The jackpot for the MEGA Millions draw on Tue Apr 1, 2025, is projected to be $29 Million, with an option for a cash payout of $13.3 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 Apr 1, 2025 |
|---|
| Draw Date | Tue Apr 1, 2025 | | Projected Jackpot | $29,000,000 | | Cash Value | $13,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,300,000 | | Federal Tax(24%) | $3,192,000 | | Additional Federal Tax | $1,689,330 | | State Tax(6.75%) | $897,750 | | Net Lumpsum Payment | $7,520,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$436,479 |
$121,828
$29,462 |
$285,189 |
| 2 |
$458,316 |
$129,907
$30,936 |
$297,473 |
| 3 |
$481,226 |
$138,384
$32,483 |
$310,359 |
| 4 |
$505,296 |
$147,290
$34,107 |
$323,899 |
| 5 |
$530,555 |
$156,636
$35,812 |
$338,107 |
| 6 |
$557,090 |
$166,454
$37,604 |
$353,032 |
| 7 |
$584,930 |
$176,754
$39,483 |
$368,693 |
| 8 |
$614,191 |
$187,581
$41,458 |
$385,152 |
| 9 |
$644,902 |
$198,944
$43,531 |
$402,427 |
| 10 |
$677,150 |
$210,876
$45,708 |
$420,566 |
| 11 |
$710,993 |
$223,398
$47,992 |
$439,603 |
| 12 |
$746,547 |
$236,553
$50,392 |
$459,602 |
| 13 |
$783,870 |
$250,362
$52,911 |
$480,597 |
| 14 |
$823,078 |
$264,869
$55,558 |
$502,651 |
| 15 |
$864,229 |
$280,095
$58,335 |
$525,799 |
| 16 |
$907,439 |
$296,083
$61,252 |
$550,104 |
| 17 |
$952,795 |
$312,865
$64,314 |
$575,616 |
| 18 |
$1,000,442 |
$330,494
$67,530 |
$602,418 |
| 19 |
$1,050,467 |
$349,003
$70,907 |
$630,557 |
| 20 |
$1,102,986 |
$368,435
$74,452 |
$660,099 |
| 21 |
$1,158,144 |
$388,844
$78,175 |
$691,125 |
| 22 |
$1,216,057 |
$410,271
$82,084 |
$723,702 |
| 23 |
$1,276,841 |
$432,762
$86,187 |
$757,892 |
| 24 |
$1,340,699 |
$456,389
$90,497 |
$793,813 |
| 25 |
$1,407,718 |
$481,186
$95,021 |
$831,511 |
| 26 |
$1,478,130 |
$507,238
$99,774 |
$871,118 |
| 27 |
$1,552,022 |
$534,579
$104,761 |
$912,682 |
| 28 |
$1,629,626 |
$563,292
$110,000 |
$956,334 |
| 29 |
$1,711,116 |
$593,443
$115,500 |
$1,002,173 |
| 30 |
$1,796,666 |
$625,097
$121,275 |
$1,050,294 |
|
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