The jackpot for the Powerball draw on Sat Mar 21, 2026, is projected to be $120 Million, with an option for a cash payout of $54.6 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 Mar 21, 2026 |
|---|
| Draw Date | Sat Mar 21, 2026 | | Projected Jackpot | $120,000,000 | | Cash Value | $54,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $54,600,000 | | Federal Tax(24%) | $13,104,000 | | Additional Federal Tax | $7,058,330 | | State Tax(6.75%) | $3,685,500 | | Net Lumpsum Payment | $30,752,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,806,120 |
$628,595
$121,913 |
$1,055,612 |
| 2 |
$1,896,480 |
$662,028
$128,012 |
$1,106,440 |
| 3 |
$1,991,280 |
$697,104
$134,411 |
$1,159,765 |
| 4 |
$2,090,880 |
$733,956
$141,134 |
$1,215,790 |
| 5 |
$2,195,400 |
$772,628
$148,190 |
$1,274,582 |
| 6 |
$2,305,200 |
$813,254
$155,601 |
$1,336,345 |
| 7 |
$2,420,400 |
$855,878
$163,377 |
$1,401,145 |
| 8 |
$2,541,480 |
$900,678
$171,550 |
$1,469,252 |
| 9 |
$2,668,560 |
$947,698
$180,128 |
$1,540,734 |
| 10 |
$2,802,000 |
$997,070
$189,135 |
$1,615,795 |
| 11 |
$2,942,040 |
$1,048,885
$198,588 |
$1,694,567 |
| 12 |
$3,089,160 |
$1,103,320
$208,518 |
$1,777,322 |
| 13 |
$3,243,600 |
$1,160,462
$218,943 |
$1,864,195 |
| 14 |
$3,405,840 |
$1,220,491
$229,894 |
$1,955,455 |
| 15 |
$3,576,120 |
$1,283,495
$241,388 |
$2,051,237 |
| 16 |
$3,754,920 |
$1,349,651
$253,457 |
$2,151,812 |
| 17 |
$3,942,600 |
$1,419,092
$266,126 |
$2,257,382 |
| 18 |
$4,139,760 |
$1,492,042
$279,434 |
$2,368,284 |
| 19 |
$4,346,760 |
$1,568,632
$293,406 |
$2,484,722 |
| 20 |
$4,564,080 |
$1,649,040
$308,075 |
$2,606,965 |
| 21 |
$4,792,320 |
$1,733,489
$323,482 |
$2,735,349 |
| 22 |
$5,031,960 |
$1,822,156
$339,657 |
$2,870,147 |
| 23 |
$5,283,480 |
$1,915,218
$356,635 |
$3,011,627 |
| 24 |
$5,547,720 |
$2,012,987
$374,471 |
$3,160,262 |
| 25 |
$5,825,040 |
$2,115,595
$393,190 |
$3,316,255 |
| 26 |
$6,116,400 |
$2,223,398
$412,857 |
$3,480,145 |
| 27 |
$6,422,160 |
$2,336,530
$433,496 |
$3,652,134 |
| 28 |
$6,743,280 |
$2,455,344
$455,171 |
$3,832,765 |
| 29 |
$7,080,480 |
$2,580,108
$477,932 |
$4,022,440 |
| 30 |
$7,434,480 |
$2,711,088
$501,827 |
$4,221,565 |
|
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