The jackpot for the Powerball draw on Sat Sep 19, 2026, is projected to be $298 Million, with an option for a cash payout of $126.6 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 Sep 19, 2026 |
|---|
| Draw Date | Sat Sep 19, 2026 | | Projected Jackpot | $298,000,000 | | Cash Value | $126,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,600,000 | | Federal Tax(24%) | $30,384,000 | | Additional Federal Tax | $16,418,330 | | State Tax(6.75%) | $8,545,500 | | Net Lumpsum Payment | $71,252,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,485,198 |
$1,619,854
$302,751 |
$2,562,593 |
| 2 |
$4,709,592 |
$1,702,879
$317,897 |
$2,688,816 |
| 3 |
$4,945,012 |
$1,789,985
$333,788 |
$2,821,239 |
| 4 |
$5,192,352 |
$1,881,501
$350,484 |
$2,960,367 |
| 5 |
$5,451,910 |
$1,977,537
$368,004 |
$3,106,369 |
| 6 |
$5,724,580 |
$2,078,425
$386,409 |
$3,259,746 |
| 7 |
$6,010,660 |
$2,184,275
$405,720 |
$3,420,665 |
| 8 |
$6,311,342 |
$2,295,527
$426,016 |
$3,589,799 |
| 9 |
$6,626,924 |
$2,412,292
$447,317 |
$3,767,315 |
| 10 |
$6,958,300 |
$2,534,901
$469,685 |
$3,953,714 |
| 11 |
$7,306,066 |
$2,663,575
$493,159 |
$4,149,332 |
| 12 |
$7,671,414 |
$2,798,754
$517,820 |
$4,354,840 |
| 13 |
$8,054,940 |
$2,940,658
$543,708 |
$4,570,574 |
| 14 |
$8,457,836 |
$3,089,730
$570,904 |
$4,797,202 |
| 15 |
$8,880,698 |
$3,246,189
$599,447 |
$5,035,062 |
| 16 |
$9,324,718 |
$3,410,476
$629,418 |
$5,284,824 |
| 17 |
$9,790,790 |
$3,582,923
$660,878 |
$5,546,989 |
| 18 |
$10,280,404 |
$3,764,080
$693,927 |
$5,822,397 |
| 19 |
$10,794,454 |
$3,954,278
$728,626 |
$6,111,550 |
| 20 |
$11,334,132 |
$4,153,959
$765,054 |
$6,415,119 |
| 21 |
$11,900,928 |
$4,363,674
$803,313 |
$6,733,941 |
| 22 |
$12,496,034 |
$4,583,863
$843,482 |
$7,068,689 |
| 23 |
$13,120,642 |
$4,814,968
$885,643 |
$7,420,031 |
| 24 |
$13,776,838 |
$5,057,760
$929,937 |
$7,789,141 |
| 25 |
$14,465,516 |
$5,312,571
$976,422 |
$8,176,523 |
| 26 |
$15,189,060 |
$5,580,283
$1,025,262 |
$8,583,515 |
| 27 |
$15,948,364 |
$5,861,225
$1,076,515 |
$9,010,624 |
| 28 |
$16,745,812 |
$6,156,281
$1,130,342 |
$9,459,189 |
| 29 |
$17,583,192 |
$6,466,111
$1,186,865 |
$9,930,216 |
| 30 |
$18,462,292 |
$6,791,378
$1,246,205 |
$10,424,709 |
|
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