Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 25, 2025 is estimated to be $181 Million, with a cash option of 82.7 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 Feb 25, 2025

Draw Date	Jackpot	Cash Option
Tue Feb 25, 2025	$181,000,000	$82,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,700,000
Federal Tax(24%)	$19,848,000
Additional Federal Tax	$10,711,330
State Tax(6.75%)	$5,582,250
Net Lumpsum Payment	$46,558,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,724,231	-$968,296 -$183,886	$1,572,049
2	$2,860,524	-$1,018,724 -$193,085	$1,648,715
3	$3,003,514	-$1,071,631 -$202,737	$1,729,146
4	$3,153,744	-$1,127,216 -$212,878	$1,813,650
5	$3,311,395	-$1,185,547 -$223,519	$1,902,329
6	$3,477,010	-$1,246,824 -$234,698	$1,995,488
7	$3,650,770	-$1,311,115 -$246,427	$2,093,228
8	$3,833,399	-$1,378,688 -$258,754	$2,195,957
9	$4,025,078	-$1,449,609 -$271,693	$2,303,776
10	$4,226,350	-$1,524,080 -$285,279	$2,416,991
11	$4,437,577	-$1,602,234 -$299,536	$2,535,807
12	$4,659,483	-$1,684,339 -$314,515	$2,660,629
13	$4,892,430	-$1,770,529 -$330,239	$2,791,662
14	$5,137,142	-$1,861,073 -$346,757	$2,929,312
15	$5,393,981	-$1,956,103 -$364,094	$3,073,784
16	$5,663,671	-$2,055,889 -$382,298	$3,225,484
17	$5,946,755	-$2,160,630 -$401,406	$3,384,719
18	$6,244,138	-$2,270,661 -$421,479	$3,551,998
19	$6,556,363	-$2,386,185 -$442,555	$3,727,623
20	$6,884,154	-$2,507,467 -$464,680	$3,912,007
21	$7,228,416	-$2,634,844 -$487,918	$4,105,654
22	$7,589,873	-$2,768,583 -$512,316	$4,308,974
23	$7,969,249	-$2,908,953 -$537,924	$4,522,372
24	$8,367,811	-$3,056,420 -$564,827	$4,746,564
25	$8,786,102	-$3,211,188 -$593,062	$4,981,852
26	$9,225,570	-$3,373,791 -$622,726	$5,229,053
27	$9,686,758	-$3,544,431 -$653,856	$5,488,471
28	$10,171,114	-$3,723,643 -$686,550	$5,760,921
29	$10,679,724	-$3,911,828 -$720,881	$6,047,015
30	$11,213,674	-$4,109,390 -$756,923	$6,347,361