The jackpot for the Powerball draw on Wed May 13, 2026, is projected to be $69 Million, with an option for a cash payout of $31.2 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 13, 2026 |
|---|
| Draw Date | Wed May 13, 2026 | | Projected Jackpot | $69,000,000 | | Cash Value | $31,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $31,200,000 | | Federal Tax(24%) | $7,488,000 | | Additional Federal Tax | $4,016,330 | | State Tax(6.75%) | $2,106,000 | | Net Lumpsum Payment | $17,589,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,038,519 |
$344,582
$70,100 |
$623,837 |
| 2 |
$1,090,476 |
$363,807
$73,607 |
$653,062 |
| 3 |
$1,144,986 |
$383,975
$77,287 |
$683,724 |
| 4 |
$1,202,256 |
$405,165
$81,152 |
$715,939 |
| 5 |
$1,262,355 |
$427,402
$85,209 |
$749,744 |
| 6 |
$1,325,490 |
$450,762
$89,471 |
$785,257 |
| 7 |
$1,391,730 |
$475,270
$93,942 |
$822,518 |
| 8 |
$1,461,351 |
$501,030
$98,641 |
$861,680 |
| 9 |
$1,534,422 |
$528,067
$103,573 |
$902,782 |
| 10 |
$1,611,150 |
$556,456
$108,753 |
$945,941 |
| 11 |
$1,691,673 |
$586,249
$114,188 |
$991,236 |
| 12 |
$1,776,267 |
$617,549
$119,898 |
$1,038,820 |
| 13 |
$1,865,070 |
$650,406
$125,892 |
$1,088,772 |
| 14 |
$1,958,358 |
$684,923
$132,189 |
$1,141,246 |
| 15 |
$2,056,269 |
$721,150
$138,798 |
$1,196,321 |
| 16 |
$2,159,079 |
$759,190
$145,738 |
$1,254,151 |
| 17 |
$2,266,995 |
$799,119
$153,022 |
$1,314,854 |
| 18 |
$2,380,362 |
$841,064
$160,674 |
$1,378,624 |
| 19 |
$2,499,387 |
$885,104
$168,709 |
$1,445,574 |
| 20 |
$2,624,346 |
$931,338
$177,143 |
$1,515,865 |
| 21 |
$2,755,584 |
$979,896
$186,002 |
$1,589,686 |
| 22 |
$2,893,377 |
$1,030,880
$195,303 |
$1,667,194 |
| 23 |
$3,038,001 |
$1,084,391
$205,065 |
$1,748,545 |
| 24 |
$3,189,939 |
$1,140,608
$215,321 |
$1,834,010 |
| 25 |
$3,349,398 |
$1,199,608
$226,084 |
$1,923,706 |
| 26 |
$3,516,930 |
$1,261,594
$237,393 |
$2,017,943 |
| 27 |
$3,692,742 |
$1,326,645
$249,260 |
$2,116,837 |
| 28 |
$3,877,386 |
$1,394,963
$261,724 |
$2,220,699 |
| 29 |
$4,071,276 |
$1,466,703
$274,811 |
$2,329,762 |
| 30 |
$4,274,826 |
$1,542,016
$288,551 |
$2,444,259 |
|
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