The jackpot for the MEGA Millions draw on Fri Nov 22, 2024, is projected to be $453 Million, with an option for a cash payout of $209.6 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 Nov 22, 2024 |
|---|
| Draw Date | Fri Nov 22, 2024 | | Projected Jackpot | $453,000,000 | | Cash Value | $209,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $209,600,000 | | Federal Tax(24%) | $50,304,000 | | Additional Federal Tax | $27,208,330 | | State Tax(6.75%) | $14,148,000 | | Net Lumpsum Payment | $117,939,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,818,103 |
$2,483,028
$460,222 |
$3,874,853 |
| 2 |
$7,159,212 |
$2,609,239
$483,247 |
$4,066,726 |
| 3 |
$7,517,082 |
$2,741,651
$507,403 |
$4,268,028 |
| 4 |
$7,893,072 |
$2,880,767
$532,782 |
$4,479,523 |
| 5 |
$8,287,635 |
$3,026,755
$559,415 |
$4,701,465 |
| 6 |
$8,702,130 |
$3,180,118
$587,394 |
$4,934,618 |
| 7 |
$9,137,010 |
$3,341,024
$616,748 |
$5,179,238 |
| 8 |
$9,594,087 |
$3,510,143
$647,601 |
$5,436,343 |
| 9 |
$10,073,814 |
$3,687,642
$679,982 |
$5,706,190 |
| 10 |
$10,577,550 |
$3,874,024
$713,985 |
$5,989,541 |
| 11 |
$11,106,201 |
$4,069,625
$749,669 |
$6,286,907 |
| 12 |
$11,661,579 |
$4,275,115
$787,157 |
$6,599,307 |
| 13 |
$12,244,590 |
$4,490,829
$826,510 |
$6,927,251 |
| 14 |
$12,857,046 |
$4,717,437
$867,851 |
$7,271,758 |
| 15 |
$13,499,853 |
$4,955,276
$911,240 |
$7,633,337 |
| 16 |
$14,174,823 |
$5,205,015
$956,801 |
$8,013,007 |
| 17 |
$14,883,315 |
$5,467,157
$1,004,624 |
$8,411,534 |
| 18 |
$15,627,594 |
$5,742,540
$1,054,863 |
$8,830,191 |
| 19 |
$16,409,019 |
$6,031,667
$1,107,609 |
$9,269,743 |
| 20 |
$17,229,402 |
$6,335,209
$1,162,985 |
$9,731,208 |
| 21 |
$18,091,008 |
$6,654,003
$1,221,143 |
$10,215,862 |
| 22 |
$18,995,649 |
$6,988,721
$1,282,206 |
$10,724,722 |
| 23 |
$19,945,137 |
$7,340,031
$1,346,297 |
$11,258,809 |
| 24 |
$20,942,643 |
$7,709,108
$1,413,628 |
$11,819,907 |
| 25 |
$21,989,526 |
$8,096,455
$1,484,293 |
$12,408,778 |
| 26 |
$23,089,410 |
$8,503,412
$1,558,535 |
$13,027,463 |
| 27 |
$24,243,654 |
$8,930,482
$1,636,447 |
$13,676,725 |
| 28 |
$25,455,882 |
$9,379,007
$1,718,272 |
$14,358,603 |
| 29 |
$26,728,812 |
$9,849,991
$1,804,195 |
$15,074,626 |
| 30 |
$28,065,162 |
$10,344,440
$1,894,398 |
$15,826,324 |
|
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