The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 Jun 27, 2025 |
|---|
| Draw Date | Fri Jun 27, 2025 | | Projected Jackpot | $348,000,000 | | Cash Value | $155,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $155,500,000 | | Federal Tax(24%) | $37,320,000 | | Additional Federal Tax | $20,175,330 | | State Tax(6.75%) | $10,496,250 | | Net Lumpsum Payment | $87,508,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,237,748 |
$1,898,297
$353,548 |
$2,985,903 |
| 2 |
$5,499,792 |
$1,995,253
$371,236 |
$3,133,303 |
| 3 |
$5,774,712 |
$2,096,974
$389,793 |
$3,287,945 |
| 4 |
$6,063,552 |
$2,203,845
$409,290 |
$3,450,417 |
| 5 |
$6,366,660 |
$2,315,995
$429,750 |
$3,620,915 |
| 6 |
$6,685,080 |
$2,433,810
$451,243 |
$3,800,027 |
| 7 |
$7,019,160 |
$2,557,420
$473,793 |
$3,987,947 |
| 8 |
$7,370,292 |
$2,687,338
$497,495 |
$4,185,459 |
| 9 |
$7,738,824 |
$2,823,695
$522,371 |
$4,392,758 |
| 10 |
$8,125,800 |
$2,966,876
$548,492 |
$4,610,432 |
| 11 |
$8,531,916 |
$3,117,139
$575,904 |
$4,838,873 |
| 12 |
$8,958,564 |
$3,274,999
$604,703 |
$5,078,862 |
| 13 |
$9,406,440 |
$3,440,713
$634,935 |
$5,330,792 |
| 14 |
$9,876,936 |
$3,614,797
$666,693 |
$5,595,446 |
| 15 |
$10,370,748 |
$3,797,507
$700,025 |
$5,873,216 |
| 16 |
$10,889,268 |
$3,989,360
$735,026 |
$6,164,882 |
| 17 |
$11,433,540 |
$4,190,740
$771,764 |
$6,471,036 |
| 18 |
$12,005,304 |
$4,402,293
$810,358 |
$6,792,653 |
| 19 |
$12,605,604 |
$4,624,404
$850,878 |
$7,130,322 |
| 20 |
$13,235,832 |
$4,857,588
$893,419 |
$7,484,825 |
| 21 |
$13,897,728 |
$5,102,490
$938,097 |
$7,857,141 |
| 22 |
$14,592,684 |
$5,359,623
$985,006 |
$8,248,055 |
| 23 |
$15,322,092 |
$5,629,504
$1,034,241 |
$8,658,347 |
| 24 |
$16,088,388 |
$5,913,034
$1,085,966 |
$9,089,388 |
| 25 |
$16,892,616 |
$6,210,598
$1,140,252 |
$9,541,766 |
| 26 |
$17,737,560 |
$6,523,228
$1,197,285 |
$10,017,047 |
| 27 |
$18,624,264 |
$6,851,308
$1,257,138 |
$10,515,818 |
| 28 |
$19,555,512 |
$7,195,870
$1,319,997 |
$11,039,645 |
| 29 |
$20,533,392 |
$7,557,685
$1,386,004 |
$11,589,703 |
| 30 |
$21,559,992 |
$7,937,527
$1,455,299 |
$12,167,166 |
|
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