The jackpot for the MEGA Millions draw on Fri May 2, 2025, is projected to be $80 Million, with an option for a cash payout of $36.4 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Montana residents, the state will deduct 6.75% from your lottery earnings.
| Montana MEGA Millions Jackpot/Cash Option for Fri May 2, 2025 |
|---|
| Draw Date | Fri May 2, 2025 | | Projected Jackpot | $80,000,000 | | Cash Value | $36,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $36,400,000 | | Federal Tax(24%) | $8,736,000 | | Additional Federal Tax | $4,692,330 | | State Tax(6.75%) | $2,457,000 | | Net Lumpsum Payment | $20,514,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,204,080 |
$405,840
$81,275 |
$716,965 |
| 2 |
$1,264,320 |
$428,129
$85,342 |
$750,849 |
| 3 |
$1,327,520 |
$451,513
$89,608 |
$786,399 |
| 4 |
$1,393,920 |
$476,081
$94,090 |
$823,749 |
| 5 |
$1,463,600 |
$501,862
$98,793 |
$862,945 |
| 6 |
$1,536,800 |
$528,946
$103,734 |
$904,120 |
| 7 |
$1,613,600 |
$557,362
$108,918 |
$947,320 |
| 8 |
$1,694,320 |
$587,229
$114,367 |
$992,724 |
| 9 |
$1,779,040 |
$618,575
$120,085 |
$1,040,380 |
| 10 |
$1,868,000 |
$651,490
$126,090 |
$1,090,420 |
| 11 |
$1,961,360 |
$686,034
$132,392 |
$1,142,934 |
| 12 |
$2,059,440 |
$722,323
$139,012 |
$1,198,105 |
| 13 |
$2,162,400 |
$760,418
$145,962 |
$1,256,020 |
| 14 |
$2,270,560 |
$800,438
$153,263 |
$1,316,859 |
| 15 |
$2,384,080 |
$842,440
$160,925 |
$1,380,715 |
| 16 |
$2,503,280 |
$886,544
$168,971 |
$1,447,765 |
| 17 |
$2,628,400 |
$932,838
$177,417 |
$1,518,145 |
| 18 |
$2,759,840 |
$981,471
$186,289 |
$1,592,080 |
| 19 |
$2,897,840 |
$1,032,531
$195,604 |
$1,669,705 |
| 20 |
$3,042,720 |
$1,086,137
$205,384 |
$1,751,199 |
| 21 |
$3,194,880 |
$1,142,436
$215,654 |
$1,836,790 |
| 22 |
$3,354,640 |
$1,201,547
$226,438 |
$1,926,655 |
| 23 |
$3,522,320 |
$1,263,589
$237,757 |
$2,020,974 |
| 24 |
$3,698,480 |
$1,328,768
$249,647 |
$2,120,065 |
| 25 |
$3,883,360 |
$1,397,174
$262,127 |
$2,224,059 |
| 26 |
$4,077,600 |
$1,469,042
$275,238 |
$2,333,320 |
| 27 |
$4,281,440 |
$1,544,463
$288,997 |
$2,447,980 |
| 28 |
$4,495,520 |
$1,623,673
$303,448 |
$2,568,399 |
| 29 |
$4,720,320 |
$1,706,849
$318,622 |
$2,694,849 |
| 30 |
$4,956,320 |
$1,794,169
$334,552 |
$2,827,599 |
|
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