The jackpot for the Powerball draw on Wed Feb 11, 2026, is projected to be $126 Million, with an option for a cash payout of $57.8 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 Wed Feb 11, 2026 |
|---|
| Draw Date | Wed Feb 11, 2026 | | Projected Jackpot | $126,000,000 | | Cash Value | $57,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $57,800,000 | | Federal Tax(24%) | $13,872,000 | | Additional Federal Tax | $7,474,330 | | State Tax(6.75%) | $3,901,500 | | Net Lumpsum Payment | $32,552,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,896,426 |
$662,008
$128,009 |
$1,106,409 |
| 2 |
$1,991,304 |
$697,113
$134,413 |
$1,159,778 |
| 3 |
$2,090,844 |
$733,943
$141,132 |
$1,215,769 |
| 4 |
$2,195,424 |
$772,637
$148,191 |
$1,274,596 |
| 5 |
$2,305,170 |
$813,243
$155,599 |
$1,336,328 |
| 6 |
$2,420,460 |
$855,901
$163,381 |
$1,401,178 |
| 7 |
$2,541,420 |
$900,656
$171,546 |
$1,469,218 |
| 8 |
$2,668,554 |
$947,695
$180,127 |
$1,540,732 |
| 9 |
$2,801,988 |
$997,066
$189,134 |
$1,615,788 |
| 10 |
$2,942,100 |
$1,048,907
$198,592 |
$1,694,601 |
| 11 |
$3,089,142 |
$1,103,313
$208,517 |
$1,777,312 |
| 12 |
$3,243,618 |
$1,160,469
$218,944 |
$1,864,205 |
| 13 |
$3,405,780 |
$1,220,469
$229,890 |
$1,955,421 |
| 14 |
$3,576,132 |
$1,283,499
$241,389 |
$2,051,244 |
| 15 |
$3,754,926 |
$1,349,653
$253,458 |
$2,151,815 |
| 16 |
$3,942,666 |
$1,419,117
$266,130 |
$2,257,419 |
| 17 |
$4,139,730 |
$1,492,030
$279,432 |
$2,368,268 |
| 18 |
$4,346,748 |
$1,568,627
$293,405 |
$2,484,716 |
| 19 |
$4,564,098 |
$1,649,047
$308,077 |
$2,606,974 |
| 20 |
$4,792,284 |
$1,733,475
$323,479 |
$2,735,330 |
| 21 |
$5,031,936 |
$1,822,147
$339,656 |
$2,870,133 |
| 22 |
$5,283,558 |
$1,915,247
$356,640 |
$3,011,671 |
| 23 |
$5,547,654 |
$2,012,962
$374,467 |
$3,160,225 |
| 24 |
$5,825,106 |
$2,115,620
$393,195 |
$3,316,291 |
| 25 |
$6,116,292 |
$2,223,358
$412,850 |
$3,480,084 |
| 26 |
$6,422,220 |
$2,336,552
$433,500 |
$3,652,168 |
| 27 |
$6,743,268 |
$2,455,340
$455,171 |
$3,832,757 |
| 28 |
$7,080,444 |
$2,580,095
$477,930 |
$4,022,419 |
| 29 |
$7,434,504 |
$2,711,097
$501,829 |
$4,221,578 |
| 30 |
$7,806,204 |
$2,848,626
$526,919 |
$4,430,659 |
|
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