Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 2, 2025 is estimated to be $302 Million, with a cash option of 136 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 Sep 2, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 2, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(6.75%)	$9,180,000
Net Lumpsum Payment	$76,539,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$306,815	$2,596,458
2	$4,772,808	-$1,726,269 -$322,165	$2,724,374
3	$5,011,388	-$1,814,544 -$338,269	$2,858,575
4	$5,262,048	-$1,907,288 -$355,188	$2,999,572
5	$5,525,090	-$2,004,614 -$372,944	$3,147,532
6	$5,801,420	-$2,106,856 -$391,596	$3,302,968
7	$6,091,340	-$2,214,126 -$411,165	$3,466,049
8	$6,396,058	-$2,326,872 -$431,734	$3,637,452
9	$6,715,876	-$2,445,205 -$453,322	$3,817,349
10	$7,051,700	-$2,569,459 -$475,990	$4,006,251
11	$7,404,134	-$2,699,860 -$499,779	$4,204,495
12	$7,774,386	-$2,836,853 -$524,771	$4,412,762
13	$8,163,060	-$2,980,663 -$551,007	$4,631,390
14	$8,571,364	-$3,131,735 -$578,567	$4,861,062
15	$8,999,902	-$3,290,294 -$607,493	$5,102,115
16	$9,449,882	-$3,456,787 -$637,867	$5,355,228
17	$9,922,210	-$3,631,548 -$669,749	$5,620,913
18	$10,418,396	-$3,815,137 -$703,242	$5,900,017
19	$10,939,346	-$4,007,888 -$738,406	$6,193,052
20	$11,486,268	-$4,210,250 -$775,323	$6,500,695
21	$12,060,672	-$4,422,779 -$814,095	$6,823,798
22	$12,663,766	-$4,645,924 -$854,804	$7,163,038
23	$13,296,758	-$4,880,131 -$897,531	$7,519,096
24	$13,961,762	-$5,126,182 -$942,419	$7,893,161
25	$14,659,684	-$5,384,413 -$989,529	$8,285,742
26	$15,392,940	-$5,655,718 -$1,039,023	$8,698,199
27	$16,162,436	-$5,940,432 -$1,090,964	$9,131,040
28	$16,970,588	-$6,239,448 -$1,145,515	$9,585,625
29	$17,819,208	-$6,553,437 -$1,202,797	$10,062,974
30	$18,710,108	-$6,883,070 -$1,262,932	$10,564,106