The jackpot for the MEGA Millions draw on Fri Oct 17, 2025, is projected to be $625 Million, with an option for a cash payout of $288.8 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 Oct 17, 2025 |
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Draw Date | Fri Oct 17, 2025 | Projected Jackpot | $625,000,000 | Cash Value | $288,800,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $288,800,000 | Federal Tax(24%) | $69,312,000 | Additional Federal Tax | $37,504,330 | State Tax(6.75%) | $19,494,000 | Net Lumpsum Payment | $162,489,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$9,406,875 |
$3,440,874 $634,964 |
$5,331,037 |
2 |
$9,877,500 |
$3,615,005 $666,731 |
$5,595,764 |
3 |
$10,371,250 |
$3,797,693 $700,059 |
$5,873,498 |
4 |
$10,890,000 |
$3,989,630 $735,075 |
$6,165,295 |
5 |
$11,434,375 |
$4,191,049 $771,820 |
$6,471,506 |
6 |
$12,006,250 |
$4,402,643 $810,422 |
$6,793,185 |
7 |
$12,606,250 |
$4,624,643 $850,922 |
$7,130,685 |
8 |
$13,236,875 |
$4,857,974 $893,489 |
$7,485,412 |
9 |
$13,898,750 |
$5,102,868 $938,166 |
$7,857,716 |
10 |
$14,593,750 |
$5,360,018 $985,078 |
$8,248,654 |
11 |
$15,323,125 |
$5,629,887 $1,034,311 |
$8,658,927 |
12 |
$16,089,375 |
$5,913,399 $1,086,033 |
$9,089,943 |
13 |
$16,893,750 |
$6,211,018 $1,140,328 |
$9,542,404 |
14 |
$17,738,750 |
$6,523,668 $1,197,366 |
$10,017,716 |
15 |
$18,625,625 |
$6,851,812 $1,257,230 |
$10,516,583 |
16 |
$19,556,875 |
$7,196,374 $1,320,089 |
$11,040,412 |
17 |
$20,534,375 |
$7,558,049 $1,386,070 |
$11,590,256 |
18 |
$21,561,250 |
$7,937,993 $1,455,384 |
$12,167,873 |
19 |
$22,639,375 |
$8,336,899 $1,528,158 |
$12,774,318 |
20 |
$23,771,250 |
$8,755,693 $1,604,559 |
$13,410,998 |
21 |
$24,960,000 |
$9,195,530 $1,684,800 |
$14,079,670 |
22 |
$26,208,125 |
$9,657,337 $1,769,048 |
$14,781,740 |
23 |
$27,518,125 |
$10,142,037 $1,857,473 |
$15,518,615 |
24 |
$28,894,375 |
$10,651,249 $1,950,370 |
$16,292,756 |
25 |
$30,338,750 |
$11,185,668 $2,047,866 |
$17,105,216 |
26 |
$31,856,250 |
$11,747,143 $2,150,297 |
$17,958,810 |
27 |
$33,448,750 |
$12,336,368 $2,257,791 |
$18,854,591 |
28 |
$35,121,250 |
$12,955,193 $2,370,684 |
$19,795,373 |
29 |
$36,877,500 |
$13,605,005 $2,489,231 |
$20,783,264 |
30 |
$38,721,250 |
$14,287,193 $2,613,684 |
$21,820,373 |
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