Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 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 Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(6.75%)	$25,089,750
Net Lumpsum Payment	$209,120,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$812,754	$6,812,620
2	$12,643,200	-$4,638,314 -$853,416	$7,151,470
3	$13,275,200	-$4,872,154 -$896,076	$7,506,970
4	$13,939,200	-$5,117,834 -$940,896	$7,880,470
5	$14,636,000	-$5,375,650 -$987,930	$8,272,420
6	$15,368,000	-$5,646,490 -$1,037,340	$8,684,170
7	$16,136,000	-$5,930,650 -$1,089,180	$9,116,170
8	$16,943,200	-$6,229,314 -$1,143,666	$9,570,220
9	$17,790,400	-$6,542,778 -$1,200,852	$10,046,770
10	$18,680,000	-$6,871,930 -$1,260,900	$10,547,170
11	$19,613,600	-$7,217,362 -$1,323,918	$11,072,320
12	$20,594,400	-$7,580,258 -$1,390,122	$11,624,020
13	$21,624,000	-$7,961,210 -$1,459,620	$12,203,170
14	$22,705,600	-$8,361,402 -$1,532,628	$12,811,570
15	$23,840,800	-$8,781,426 -$1,609,254	$13,450,120
16	$25,032,800	-$9,222,466 -$1,689,714	$14,120,620
17	$26,284,000	-$9,685,410 -$1,774,170	$14,824,420
18	$27,598,400	-$10,171,738 -$1,862,892	$15,563,770
19	$28,978,400	-$10,682,338 -$1,956,042	$16,340,020
20	$30,427,200	-$11,218,394 -$2,053,836	$17,154,970
21	$31,948,800	-$11,781,386 -$2,156,544	$18,010,870
22	$33,546,400	-$12,372,498 -$2,264,382	$18,909,520
23	$35,223,200	-$12,992,914 -$2,377,566	$19,852,720
24	$36,984,800	-$13,644,706 -$2,496,474	$20,843,620
25	$38,833,600	-$14,328,762 -$2,621,268	$21,883,570
26	$40,776,000	-$15,047,450 -$2,752,380	$22,976,170
27	$42,814,400	-$15,801,658 -$2,889,972	$24,122,770
28	$44,955,200	-$16,593,754 -$3,034,476	$25,326,970
29	$47,203,200	-$17,425,514 -$3,186,216	$26,591,470
30	$49,563,200	-$18,298,714 -$3,345,516	$27,918,970