The jackpot for the Powerball draw on Wed May 21, 2025, is projected to be $146 Million, with an option for a cash payout of $65.6 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 May 21, 2025 |
|---|
| Draw Date | Wed May 21, 2025 | | Projected Jackpot | $146,000,000 | | Cash Value | $65,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $65,600,000 | | Federal Tax(24%) | $15,744,000 | | Additional Federal Tax | $8,488,330 | | State Tax(6.75%) | $4,428,000 | | Net Lumpsum Payment | $36,939,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,197,446 |
$773,385
$148,328 |
$1,275,733 |
| 2 |
$2,307,384 |
$814,062
$155,748 |
$1,337,574 |
| 3 |
$2,422,724 |
$856,738
$163,534 |
$1,402,452 |
| 4 |
$2,543,904 |
$901,575
$171,714 |
$1,470,615 |
| 5 |
$2,671,070 |
$948,626
$180,297 |
$1,542,147 |
| 6 |
$2,804,660 |
$998,055
$189,315 |
$1,617,290 |
| 7 |
$2,944,820 |
$1,049,914
$198,775 |
$1,696,131 |
| 8 |
$3,092,134 |
$1,104,420
$208,719 |
$1,778,995 |
| 9 |
$3,246,748 |
$1,161,627
$219,155 |
$1,865,966 |
| 10 |
$3,409,100 |
$1,221,697
$230,114 |
$1,957,289 |
| 11 |
$3,579,482 |
$1,284,739
$241,615 |
$2,053,128 |
| 12 |
$3,758,478 |
$1,350,967
$253,697 |
$2,153,814 |
| 13 |
$3,946,380 |
$1,420,491
$266,381 |
$2,259,508 |
| 14 |
$4,143,772 |
$1,493,526
$279,705 |
$2,370,541 |
| 15 |
$4,350,946 |
$1,570,180
$293,689 |
$2,487,077 |
| 16 |
$4,568,486 |
$1,650,670
$308,373 |
$2,609,443 |
| 17 |
$4,796,830 |
$1,735,157
$323,786 |
$2,737,887 |
| 18 |
$5,036,708 |
$1,823,912
$339,978 |
$2,872,818 |
| 19 |
$5,288,558 |
$1,917,097
$356,978 |
$3,014,483 |
| 20 |
$5,552,964 |
$2,014,927
$374,825 |
$3,163,212 |
| 21 |
$5,830,656 |
$2,117,673
$393,569 |
$3,319,414 |
| 22 |
$6,122,218 |
$2,225,551
$413,250 |
$3,483,417 |
| 23 |
$6,428,234 |
$2,338,777
$433,906 |
$3,655,551 |
| 24 |
$6,749,726 |
$2,457,729
$455,607 |
$3,836,390 |
| 25 |
$7,087,132 |
$2,582,569
$478,381 |
$4,026,182 |
| 26 |
$7,441,620 |
$2,713,730
$502,309 |
$4,225,581 |
| 27 |
$7,813,628 |
$2,851,373
$527,420 |
$4,434,835 |
| 28 |
$8,204,324 |
$2,995,930
$553,792 |
$4,654,602 |
| 29 |
$8,614,584 |
$3,147,726
$581,484 |
$4,885,374 |
| 30 |
$9,045,284 |
$3,307,085
$610,557 |
$5,127,642 |
|
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