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 |
|---|
| Draw Date | Fri Oct 17, 2025 | | Projected Jackpot | $625,000,000 | | Cash Value | $288,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| 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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