Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 1, 2025 is estimated to be $29 Million, with a cash option of 13.3 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 Apr 1, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 1, 2025	$29,000,000	$13,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$13,300,000
Federal Tax(24%)	$3,192,000
Additional Federal Tax	$1,689,330
State Tax(6.75%)	$897,750
Net Lumpsum Payment	$7,520,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$436,479	-$121,828 -$29,462	$285,189
2	$458,316	-$129,907 -$30,936	$297,473
3	$481,226	-$138,384 -$32,483	$310,359
4	$505,296	-$147,290 -$34,107	$323,899
5	$530,555	-$156,636 -$35,812	$338,107
6	$557,090	-$166,454 -$37,604	$353,032
7	$584,930	-$176,754 -$39,483	$368,693
8	$614,191	-$187,581 -$41,458	$385,152
9	$644,902	-$198,944 -$43,531	$402,427
10	$677,150	-$210,876 -$45,708	$420,566
11	$710,993	-$223,398 -$47,992	$439,603
12	$746,547	-$236,553 -$50,392	$459,602
13	$783,870	-$250,362 -$52,911	$480,597
14	$823,078	-$264,869 -$55,558	$502,651
15	$864,229	-$280,095 -$58,335	$525,799
16	$907,439	-$296,083 -$61,252	$550,104
17	$952,795	-$312,865 -$64,314	$575,616
18	$1,000,442	-$330,494 -$67,530	$602,418
19	$1,050,467	-$349,003 -$70,907	$630,557
20	$1,102,986	-$368,435 -$74,452	$660,099
21	$1,158,144	-$388,844 -$78,175	$691,125
22	$1,216,057	-$410,271 -$82,084	$723,702
23	$1,276,841	-$432,762 -$86,187	$757,892
24	$1,340,699	-$456,389 -$90,497	$793,813
25	$1,407,718	-$481,186 -$95,021	$831,511
26	$1,478,130	-$507,238 -$99,774	$871,118
27	$1,552,022	-$534,579 -$104,761	$912,682
28	$1,629,626	-$563,292 -$110,000	$956,334
29	$1,711,116	-$593,443 -$115,500	$1,002,173
30	$1,796,666	-$625,097 -$121,275	$1,050,294