Jackpot Analysis Montana Mega Millions

Jackpot Analysis for Montana Mega Millions
The jackpot for the MEGA Millions draw on Tue Nov 26, 2024, is projected to be $489 Million, with an option for a cash payout of $225.3 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 Nov 26, 2024
Draw DateTue Nov 26, 2024
Projected Jackpot$489,000,000
Cash Value$225,300,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$225,300,000
Federal Tax(24%)$54,072,000
Additional Federal Tax$29,249,330
State Tax(6.75%)$15,207,750
Net Lumpsum Payment$126,770,920
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $7,359,939 $2,683,508
$496,796
$4,179,635
2 $7,728,156 $2,819,748
$521,651
$4,386,757
3 $8,114,466 $2,962,683
$547,726
$4,604,057
4 $8,520,336 $3,112,855
$575,123
$4,832,358
5 $8,946,255 $3,270,445
$603,872
$5,071,938
6 $9,393,690 $3,435,996
$634,074
$5,323,620
7 $9,863,130 $3,609,688
$665,761
$5,587,681
8 $10,356,531 $3,792,247
$699,066
$5,865,218
9 $10,874,382 $3,983,852
$734,021
$6,156,509
10 $11,418,150 $4,185,046
$770,725
$6,462,379
11 $11,988,813 $4,396,191
$809,245
$6,783,377
12 $12,588,327 $4,618,011
$849,712
$7,120,604
13 $13,217,670 $4,850,868
$892,193
$7,474,609
14 $13,878,798 $5,095,486
$936,819
$7,846,493
15 $14,572,689 $5,352,225
$983,657
$8,236,807
16 $15,301,299 $5,621,811
$1,032,838
$8,646,650
17 $16,066,095 $5,904,786
$1,084,461
$9,076,848
18 $16,869,522 $6,202,054
$1,138,693
$9,528,775
19 $17,713,047 $6,514,158
$1,195,631
$10,003,258
20 $18,598,626 $6,841,822
$1,255,407
$10,501,397
21 $19,528,704 $7,185,951
$1,318,188
$11,024,565
22 $20,505,237 $7,547,268
$1,384,103
$11,573,866
23 $21,530,181 $7,926,497
$1,453,287
$12,150,397
24 $22,606,959 $8,324,905
$1,525,970
$12,756,084
25 $23,737,038 $8,743,034
$1,602,250
$13,391,754
26 $24,924,330 $9,182,332
$1,682,392
$14,059,606
27 $26,170,302 $9,643,342
$1,766,495
$14,760,465
28 $27,478,866 $10,127,511
$1,854,823
$15,496,532
29 $28,852,956 $10,635,924
$1,947,575
$16,269,457
30 $30,295,506 $11,169,668
$2,044,947
$17,080,891