Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 18, 2025 is estimated to be $112 Million, with a cash option of 49.3 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 Fri Apr 18, 2025

Draw Date	Jackpot	Cash Option
Fri Apr 18, 2025	$112,000,000	$49,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$49,300,000
Federal Tax(24%)	$11,832,000
Additional Federal Tax	$6,369,330
State Tax(6.75%)	$3,327,750
Net Lumpsum Payment	$27,770,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,685,712	-$584,044 -$113,786	$987,882
2	$1,770,048	-$615,248 -$119,478	$1,035,322
3	$1,858,528	-$647,986 -$125,451	$1,085,091
4	$1,951,488	-$682,381 -$131,725	$1,137,382
5	$2,049,040	-$718,475 -$138,310	$1,192,255
6	$2,151,520	-$756,393 -$145,228	$1,249,899
7	$2,259,040	-$796,175 -$152,485	$1,310,380
8	$2,372,048	-$837,988 -$160,113	$1,373,947
9	$2,490,656	-$881,873 -$168,119	$1,440,664
10	$2,615,200	-$927,954 -$176,526	$1,510,720
11	$2,745,904	-$976,315 -$185,349	$1,584,240
12	$2,883,216	-$1,027,120 -$194,617	$1,661,479
13	$3,027,360	-$1,080,454 -$204,347	$1,742,559
14	$3,178,784	-$1,136,480 -$214,568	$1,827,736
15	$3,337,712	-$1,195,284 -$225,296	$1,917,132
16	$3,504,592	-$1,257,029 -$236,560	$2,011,003
17	$3,679,760	-$1,321,842 -$248,384	$2,109,534
18	$3,863,776	-$1,389,928 -$260,805	$2,213,043
19	$4,056,976	-$1,461,412 -$273,846	$2,321,718
20	$4,259,808	-$1,536,459 -$287,537	$2,435,812
21	$4,472,832	-$1,615,278 -$301,916	$2,555,638
22	$4,696,496	-$1,698,034 -$317,013	$2,681,449
23	$4,931,248	-$1,784,892 -$332,859	$2,813,497
24	$5,177,872	-$1,876,143 -$349,506	$2,952,223
25	$5,436,704	-$1,971,911 -$366,978	$3,097,815
26	$5,708,640	-$2,072,527 -$385,333	$3,250,780
27	$5,994,016	-$2,178,116 -$404,596	$3,411,304
28	$6,293,728	-$2,289,010 -$424,827	$3,579,891
29	$6,608,448	-$2,405,456 -$446,070	$3,756,922
30	$6,938,848	-$2,527,704 -$468,372	$3,942,772