The jackpot for the Powerball draw on Wed Oct 22, 2025, is projected to be $320 Million, with an option for a cash payout of $152.2 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 Oct 22, 2025 |
|---|
| Draw Date | Wed Oct 22, 2025 | | Projected Jackpot | $320,000,000 | | Cash Value | $152,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $152,200,000 | | Federal Tax(24%) | $36,528,000 | | Additional Federal Tax | $19,746,330 | | State Tax(6.75%) | $10,273,500 | | Net Lumpsum Payment | $85,652,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,816,320 |
$1,742,369
$325,102 |
$2,748,849 |
| 2 |
$5,057,280 |
$1,831,524
$341,366 |
$2,884,390 |
| 3 |
$5,310,080 |
$1,925,060
$358,430 |
$3,026,590 |
| 4 |
$5,575,680 |
$2,023,332
$376,358 |
$3,175,990 |
| 5 |
$5,854,400 |
$2,126,458
$395,172 |
$3,332,770 |
| 6 |
$6,147,200 |
$2,234,794
$414,936 |
$3,497,470 |
| 7 |
$6,454,400 |
$2,348,458
$435,672 |
$3,670,270 |
| 8 |
$6,777,280 |
$2,467,924
$457,466 |
$3,851,890 |
| 9 |
$7,116,160 |
$2,593,310
$480,341 |
$4,042,509 |
| 10 |
$7,472,000 |
$2,724,970
$504,360 |
$4,242,670 |
| 11 |
$7,845,440 |
$2,863,143
$529,567 |
$4,452,730 |
| 12 |
$8,237,760 |
$3,008,302
$556,049 |
$4,673,409 |
| 13 |
$8,649,600 |
$3,160,682
$583,848 |
$4,905,070 |
| 14 |
$9,082,240 |
$3,320,759
$613,051 |
$5,148,430 |
| 15 |
$9,536,320 |
$3,488,769
$643,702 |
$5,403,849 |
| 16 |
$10,013,120 |
$3,665,185
$675,886 |
$5,672,049 |
| 17 |
$10,513,600 |
$3,850,362
$709,668 |
$5,953,570 |
| 18 |
$11,039,360 |
$4,044,894
$745,157 |
$6,249,309 |
| 19 |
$11,591,360 |
$4,249,134
$782,417 |
$6,559,809 |
| 20 |
$12,170,880 |
$4,463,556
$821,534 |
$6,885,790 |
| 21 |
$12,779,520 |
$4,688,753
$862,618 |
$7,228,149 |
| 22 |
$13,418,560 |
$4,925,198
$905,753 |
$7,587,609 |
| 23 |
$14,089,280 |
$5,173,364
$951,026 |
$7,964,890 |
| 24 |
$14,793,920 |
$5,434,081
$998,590 |
$8,361,249 |
| 25 |
$15,533,440 |
$5,707,703
$1,048,507 |
$8,777,230 |
| 26 |
$16,310,400 |
$5,995,178
$1,100,952 |
$9,214,270 |
| 27 |
$17,125,760 |
$6,296,862
$1,155,989 |
$9,672,909 |
| 28 |
$17,982,080 |
$6,613,700
$1,213,790 |
$10,154,590 |
| 29 |
$18,881,280 |
$6,946,404
$1,274,486 |
$10,660,390 |
| 30 |
$19,825,280 |
$7,295,684
$1,338,206 |
$11,191,390 |
|
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