Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 13, 2025 is estimated to be $110 Million, with a cash option of 49.4 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 May 13, 2025

Draw Date	Jackpot	Cash Option
Tue May 13, 2025	$110,000,000	$49,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$49,400,000
Federal Tax(24%)	$11,856,000
Additional Federal Tax	$6,382,330
State Tax(6.75%)	$3,334,500
Net Lumpsum Payment	$27,827,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,655,610	-$572,906 -$111,754	$970,950
2	$1,738,440	-$603,553 -$117,345	$1,017,542
3	$1,825,340	-$635,706 -$123,210	$1,066,424
4	$1,916,640	-$669,487 -$129,373	$1,117,780
5	$2,012,450	-$704,937 -$135,840	$1,171,673
6	$2,113,100	-$742,177 -$142,634	$1,228,289
7	$2,218,700	-$781,249 -$149,762	$1,287,689
8	$2,329,690	-$822,316 -$157,254	$1,350,120
9	$2,446,180	-$865,417 -$165,117	$1,415,646
10	$2,568,500	-$910,675 -$173,374	$1,484,451
11	$2,696,870	-$958,172 -$182,039	$1,556,659
12	$2,831,730	-$1,008,070 -$191,142	$1,632,518
13	$2,973,300	-$1,060,451 -$200,698	$1,712,151
14	$3,122,020	-$1,115,478 -$210,736	$1,795,806
15	$3,278,110	-$1,173,231 -$221,272	$1,883,607
16	$3,442,010	-$1,233,874 -$232,336	$1,975,800
17	$3,614,050	-$1,297,529 -$243,948	$2,072,573
18	$3,794,780	-$1,364,399 -$256,148	$2,174,233
19	$3,984,530	-$1,434,606 -$268,956	$2,280,968
20	$4,183,740	-$1,508,314 -$282,402	$2,393,024
21	$4,392,960	-$1,585,726 -$296,525	$2,510,709
22	$4,612,630	-$1,667,003 -$311,353	$2,634,274
23	$4,843,190	-$1,752,311 -$326,915	$2,763,964
24	$5,085,410	-$1,841,932 -$343,265	$2,900,213
25	$5,339,620	-$1,935,990 -$360,424	$3,043,206
26	$5,606,700	-$2,034,809 -$378,452	$3,193,439
27	$5,886,980	-$2,138,513 -$397,371	$3,351,096
28	$6,181,340	-$2,247,426 -$417,240	$3,516,674
29	$6,490,440	-$2,361,793 -$438,105	$3,690,542
30	$6,814,940	-$2,481,858 -$460,008	$3,873,074