Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 10, 2025 is estimated to be $575 Million, with a cash option of 264.6 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 Oct 10, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 10, 2025	$575,000,000	$264,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$264,600,000
Federal Tax(24%)	$63,504,000
Additional Federal Tax	$34,358,330
State Tax(6.75%)	$17,860,500
Net Lumpsum Payment	$148,877,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,654,325	-$3,162,431 -$584,167	$4,907,727
2	$9,087,300	-$3,322,631 -$613,393	$5,151,276
3	$9,541,550	-$3,490,704 -$644,055	$5,406,791
4	$10,018,800	-$3,667,286 -$676,269	$5,675,245
5	$10,519,625	-$3,852,592 -$710,075	$5,956,958
6	$11,045,750	-$4,047,258 -$745,588	$6,252,904
7	$11,597,750	-$4,251,498 -$782,848	$6,563,404
8	$12,177,925	-$4,466,163 -$822,010	$6,889,752
9	$12,786,850	-$4,691,465 -$863,112	$7,232,273
10	$13,426,250	-$4,928,043 -$906,272	$7,591,935
11	$14,097,275	-$5,176,322 -$951,566	$7,969,387
12	$14,802,225	-$5,437,154 -$999,150	$8,365,921
13	$15,542,250	-$5,710,963 -$1,049,102	$8,782,185
14	$16,319,650	-$5,998,601 -$1,101,576	$9,219,473
15	$17,135,575	-$6,300,493 -$1,156,651	$9,678,431
16	$17,992,325	-$6,617,491 -$1,214,482	$10,160,352
17	$18,891,625	-$6,950,232 -$1,275,185	$10,666,208
18	$19,836,350	-$7,299,780 -$1,338,954	$11,197,616
19	$20,828,225	-$7,666,774 -$1,405,905	$11,755,546
20	$21,869,550	-$8,052,064 -$1,476,195	$12,341,291
21	$22,963,200	-$8,456,714 -$1,550,016	$12,956,470
22	$24,111,475	-$8,881,576 -$1,627,525	$13,602,374
23	$25,316,675	-$9,327,500 -$1,708,876	$14,280,299
24	$26,582,825	-$9,795,976 -$1,794,341	$14,992,508
25	$27,911,650	-$10,287,641 -$1,884,036	$15,739,973
26	$29,307,750	-$10,804,198 -$1,978,273	$16,525,279
27	$30,772,850	-$11,346,285 -$2,077,167	$17,349,398
28	$32,311,550	-$11,915,604 -$2,181,030	$18,214,916
29	$33,927,300	-$12,513,431 -$2,290,093	$19,123,776
30	$35,623,550	-$13,141,044 -$2,404,590	$20,077,916