The jackpot for the MEGA Millions draw on Tue Oct 21, 2025, is projected to be $650 Million, with an option for a cash payout of $304.1 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 21, 2025 |
|---|
| Draw Date | Tue Oct 21, 2025 | | Projected Jackpot | $650,000,000 | | Cash Value | $304,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $304,100,000 | | Federal Tax(24%) | $72,984,000 | | Additional Federal Tax | $39,493,330 | | State Tax(6.75%) | $20,526,750 | | Net Lumpsum Payment | $171,095,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,783,150 |
$3,580,096
$660,363 |
$5,542,691 |
| 2 |
$10,272,600 |
$3,761,192
$693,401 |
$5,818,007 |
| 3 |
$10,786,100 |
$3,951,187
$728,062 |
$6,106,851 |
| 4 |
$11,325,600 |
$4,150,802
$764,478 |
$6,410,320 |
| 5 |
$11,891,750 |
$4,360,278
$802,693 |
$6,728,779 |
| 6 |
$12,486,500 |
$4,580,335
$842,839 |
$7,063,326 |
| 7 |
$13,110,500 |
$4,811,215
$884,959 |
$7,414,326 |
| 8 |
$13,766,350 |
$5,053,880
$929,229 |
$7,783,241 |
| 9 |
$14,454,700 |
$5,308,569
$975,692 |
$8,170,439 |
| 10 |
$15,177,500 |
$5,576,005
$1,024,481 |
$8,577,014 |
| 11 |
$15,936,050 |
$5,856,669
$1,075,683 |
$9,003,698 |
| 12 |
$16,732,950 |
$6,151,522
$1,129,474 |
$9,451,954 |
| 13 |
$17,569,500 |
$6,461,045
$1,185,941 |
$9,922,514 |
| 14 |
$18,448,300 |
$6,786,201
$1,245,260 |
$10,416,839 |
| 15 |
$19,370,650 |
$7,127,471
$1,307,519 |
$10,935,660 |
| 16 |
$20,339,150 |
$7,485,816
$1,372,893 |
$11,480,441 |
| 17 |
$21,355,750 |
$7,861,958
$1,441,513 |
$12,052,279 |
| 18 |
$22,423,700 |
$8,257,099
$1,513,600 |
$12,653,001 |
| 19 |
$23,544,950 |
$8,671,962
$1,589,284 |
$13,283,704 |
| 20 |
$24,722,100 |
$9,107,507
$1,668,742 |
$13,945,851 |
| 21 |
$25,958,400 |
$9,564,938
$1,752,192 |
$14,641,270 |
| 22 |
$27,256,450 |
$10,045,217
$1,839,810 |
$15,371,423 |
| 23 |
$28,618,850 |
$10,549,305
$1,931,772 |
$16,137,773 |
| 24 |
$30,050,150 |
$11,078,886
$2,028,385 |
$16,942,879 |
| 25 |
$31,552,300 |
$11,634,681
$2,129,780 |
$17,787,839 |
| 26 |
$33,130,500 |
$12,218,615
$2,236,309 |
$18,675,576 |
| 27 |
$34,786,700 |
$12,831,409
$2,348,102 |
$19,607,189 |
| 28 |
$36,526,100 |
$13,474,987
$2,465,512 |
$20,585,601 |
| 29 |
$38,352,600 |
$14,150,792
$2,588,801 |
$21,613,007 |
| 30 |
$40,270,100 |
$14,860,267
$2,718,232 |
$22,691,601 |
|
|
