Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 17, 2025 is estimated to be $280 Million, with a cash option of 126.1 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 Jun 17, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 17, 2025	$280,000,000	$126,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$126,100,000
Federal Tax(24%)	$30,264,000
Additional Federal Tax	$16,353,330
State Tax(6.75%)	$8,511,750
Net Lumpsum Payment	$70,970,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,214,280	-$1,519,614 -$284,464	$2,410,202
2	$4,425,120	-$1,597,625 -$298,696	$2,528,799
3	$4,646,320	-$1,679,469 -$313,627	$2,653,224
4	$4,878,720	-$1,765,457 -$329,314	$2,783,949
5	$5,122,600	-$1,855,692 -$345,776	$2,921,132
6	$5,378,800	-$1,950,486 -$363,069	$3,065,245
7	$5,647,600	-$2,049,942 -$381,213	$3,216,445
8	$5,930,120	-$2,154,475 -$400,283	$3,375,362
9	$6,226,640	-$2,264,187 -$420,298	$3,542,155
10	$6,538,000	-$2,379,390 -$441,315	$3,717,295
11	$6,864,760	-$2,500,292 -$463,371	$3,901,097
12	$7,208,040	-$2,627,305 -$486,543	$4,094,192
13	$7,568,400	-$2,760,638 -$510,867	$4,296,895
14	$7,946,960	-$2,900,706 -$536,420	$4,509,834
15	$8,344,280	-$3,047,714 -$563,239	$4,733,327
16	$8,761,480	-$3,202,078 -$591,400	$4,968,002
17	$9,199,400	-$3,364,108 -$620,960	$5,214,332
18	$9,659,440	-$3,534,323 -$652,012	$5,473,105
19	$10,142,440	-$3,713,033 -$684,615	$5,744,792
20	$10,649,520	-$3,900,653 -$718,843	$6,030,024
21	$11,182,080	-$4,097,700 -$754,790	$6,329,590
22	$11,741,240	-$4,304,589 -$792,534	$6,644,117
23	$12,328,120	-$4,521,735 -$832,148	$6,974,237
24	$12,944,680	-$4,749,862 -$873,766	$7,321,052
25	$13,591,760	-$4,989,282 -$917,444	$7,685,034
26	$14,271,600	-$5,240,822 -$963,333	$8,067,445
27	$14,985,040	-$5,504,795 -$1,011,490	$8,468,755
28	$15,734,320	-$5,782,029 -$1,062,067	$8,890,224
29	$16,521,120	-$6,073,145 -$1,115,176	$9,332,799
30	$17,347,120	-$6,378,765 -$1,170,931	$9,797,424