The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Aug 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(6.75%) | $5,076,000 | | Net Lumpsum Payment | $42,339,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$168,646 |
$1,445,057 |
| 2 |
$2,623,464 |
$931,012
$177,084 |
$1,515,368 |
| 3 |
$2,754,604 |
$979,534
$185,936 |
$1,589,134 |
| 4 |
$2,892,384 |
$1,030,512
$195,236 |
$1,666,636 |
| 5 |
$3,036,970 |
$1,084,009
$204,995 |
$1,747,966 |
| 6 |
$3,188,860 |
$1,140,209
$215,248 |
$1,833,403 |
| 7 |
$3,348,220 |
$1,199,172
$226,005 |
$1,923,043 |
| 8 |
$3,515,714 |
$1,261,145
$237,311 |
$2,017,258 |
| 9 |
$3,691,508 |
$1,326,188
$249,177 |
$2,116,143 |
| 10 |
$3,876,100 |
$1,394,487
$261,637 |
$2,219,976 |
| 11 |
$4,069,822 |
$1,466,165
$274,713 |
$2,328,944 |
| 12 |
$4,273,338 |
$1,541,465
$288,450 |
$2,443,423 |
| 13 |
$4,486,980 |
$1,620,513
$302,871 |
$2,563,596 |
| 14 |
$4,711,412 |
$1,703,553
$318,020 |
$2,689,839 |
| 15 |
$4,946,966 |
$1,790,708
$333,920 |
$2,822,338 |
| 16 |
$5,194,306 |
$1,882,224
$350,616 |
$2,961,466 |
| 17 |
$5,453,930 |
$1,978,284
$368,140 |
$3,107,506 |
| 18 |
$5,726,668 |
$2,079,198
$386,550 |
$3,260,920 |
| 19 |
$6,013,018 |
$2,185,147
$405,879 |
$3,421,992 |
| 20 |
$6,313,644 |
$2,296,379
$426,171 |
$3,591,094 |
| 21 |
$6,629,376 |
$2,413,200
$447,483 |
$3,768,693 |
| 22 |
$6,960,878 |
$2,535,855
$469,859 |
$3,955,164 |
| 23 |
$7,308,814 |
$2,664,592
$493,345 |
$4,150,877 |
| 24 |
$7,674,346 |
$2,799,838
$518,018 |
$4,356,490 |
| 25 |
$8,057,972 |
$2,941,780
$543,913 |
$4,572,279 |
| 26 |
$8,461,020 |
$3,090,908
$571,119 |
$4,798,993 |
| 27 |
$8,883,988 |
$3,247,406
$599,669 |
$5,036,913 |
| 28 |
$9,328,204 |
$3,411,766
$629,654 |
$5,286,784 |
| 29 |
$9,794,664 |
$3,584,356
$661,140 |
$5,549,168 |
| 30 |
$10,284,364 |
$3,765,545
$694,195 |
$5,824,624 |
|
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