Jackpot Analysis Montana Mega Millions

Jackpot Analysis for Montana Mega Millions
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 DateTue 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