Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Montana MEGA Millions Jackpot/Cash Option for Tue Oct 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(6.75%)	$18,711,000
Net Lumpsum Payment	$155,964,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$609,566	$5,119,382
2	$9,482,400	-$3,468,818 -$640,062	$5,373,520
3	$9,956,400	-$3,644,198 -$672,057	$5,640,145
4	$10,454,400	-$3,828,458 -$705,672	$5,920,270
5	$10,977,000	-$4,021,820 -$740,948	$6,214,232
6	$11,526,000	-$4,224,950 -$778,005	$6,523,045
7	$12,102,000	-$4,438,070 -$816,885	$6,847,045
8	$12,707,400	-$4,662,068 -$857,750	$7,187,582
9	$13,342,800	-$4,897,166 -$900,639	$7,544,995
10	$14,010,000	-$5,144,030 -$945,675	$7,920,295
11	$14,710,200	-$5,403,104 -$992,939	$8,314,157
12	$15,445,800	-$5,675,276 -$1,042,592	$8,727,932
13	$16,218,000	-$5,960,990 -$1,094,715	$9,162,295
14	$17,029,200	-$6,261,134 -$1,149,471	$9,618,595
15	$17,880,600	-$6,576,152 -$1,206,941	$10,097,507
16	$18,774,600	-$6,906,932 -$1,267,286	$10,600,382
17	$19,713,000	-$7,254,140 -$1,330,628	$11,128,232
18	$20,698,800	-$7,618,886 -$1,397,169	$11,682,745
19	$21,733,800	-$8,001,836 -$1,467,032	$12,264,932
20	$22,820,400	-$8,403,878 -$1,540,377	$12,876,145
21	$23,961,600	-$8,826,122 -$1,617,408	$13,518,070
22	$25,159,800	-$9,269,456 -$1,698,287	$14,192,057
23	$26,417,400	-$9,734,768 -$1,783,175	$14,899,457
24	$27,738,600	-$10,223,612 -$1,872,356	$15,642,632
25	$29,125,200	-$10,736,654 -$1,965,951	$16,422,595
26	$30,582,000	-$11,275,670 -$2,064,285	$17,242,045
27	$32,110,800	-$11,841,326 -$2,167,479	$18,101,995
28	$33,716,400	-$12,435,398 -$2,275,857	$19,005,145
29	$35,402,400	-$13,059,218 -$2,389,662	$19,953,520
30	$37,172,400	-$13,714,118 -$2,509,137	$20,949,145