The jackpot for the Powerball draw on Sat Jul 19, 2025, is projected to be $288 Million, with an option for a cash payout of $130.6 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 19, 2025 |
|---|
| Draw Date | Sat Jul 19, 2025 | | Projected Jackpot | $288,000,000 | | Cash Value | $130,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $130,600,000 | | Federal Tax(24%) | $31,344,000 | | Additional Federal Tax | $16,938,330 | | State Tax(6.75%) | $8,815,500 | | Net Lumpsum Payment | $73,502,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,334,688 |
$1,564,165
$292,591 |
$2,477,932 |
| 2 |
$4,551,552 |
$1,644,405
$307,230 |
$2,599,917 |
| 3 |
$4,779,072 |
$1,728,587
$322,587 |
$2,727,898 |
| 4 |
$5,018,112 |
$1,817,032
$338,723 |
$2,862,357 |
| 5 |
$5,268,960 |
$1,909,846
$355,655 |
$3,003,459 |
| 6 |
$5,532,480 |
$2,007,348
$373,442 |
$3,151,690 |
| 7 |
$5,808,960 |
$2,109,646
$392,105 |
$3,307,209 |
| 8 |
$6,099,552 |
$2,217,165
$411,720 |
$3,470,667 |
| 9 |
$6,404,544 |
$2,330,012
$432,307 |
$3,642,225 |
| 10 |
$6,724,800 |
$2,448,506
$453,924 |
$3,822,370 |
| 11 |
$7,060,896 |
$2,572,862
$476,610 |
$4,011,424 |
| 12 |
$7,413,984 |
$2,703,504
$500,444 |
$4,210,036 |
| 13 |
$7,784,640 |
$2,840,647
$525,463 |
$4,418,530 |
| 14 |
$8,174,016 |
$2,984,716
$551,746 |
$4,637,554 |
| 15 |
$8,582,688 |
$3,135,925
$579,331 |
$4,867,432 |
| 16 |
$9,011,808 |
$3,294,699
$608,297 |
$5,108,812 |
| 17 |
$9,462,240 |
$3,461,359
$638,701 |
$5,362,180 |
| 18 |
$9,935,424 |
$3,636,437
$670,641 |
$5,628,346 |
| 19 |
$10,432,224 |
$3,820,253
$704,175 |
$5,907,796 |
| 20 |
$10,953,792 |
$4,013,233
$739,381 |
$6,201,178 |
| 21 |
$11,501,568 |
$4,215,911
$776,356 |
$6,509,301 |
| 22 |
$12,076,704 |
$4,428,711
$815,178 |
$6,832,815 |
| 23 |
$12,680,352 |
$4,652,061
$855,924 |
$7,172,367 |
| 24 |
$13,314,528 |
$4,886,706
$898,731 |
$7,529,091 |
| 25 |
$13,980,096 |
$5,132,966
$943,656 |
$7,903,474 |
| 26 |
$14,679,360 |
$5,391,694
$990,857 |
$8,296,809 |
| 27 |
$15,413,184 |
$5,663,208
$1,040,390 |
$8,709,586 |
| 28 |
$16,183,872 |
$5,948,363
$1,092,411 |
$9,143,098 |
| 29 |
$16,993,152 |
$6,247,797
$1,147,038 |
$9,598,317 |
| 30 |
$17,842,752 |
$6,562,149
$1,204,386 |
$10,076,217 |
|
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