Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 27, 2025 is estimated to be $348 Million, with a cash option of 155.5 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Montana, your state will take 6.75% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Montana MEGA Millions Jackpot/Cash Option for Fri Jun 27, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 27, 2025	$348,000,000	$155,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$155,500,000
Federal Tax(24%)	$37,320,000
Additional Federal Tax	$20,175,330
State Tax(6.75%)	$10,496,250
Net Lumpsum Payment	$87,508,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,237,748	-$1,898,297 -$353,548	$2,985,903
2	$5,499,792	-$1,995,253 -$371,236	$3,133,303
3	$5,774,712	-$2,096,974 -$389,793	$3,287,945
4	$6,063,552	-$2,203,845 -$409,290	$3,450,417
5	$6,366,660	-$2,315,995 -$429,750	$3,620,915
6	$6,685,080	-$2,433,810 -$451,243	$3,800,027
7	$7,019,160	-$2,557,420 -$473,793	$3,987,947
8	$7,370,292	-$2,687,338 -$497,495	$4,185,459
9	$7,738,824	-$2,823,695 -$522,371	$4,392,758
10	$8,125,800	-$2,966,876 -$548,492	$4,610,432
11	$8,531,916	-$3,117,139 -$575,904	$4,838,873
12	$8,958,564	-$3,274,999 -$604,703	$5,078,862
13	$9,406,440	-$3,440,713 -$634,935	$5,330,792
14	$9,876,936	-$3,614,797 -$666,693	$5,595,446
15	$10,370,748	-$3,797,507 -$700,025	$5,873,216
16	$10,889,268	-$3,989,360 -$735,026	$6,164,882
17	$11,433,540	-$4,190,740 -$771,764	$6,471,036
18	$12,005,304	-$4,402,293 -$810,358	$6,792,653
19	$12,605,604	-$4,624,404 -$850,878	$7,130,322
20	$13,235,832	-$4,857,588 -$893,419	$7,484,825
21	$13,897,728	-$5,102,490 -$938,097	$7,857,141
22	$14,592,684	-$5,359,623 -$985,006	$8,248,055
23	$15,322,092	-$5,629,504 -$1,034,241	$8,658,347
24	$16,088,388	-$5,913,034 -$1,085,966	$9,089,388
25	$16,892,616	-$6,210,598 -$1,140,252	$9,541,766
26	$17,737,560	-$6,523,228 -$1,197,285	$10,017,047
27	$18,624,264	-$6,851,308 -$1,257,138	$10,515,818
28	$19,555,512	-$7,195,870 -$1,319,997	$11,039,645
29	$20,533,392	-$7,557,685 -$1,386,004	$11,589,703
30	$21,559,992	-$7,937,527 -$1,455,299	$12,167,166