668 |
| 13 |
$4,838,370 |
$1,750,527
$326,590 |
$2,761,253 |
| 14 |
$5,080,378 |
$1,840,070
$342,926 |
$2,897,382 |
| 15 |
$5,334,379 |
$1,934,051
$360,071 |
$3,040,257 |
| 16 |
$5,601,089 |
$2,032,733
$378,074 |
$3,190,282 |
| 17 |
$5,881,045 |
$2,136,317
$396,971 |
$3,347,757 |
| 18 |
$6,175,142 |
$2,245,133
$416,822 |
$3,513,187 |
| 19 |
$6,483,917 |
$2,359,380
$437,664 |
$3,686,873 |
| 20 |
$6,808,086 |
$2,479,322
$459,546 |
$3,869,218 |
| 21 |
$7,148,544 |
$2,605,292
$482,527 |
$4,060,725 |
| 22 |
$7,506,007 |
$2,737,553
$506,655 |
$4,261,799 |
| 23 |
$7,881,191 |
$2,876,371
$531,980 |
$4,472,840 |
| 24 |
$8,275,349 |
$3,022,210
$558,586 |
$4,694,553 |
| 25 |
$8,689,018 |
$3,175,267
$586,509 |
$4,927,242 |
| 26 |
$9,123,630 |
$3,336,073
$615,845 |
$5,171,712 |
| 27 |
$9,579,722 |
$3,504,828
$646,631 |
$5,428,263 |
| 28 |
$10,058,726 |
$3,682,059
$678,964 |
$5,697,703 |
| 29 |
$10,561,716 |
$3,868,165
$712,916 |
$5,980,635 |
| 30 |
$11,089,766 |
$4,063,544
$748,559 |
$6,277,663 |
|
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