Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 3, 2025 is estimated to be $202 Million, with a cash option of 90 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 Tue Jun 3, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 3, 2025	$202,000,000	$90,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$90,000,000
Federal Tax(24%)	$21,600,000
Additional Federal Tax	$11,660,330
State Tax(6.75%)	$6,075,000
Net Lumpsum Payment	$50,664,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,040,302	-$1,085,242 -$205,220	$1,749,840
2	$3,192,408	-$1,141,521 -$215,488	$1,835,399
3	$3,351,988	-$1,200,566 -$226,259	$1,925,163
4	$3,519,648	-$1,262,600 -$237,576	$2,019,472
5	$3,695,590	-$1,327,699 -$249,452	$2,118,439
6	$3,880,420	-$1,396,086 -$261,928	$2,222,406
7	$4,074,340	-$1,467,836 -$275,018	$2,331,486
8	$4,278,158	-$1,543,249 -$288,776	$2,446,133
9	$4,492,076	-$1,622,399 -$303,215	$2,566,462
10	$4,716,700	-$1,705,509 -$318,377	$2,692,814
11	$4,952,434	-$1,792,731 -$334,289	$2,825,414
12	$5,200,086	-$1,884,362 -$351,006	$2,964,718
13	$5,460,060	-$1,980,553 -$368,554	$3,110,953
14	$5,733,164	-$2,081,601 -$386,989	$3,264,574
15	$6,019,802	-$2,187,657 -$406,337	$3,425,808
16	$6,320,782	-$2,299,020 -$426,653	$3,595,109
17	$6,636,710	-$2,415,913 -$447,978	$3,772,819
18	$6,968,596	-$2,538,711 -$470,380	$3,959,505
19	$7,317,046	-$2,667,637 -$493,901	$4,155,508
20	$7,682,868	-$2,802,992 -$518,594	$4,361,282
21	$8,067,072	-$2,945,147 -$544,527	$4,577,398
22	$8,470,466	-$3,094,403 -$571,756	$4,804,307
23	$8,893,858	-$3,251,058 -$600,335	$5,042,465
24	$9,338,662	-$3,415,635 -$630,360	$5,292,667
25	$9,805,484	-$3,588,359 -$661,870	$5,555,255
26	$10,295,940	-$3,769,828 -$694,976	$5,831,136
27	$10,810,636	-$3,960,266 -$729,718	$6,120,652
28	$11,351,188	-$4,160,270 -$766,205	$6,424,713
29	$11,918,808	-$4,370,289 -$804,520	$6,743,999
30	$12,514,708	-$4,590,772 -$844,743	$7,079,193