Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(6.75%)	$2,443,500
Net Lumpsum Payment	$20,402,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$81,275	$716,965
2	$1,264,320	-$428,129 -$85,342	$750,849
3	$1,327,520	-$451,513 -$89,608	$786,399
4	$1,393,920	-$476,081 -$94,090	$823,749
5	$1,463,600	-$501,862 -$98,793	$862,945
6	$1,536,800	-$528,946 -$103,734	$904,120
7	$1,613,600	-$557,362 -$108,918	$947,320
8	$1,694,320	-$587,229 -$114,367	$992,724
9	$1,779,040	-$618,575 -$120,085	$1,040,380
10	$1,868,000	-$651,490 -$126,090	$1,090,420
11	$1,961,360	-$686,034 -$132,392	$1,142,934
12	$2,059,440	-$722,323 -$139,012	$1,198,105
13	$2,162,400	-$760,418 -$145,962	$1,256,020
14	$2,270,560	-$800,438 -$153,263	$1,316,859
15	$2,384,080	-$842,440 -$160,925	$1,380,715
16	$2,503,280	-$886,544 -$168,971	$1,447,765
17	$2,628,400	-$932,838 -$177,417	$1,518,145
18	$2,759,840	-$981,471 -$186,289	$1,592,080
19	$2,897,840	-$1,032,531 -$195,604	$1,669,705
20	$3,042,720	-$1,086,137 -$205,384	$1,751,199
21	$3,194,880	-$1,142,436 -$215,654	$1,836,790
22	$3,354,640	-$1,201,547 -$226,438	$1,926,655
23	$3,522,320	-$1,263,589 -$237,757	$2,020,974
24	$3,698,480	-$1,328,768 -$249,647	$2,120,065
25	$3,883,360	-$1,397,174 -$262,127	$2,224,059
26	$4,077,600	-$1,469,042 -$275,238	$2,333,320
27	$4,281,440	-$1,544,463 -$288,997	$2,447,980
28	$4,495,520	-$1,623,673 -$303,448	$2,568,399
29	$4,720,320	-$1,706,849 -$318,622	$2,694,849
30	$4,956,320	-$1,794,169 -$334,552	$2,827,599