Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 25, 2025 is estimated to be $120 Million, with a cash option of 52.8 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 Jul 25, 2025

Draw Date	Jackpot	Cash Option
Fri Jul 25, 2025	$120,000,000	$52,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$52,800,000
Federal Tax(24%)	$12,672,000
Additional Federal Tax	$6,824,330
State Tax(6.75%)	$3,564,000
Net Lumpsum Payment	$29,739,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	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