The jackpot for the Powerball draw on Sat Jun 20, 2026, is projected to be $302 Million, with an option for a cash payout of $135.3 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 Jun 20, 2026 |
|---|
| Draw Date | Sat Jun 20, 2026 | | Projected Jackpot | $302,000,000 | | Cash Value | $135,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $135,300,000 | | Federal Tax(24%) | $32,472,000 | | Additional Federal Tax | $17,549,330 | | State Tax(6.75%) | $9,132,750 | | Net Lumpsum Payment | $76,145,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,545,402 |
$1,642,129
$306,815 |
$2,596,458 |
| 2 |
$4,772,808 |
$1,726,269
$322,165 |
$2,724,374 |
| 3 |
$5,011,388 |
$1,814,544
$338,269 |
$2,858,575 |
| 4 |
$5,262,048 |
$1,907,288
$355,188 |
$2,999,572 |
| 5 |
$5,525,090 |
$2,004,614
$372,944 |
$3,147,532 |
| 6 |
$5,801,420 |
$2,106,856
$391,596 |
$3,302,968 |
| 7 |
$6,091,340 |
$2,214,126
$411,165 |
$3,466,049 |
| 8 |
$6,396,058 |
$2,326,872
$431,734 |
$3,637,452 |
| 9 |
$6,715,876 |
$2,445,205
$453,322 |
$3,817,349 |
| 10 |
$7,051,700 |
$2,569,459
$475,990 |
$4,006,251 |
| 11 |
$7,404,134 |
$2,699,860
$499,779 |
$4,204,495 |
| 12 |
$7,774,386 |
$2,836,853
$524,771 |
$4,412,762 |
| 13 |
$8,163,060 |
$2,980,663
$551,007 |
$4,631,390 |
| 14 |
$8,571,364 |
$3,131,735
$578,567 |
$4,861,062 |
| 15 |
$8,999,902 |
$3,290,294
$607,493 |
$5,102,115 |
| 16 |
$9,449,882 |
$3,456,787
$637,867 |
$5,355,228 |
| 17 |
$9,922,210 |
$3,631,548
$669,749 |
$5,620,913 |
| 18 |
$10,418,396 |
$3,815,137
$703,242 |
$5,900,017 |
| 19 |
$10,939,346 |
$4,007,888
$738,406 |
$6,193,052 |
| 20 |
$11,486,268 |
$4,210,250
$775,323 |
$6,500,695 |
| 21 |
$12,060,672 |
$4,422,779
$814,095 |
$6,823,798 |
| 22 |
$12,663,766 |
$4,645,924
$854,804 |
$7,163,038 |
| 23 |
$13,296,758 |
$4,880,131
$897,531 |
$7,519,096 |
| 24 |
$13,961,762 |
$5,126,182
$942,419 |
$7,893,161 |
| 25 |
$14,659,684 |
$5,384,413
$989,529 |
$8,285,742 |
| 26 |
$15,392,940 |
$5,655,718
$1,039,023 |
$8,698,199 |
| 27 |
$16,162,436 |
$5,940,432
$1,090,964 |
$9,131,040 |
| 28 |
$16,970,588 |
$6,239,448
$1,145,515 |
$9,585,625 |
| 29 |
$17,819,208 |
$6,553,437
$1,202,797 |
$10,062,974 |
| 30 |
$18,710,108 |
$6,883,070
$1,262,932 |
$10,564,106 |
|
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