The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 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 Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(6.75%) | $9,834,750 | | Net Lumpsum Payment | $81,995,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$331,197 |
$2,799,647 |
| 2 |
$5,152,104 |
$1,866,609
$347,767 |
$2,937,728 |
| 3 |
$5,409,644 |
$1,961,899
$365,151 |
$3,082,594 |
| 4 |
$5,680,224 |
$2,062,013
$383,415 |
$3,234,796 |
| 5 |
$5,964,170 |
$2,167,073
$402,581 |
$3,394,516 |
| 6 |
$6,262,460 |
$2,277,441
$422,716 |
$3,562,303 |
| 7 |
$6,575,420 |
$2,393,236
$443,841 |
$3,738,343 |
| 8 |
$6,904,354 |
$2,514,941
$466,044 |
$3,923,369 |
| 9 |
$7,249,588 |
$2,642,678
$489,347 |
$4,117,563 |
| 10 |
$7,612,100 |
$2,776,807
$513,817 |
$4,321,476 |
| 11 |
$7,992,542 |
$2,917,571
$539,497 |
$4,535,474 |
| 12 |
$8,392,218 |
$3,065,451
$566,475 |
$4,760,292 |
| 13 |
$8,811,780 |
$3,220,689
$594,795 |
$4,996,296 |
| 14 |
$9,252,532 |
$3,383,767
$624,546 |
$5,244,219 |
| 15 |
$9,715,126 |
$3,554,927
$655,771 |
$5,504,428 |
| 16 |
$10,200,866 |
$3,734,651
$688,558 |
$5,777,657 |
| 17 |
$10,710,730 |
$3,923,300
$722,974 |
$6,064,456 |
| 18 |
$11,246,348 |
$4,121,479
$759,128 |
$6,365,741 |
| 19 |
$11,808,698 |
$4,329,549
$797,087 |
$6,682,062 |
| 20 |
$12,399,084 |
$4,547,991
$836,938 |
$7,014,155 |
| 21 |
$13,019,136 |
$4,777,411
$878,792 |
$7,362,933 |
| 22 |
$13,670,158 |
$5,018,289
$922,736 |
$7,729,133 |
| 23 |
$14,353,454 |
$5,271,108
$968,858 |
$8,113,488 |
| 24 |
$15,071,306 |
$5,536,714
$1,017,313 |
$8,517,279 |
| 25 |
$15,824,692 |
$5,815,466
$1,068,167 |
$8,941,059 |
| 26 |
$16,616,220 |
$6,108,332
$1,121,595 |
$9,386,293 |
| 27 |
$17,446,868 |
$6,415,672
$1,177,664 |
$9,853,532 |
| 28 |
$18,319,244 |
$6,738,451
$1,236,549 |
$10,344,244 |
| 29 |
$19,235,304 |
$7,077,393
$1,298,383 |
$10,859,528 |
| 30 |
$20,197,004 |
$7,433,222
$1,363,298 |
$11,400,484 |
|
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