Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 11, 2025 is estimated to be $256 Million, with a cash option of 119.5 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 Mar 11, 2025

Draw Date	Jackpot	Cash Option
Tue Mar 11, 2025	$256,000,000	$119,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$119,500,000
Federal Tax(24%)	$28,680,000
Additional Federal Tax	$15,495,330
State Tax(6.75%)	$8,066,250
Net Lumpsum Payment	$67,258,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,853,056	-$1,385,961 -$260,081	$2,207,014
2	$4,045,824	-$1,457,285 -$273,093	$2,315,446
3	$4,248,064	-$1,532,114 -$286,744	$2,429,206
4	$4,460,544	-$1,610,732 -$301,087	$2,548,725
5	$4,683,520	-$1,693,233 -$316,138	$2,674,149
6	$4,917,760	-$1,779,902 -$331,949	$2,805,909
7	$5,163,520	-$1,870,833 -$348,538	$2,944,149
8	$5,421,824	-$1,966,405 -$365,973	$3,089,446
9	$5,692,928	-$2,066,714 -$384,273	$3,241,941
10	$5,977,600	-$2,172,042 -$403,488	$3,402,070
11	$6,276,352	-$2,282,581 -$423,654	$3,570,117
12	$6,590,208	-$2,398,707 -$444,839	$3,746,662
13	$6,919,680	-$2,520,612 -$467,078	$3,931,990
14	$7,265,792	-$2,648,673 -$490,441	$4,126,678
15	$7,629,056	-$2,783,081 -$514,961	$4,331,014
16	$8,010,496	-$2,924,214 -$540,708	$4,545,574
17	$8,410,880	-$3,072,356 -$567,734	$4,770,790
18	$8,831,488	-$3,227,981 -$596,125	$5,007,382
19	$9,273,088	-$3,391,373 -$625,933	$5,255,782
20	$9,736,704	-$3,562,911 -$657,228	$5,516,565
21	$10,223,616	-$3,743,068 -$690,094	$5,790,454
22	$10,734,848	-$3,932,224 -$724,602	$6,078,022
23	$11,271,424	-$4,130,757 -$760,821	$6,379,846
24	$11,835,136	-$4,339,331 -$798,872	$6,696,933
25	$12,426,752	-$4,558,229 -$838,806	$7,029,717
26	$13,048,320	-$4,788,209 -$880,762	$7,379,349
27	$13,700,608	-$5,029,555 -$924,791	$7,746,262
28	$14,385,664	-$5,283,026 -$971,032	$8,131,606
29	$15,105,024	-$5,549,189 -$1,019,589	$8,536,246
30	$15,860,224	-$5,828,613 -$1,070,565	$8,961,046