The jackpot for the MEGA Millions draw on Tue Oct 14, 2025, is projected to be $600 Million, with an option for a cash payout of $277.2 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 Tue Oct 14, 2025 |
|---|
| Draw Date | Tue Oct 14, 2025 | | Projected Jackpot | $600,000,000 | | Cash Value | $277,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $277,200,000 | | Federal Tax(24%) | $66,528,000 | | Additional Federal Tax | $35,996,330 | | State Tax(6.75%) | $18,711,000 | | Net Lumpsum Payment | $155,964,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,030,600 |
$3,301,652
$609,566 |
$5,119,382 |
| 2 |
$9,482,400 |
$3,468,818
$640,062 |
$5,373,520 |
| 3 |
$9,956,400 |
$3,644,198
$672,057 |
$5,640,145 |
| 4 |
$10,454,400 |
$3,828,458
$705,672 |
$5,920,270 |
| 5 |
$10,977,000 |
$4,021,820
$740,948 |
$6,214,232 |
| 6 |
$11,526,000 |
$4,224,950
$778,005 |
$6,523,045 |
| 7 |
$12,102,000 |
$4,438,070
$816,885 |
$6,847,045 |
| 8 |
$12,707,400 |
$4,662,068
$857,750 |
$7,187,582 |
| 9 |
$13,342,800 |
$4,897,166
$900,639 |
$7,544,995 |
| 10 |
$14,010,000 |
$5,144,030
$945,675 |
$7,920,295 |
| 11 |
$14,710,200 |
$5,403,104
$992,939 |
$8,314,157 |
| 12 |
$15,445,800 |
$5,675,276
$1,042,592 |
$8,727,932 |
| 13 |
$16,218,000 |
$5,960,990
$1,094,715 |
$9,162,295 |
| 14 |
$17,029,200 |
$6,261,134
$1,149,471 |
$9,618,595 |
| 15 |
$17,880,600 |
$6,576,152
$1,206,941 |
$10,097,507 |
| 16 |
$18,774,600 |
$6,906,932
$1,267,286 |
$10,600,382 |
| 17 |
$19,713,000 |
$7,254,140
$1,330,628 |
$11,128,232 |
| 18 |
$20,698,800 |
$7,618,886
$1,397,169 |
$11,682,745 |
| 19 |
$21,733,800 |
$8,001,836
$1,467,032 |
$12,264,932 |
| 20 |
$22,820,400 |
$8,403,878
$1,540,377 |
$12,876,145 |
| 21 |
$23,961,600 |
$8,826,122
$1,617,408 |
$13,518,070 |
| 22 |
$25,159,800 |
$9,269,456
$1,698,287 |
$14,192,057 |
| 23 |
$26,417,400 |
$9,734,768
$1,783,175 |
$14,899,457 |
| 24 |
$27,738,600 |
$10,223,612
$1,872,356 |
$15,642,632 |
| 25 |
$29,125,200 |
$10,736,654
$1,965,951 |
$16,422,595 |
| 26 |
$30,582,000 |
$11,275,670
$2,064,285 |
$17,242,045 |
| 27 |
$32,110,800 |
$11,841,326
$2,167,479 |
$18,101,995 |
| 28 |
$33,716,400 |
$12,435,398
$2,275,857 |
$19,005,145 |
| 29 |
$35,402,400 |
$13,059,218
$2,389,662 |
$19,953,520 |
| 30 |
$37,172,400 |
$13,714,118
$2,509,137 |
$20,949,145 |
|
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