The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 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 Sep 19, 2025 |
|---|
| Draw Date | Fri Sep 19, 2025 | | Projected Jackpot | $423,000,000 | | Cash Value | $196,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $196,500,000 | | Federal Tax(24%) | $47,160,000 | | Additional Federal Tax | $25,505,330 | | State Tax(6.75%) | $13,263,750 | | Net Lumpsum Payment | $110,570,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,366,573 |
$2,315,962
$429,744 |
$3,620,867 |
| 2 |
$6,685,092 |
$2,433,814
$451,244 |
$3,800,034 |
| 3 |
$7,019,262 |
$2,557,457
$473,800 |
$3,988,005 |
| 4 |
$7,370,352 |
$2,687,361
$497,499 |
$4,185,492 |
| 5 |
$7,738,785 |
$2,823,681
$522,368 |
$4,392,736 |
| 6 |
$8,125,830 |
$2,966,887
$548,494 |
$4,610,449 |
| 7 |
$8,531,910 |
$3,117,137
$575,904 |
$4,838,869 |
| 8 |
$8,958,717 |
$3,275,056
$604,713 |
$5,078,948 |
| 9 |
$9,406,674 |
$3,440,800
$634,950 |
$5,330,924 |
| 10 |
$9,877,050 |
$3,614,839
$666,701 |
$5,595,510 |
| 11 |
$10,370,691 |
$3,797,486
$700,022 |
$5,873,183 |
| 12 |
$10,889,289 |
$3,989,367
$735,027 |
$6,164,895 |
| 13 |
$11,433,690 |
$4,190,796
$771,774 |
$6,471,120 |
| 14 |
$12,005,586 |
$4,402,397
$810,377 |
$6,792,812 |
| 15 |
$12,605,823 |
$4,624,485
$850,893 |
$7,130,445 |
| 16 |
$13,236,093 |
$4,857,685
$893,436 |
$7,484,972 |
| 17 |
$13,897,665 |
$5,102,466
$938,092 |
$7,857,107 |
| 18 |
$14,592,654 |
$5,359,612
$985,004 |
$8,248,038 |
| 19 |
$15,322,329 |
$5,629,592
$1,034,257 |
$8,658,480 |
| 20 |
$16,088,382 |
$5,913,032
$1,085,966 |
$9,089,384 |
| 21 |
$16,892,928 |
$6,210,714
$1,140,273 |
$9,541,941 |
| 22 |
$17,737,659 |
$6,523,264
$1,197,292 |
$10,017,103 |
| 23 |
$18,624,267 |
$6,851,309
$1,257,138 |
$10,515,820 |
| 24 |
$19,555,713 |
$7,195,944
$1,320,011 |
$11,039,758 |
| 25 |
$20,533,266 |
$7,557,639
$1,385,995 |
$11,589,632 |
| 26 |
$21,560,310 |
$7,937,645
$1,455,321 |
$12,167,344 |
| 27 |
$22,638,114 |
$8,336,433
$1,528,073 |
$12,773,608 |
| 28 |
$23,770,062 |
$8,755,253
$1,604,479 |
$13,410,330 |
| 29 |
$24,958,692 |
$9,195,046
$1,684,712 |
$14,078,934 |
| 30 |
$26,206,542 |
$9,656,751
$1,768,942 |
$14,780,849 |
|
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