The jackpot for the MEGA Millions draw on Tue Feb 25, 2025, is projected to be $181 Million, with an option for a cash payout of $82.7 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 Feb 25, 2025 |
|---|
| Draw Date | Tue Feb 25, 2025 | | Projected Jackpot | $181,000,000 | | Cash Value | $82,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,700,000 | | Federal Tax(24%) | $19,848,000 | | Additional Federal Tax | $10,711,330 | | State Tax(6.75%) | $5,582,250 | | Net Lumpsum Payment | $46,558,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,724,231 |
$968,296
$183,886 |
$1,572,049 |
| 2 |
$2,860,524 |
$1,018,724
$193,085 |
$1,648,715 |
| 3 |
$3,003,514 |
$1,071,631
$202,737 |
$1,729,146 |
| 4 |
$3,153,744 |
$1,127,216
$212,878 |
$1,813,650 |
| 5 |
$3,311,395 |
$1,185,547
$223,519 |
$1,902,329 |
| 6 |
$3,477,010 |
$1,246,824
$234,698 |
$1,995,488 |
| 7 |
$3,650,770 |
$1,311,115
$246,427 |
$2,093,228 |
| 8 |
$3,833,399 |
$1,378,688
$258,754 |
$2,195,957 |
| 9 |
$4,025,078 |
$1,449,609
$271,693 |
$2,303,776 |
| 10 |
$4,226,350 |
$1,524,080
$285,279 |
$2,416,991 |
| 11 |
$4,437,577 |
$1,602,234
$299,536 |
$2,535,807 |
| 12 |
$4,659,483 |
$1,684,339
$314,515 |
$2,660,629 |
| 13 |
$4,892,430 |
$1,770,529
$330,239 |
$2,791,662 |
| 14 |
$5,137,142 |
$1,861,073
$346,757 |
$2,929,312 |
| 15 |
$5,393,981 |
$1,956,103
$364,094 |
$3,073,784 |
| 16 |
$5,663,671 |
$2,055,889
$382,298 |
$3,225,484 |
| 17 |
$5,946,755 |
$2,160,630
$401,406 |
$3,384,719 |
| 18 |
$6,244,138 |
$2,270,661
$421,479 |
$3,551,998 |
| 19 |
$6,556,363 |
$2,386,185
$442,555 |
$3,727,623 |
| 20 |
$6,884,154 |
$2,507,467
$464,680 |
$3,912,007 |
| 21 |
$7,228,416 |
$2,634,844
$487,918 |
$4,105,654 |
| 22 |
$7,589,873 |
$2,768,583
$512,316 |
$4,308,974 |
| 23 |
$7,969,249 |
$2,908,953
$537,924 |
$4,522,372 |
| 24 |
$8,367,811 |
$3,056,420
$564,827 |
$4,746,564 |
| 25 |
$8,786,102 |
$3,211,188
$593,062 |
$4,981,852 |
| 26 |
$9,225,570 |
$3,373,791
$622,726 |
$5,229,053 |
| 27 |
$9,686,758 |
$3,544,431
$653,856 |
$5,488,471 |
| 28 |
$10,171,114 |
$3,723,643
$686,550 |
$5,760,921 |
| 29 |
$10,679,724 |
$3,911,828
$720,881 |
$6,047,015 |
| 30 |
$11,213,674 |
$4,109,390
$756,923 |
$6,347,361 |
|
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