The jackpot for the Powerball draw on Sat Jul 12, 2025, is projected to be $234 Million, with an option for a cash payout of $106.6 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 Sat Jul 12, 2025 |
|---|
| Draw Date | Sat Jul 12, 2025 | | Projected Jackpot | $234,000,000 | | Cash Value | $106,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $106,600,000 | | Federal Tax(24%) | $25,584,000 | | Additional Federal Tax | $13,818,330 | | State Tax(6.75%) | $7,195,500 | | Net Lumpsum Payment | $60,002,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,521,934 |
$1,263,446
$237,731 |
$2,020,757 |
| 2 |
$3,698,136 |
$1,328,641
$249,624 |
$2,119,871 |
| 3 |
$3,882,996 |
$1,397,039
$262,102 |
$2,223,855 |
| 4 |
$4,077,216 |
$1,468,900
$275,212 |
$2,333,104 |
| 5 |
$4,281,030 |
$1,544,311
$288,970 |
$2,447,749 |
| 6 |
$4,495,140 |
$1,623,532
$303,422 |
$2,568,186 |
| 7 |
$4,719,780 |
$1,706,649
$318,585 |
$2,694,546 |
| 8 |
$4,955,886 |
$1,794,008
$334,522 |
$2,827,356 |
| 9 |
$5,203,692 |
$1,885,696
$351,249 |
$2,966,747 |
| 10 |
$5,463,900 |
$1,981,973
$368,813 |
$3,113,114 |
| 11 |
$5,736,978 |
$2,083,012
$387,246 |
$3,266,720 |
| 12 |
$6,023,862 |
$2,189,159
$406,611 |
$3,428,092 |
| 13 |
$6,325,020 |
$2,300,588
$426,939 |
$3,597,493 |
| 14 |
$6,641,388 |
$2,417,644
$448,294 |
$3,775,450 |
| 15 |
$6,973,434 |
$2,540,501
$470,707 |
$3,962,226 |
| 16 |
$7,322,094 |
$2,669,505
$494,241 |
$4,158,348 |
| 17 |
$7,688,070 |
$2,804,916
$518,945 |
$4,364,209 |
| 18 |
$8,072,532 |
$2,947,167
$544,896 |
$4,580,469 |
| 19 |
$8,476,182 |
$3,096,518
$572,142 |
$4,807,522 |
| 20 |
$8,899,956 |
$3,253,314
$600,747 |
$5,045,895 |
| 21 |
$9,345,024 |
$3,417,989
$630,789 |
$5,296,246 |
| 22 |
$9,812,322 |
$3,590,890
$662,332 |
$5,559,100 |
| 23 |
$10,302,786 |
$3,772,361
$695,438 |
$5,834,987 |
| 24 |
$10,818,054 |
$3,963,010
$730,219 |
$6,124,825 |
| 25 |
$11,358,828 |
$4,163,097
$766,721 |
$6,429,010 |
| 26 |
$11,926,980 |
$4,373,313
$805,071 |
$6,748,596 |
| 27 |
$12,523,212 |
$4,593,919
$845,317 |
$7,083,976 |
| 28 |
$13,149,396 |
$4,825,607
$887,584 |
$7,436,205 |
| 29 |
$13,806,936 |
$5,068,897
$931,968 |
$7,806,071 |
| 30 |
$14,497,236 |
$5,324,308
$978,563 |
$8,194,365 |
|
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