Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 29, 2025 is estimated to be $70 Million, with a cash option of 31.8 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 Apr 29, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 29, 2025	$70,000,000	$31,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$31,800,000
Federal Tax(24%)	$7,632,000
Additional Federal Tax	$4,094,330
State Tax(6.75%)	$2,146,500
Net Lumpsum Payment	$17,927,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,053,570	-$350,151 -$71,116	$632,303
2	$1,106,280	-$369,654 -$74,674	$661,952
3	$1,161,580	-$390,115 -$78,407	$693,058
4	$1,219,680	-$411,612 -$82,328	$725,740
5	$1,280,650	-$434,171 -$86,444	$760,035
6	$1,344,700	-$457,869 -$90,767	$796,064
7	$1,411,900	-$482,733 -$95,303	$833,864
8	$1,482,530	-$508,866 -$100,071	$873,593
9	$1,556,660	-$536,295 -$105,075	$915,290
10	$1,634,500	-$565,095 -$110,329	$959,076
11	$1,716,190	-$595,321 -$115,843	$1,005,026
12	$1,802,010	-$627,074 -$121,636	$1,053,300
13	$1,892,100	-$660,407 -$127,717	$1,103,976
14	$1,986,740	-$695,424 -$134,105	$1,157,211
15	$2,086,070	-$732,176 -$140,810	$1,213,084
16	$2,190,370	-$770,767 -$147,850	$1,271,753
17	$2,299,850	-$811,275 -$155,240	$1,333,335
18	$2,414,860	-$853,829 -$163,003	$1,398,028
19	$2,535,610	-$898,506 -$171,154	$1,465,950
20	$2,662,380	-$945,411 -$179,711	$1,537,258
21	$2,795,520	-$994,673 -$188,698	$1,612,149
22	$2,935,310	-$1,046,395 -$198,133	$1,690,782
23	$3,082,030	-$1,100,681 -$208,037	$1,773,312
24	$3,236,170	-$1,157,713 -$218,441	$1,860,016
25	$3,397,940	-$1,217,568 -$229,361	$1,951,011
26	$3,567,900	-$1,280,453 -$240,833	$2,046,614
27	$3,746,260	-$1,346,447 -$252,873	$2,146,940
28	$3,933,580	-$1,415,755 -$265,517	$2,252,308
29	$4,130,280	-$1,488,534 -$278,794	$2,362,952
30	$4,336,780	-$1,564,939 -$292,733	$2,479,108