Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(6.75%)	$4,583,250
Net Lumpsum Payment	$38,233,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$152,391	$1,309,598
2	$2,370,600	-$837,452 -$160,016	$1,373,132
3	$2,489,100	-$881,297 -$168,014	$1,439,789
4	$2,613,600	-$927,362 -$176,418	$1,509,820
5	$2,744,250	-$975,703 -$185,237	$1,583,310
6	$2,881,500	-$1,026,485 -$194,501	$1,660,514
7	$3,025,500	-$1,079,765 -$204,221	$1,741,514
8	$3,176,850	-$1,135,765 -$214,437	$1,826,648
9	$3,335,700	-$1,194,539 -$225,160	$1,916,001
10	$3,502,500	-$1,256,255 -$236,419	$2,009,826
11	$3,677,550	-$1,321,024 -$248,235	$2,108,291
12	$3,861,450	-$1,389,067 -$260,648	$2,211,735
13	$4,054,500	-$1,460,495 -$273,679	$2,320,326
14	$4,257,300	-$1,535,531 -$287,368	$2,434,401
15	$4,470,150	-$1,614,286 -$301,735	$2,554,129
16	$4,693,650	-$1,696,981 -$316,821	$2,679,848
17	$4,928,250	-$1,783,783 -$332,657	$2,811,810
18	$5,174,700	-$1,874,969 -$349,292	$2,950,439
19	$5,433,450	-$1,970,707 -$366,758	$3,095,985
20	$5,705,100	-$2,071,217 -$385,094	$3,248,789
21	$5,990,400	-$2,176,778 -$404,352	$3,409,270
22	$6,289,950	-$2,287,612 -$424,572	$3,577,766
23	$6,604,350	-$2,403,940 -$445,794	$3,754,616
24	$6,934,650	-$2,526,151 -$468,089	$3,940,410
25	$7,281,300	-$2,654,411 -$491,488	$4,135,401
26	$7,645,500	-$2,789,165 -$516,071	$4,340,264
27	$8,027,700	-$2,930,579 -$541,870	$4,555,251
28	$8,429,100	-$3,079,097 -$568,964	$4,781,039
29	$8,850,600	-$3,235,052 -$597,416	$5,018,132
30	$9,293,100	-$3,398,777 -$627,284	$5,267,039