The jackpot for the MEGA Millions draw on Fri Aug 15, 2025, is projected to be $198 Million, with an option for a cash payout of $89.3 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 Aug 15, 2025 |
|---|
| Draw Date | Fri Aug 15, 2025 | | Projected Jackpot | $198,000,000 | | Cash Value | $89,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $89,300,000 | | Federal Tax(24%) | $21,432,000 | | Additional Federal Tax | $11,569,330 | | State Tax(6.75%) | $6,027,750 | | Net Lumpsum Payment | $50,270,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,980,098 |
$1,062,967
$201,157 |
$1,715,974 |
| 2 |
$3,129,192 |
$1,118,131
$211,220 |
$1,799,841 |
| 3 |
$3,285,612 |
$1,176,007
$221,779 |
$1,887,826 |
| 4 |
$3,449,952 |
$1,236,813
$232,872 |
$1,980,267 |
| 5 |
$3,622,410 |
$1,300,622
$244,513 |
$2,077,275 |
| 6 |
$3,803,580 |
$1,367,655
$256,742 |
$2,179,183 |
| 7 |
$3,993,660 |
$1,437,985
$269,572 |
$2,286,103 |
| 8 |
$4,193,442 |
$1,511,904
$283,057 |
$2,398,481 |
| 9 |
$4,403,124 |
$1,589,486
$297,211 |
$2,516,427 |
| 10 |
$4,623,300 |
$1,670,951
$312,073 |
$2,640,276 |
| 11 |
$4,854,366 |
$1,756,446
$327,670 |
$2,770,250 |
| 12 |
$5,097,114 |
$1,846,263
$344,055 |
$2,906,796 |
| 13 |
$5,351,940 |
$1,940,548
$361,256 |
$3,050,136 |
| 14 |
$5,619,636 |
$2,039,596
$379,325 |
$3,200,715 |
| 15 |
$5,900,598 |
$2,143,552
$398,290 |
$3,358,756 |
| 16 |
$6,195,618 |
$2,252,709
$418,204 |
$3,524,705 |
| 17 |
$6,505,290 |
$2,367,288
$439,107 |
$3,698,895 |
| 18 |
$6,830,604 |
$2,487,654
$461,066 |
$3,881,884 |
| 19 |
$7,172,154 |
$2,614,027
$484,120 |
$4,074,007 |
| 20 |
$7,530,732 |
$2,746,701
$508,324 |
$4,275,707 |
| 21 |
$7,907,328 |
$2,886,042
$533,745 |
$4,487,541 |
| 22 |
$8,302,734 |
$3,032,342
$560,435 |
$4,709,957 |
| 23 |
$8,717,742 |
$3,185,895
$588,448 |
$4,943,399 |
| 24 |
$9,153,738 |
$3,347,213
$617,877 |
$5,188,648 |
| 25 |
$9,611,316 |
$3,516,517
$648,764 |
$5,446,035 |
| 26 |
$10,092,060 |
$3,694,393
$681,214 |
$5,716,453 |
| 27 |
$10,596,564 |
$3,881,059
$715,268 |
$6,000,237 |
| 28 |
$11,126,412 |
$4,077,103
$751,033 |
$6,298,276 |
| 29 |
$11,682,792 |
$4,282,963
$788,588 |
$6,611,241 |
| 30 |
$12,266,892 |
$4,499,080
$828,015 |
$6,939,797 |
|
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