The jackpot for the MEGA Millions draw on Tue Jul 1, 2025, is projected to be $50 Million, with an option for a cash payout of $22.4 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 Jul 1, 2025 |
|---|
| Draw Date | Tue Jul 1, 2025 | | Projected Jackpot | $50,000,000 | | Cash Value | $22,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $22,400,000 | | Federal Tax(24%) | $5,376,000 | | Additional Federal Tax | $2,872,330 | | State Tax(6.75%) | $1,512,000 | | Net Lumpsum Payment | $12,639,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$752,550 |
$238,774
$50,797 |
$462,979 |
| 2 |
$790,200 |
$252,704
$53,339 |
$484,157 |
| 3 |
$829,700 |
$267,319
$56,005 |
$506,376 |
| 4 |
$871,200 |
$282,674
$58,806 |
$529,720 |
| 5 |
$914,750 |
$298,788
$61,746 |
$554,216 |
| 6 |
$960,500 |
$315,715
$64,834 |
$579,951 |
| 7 |
$1,008,500 |
$333,475
$68,074 |
$606,951 |
| 8 |
$1,058,950 |
$352,142
$71,479 |
$635,329 |
| 9 |
$1,111,900 |
$371,733
$75,053 |
$665,114 |
| 10 |
$1,167,500 |
$392,305
$78,806 |
$696,389 |
| 11 |
$1,225,850 |
$413,895
$82,745 |
$729,210 |
| 12 |
$1,287,150 |
$436,576
$86,883 |
$763,691 |
| 13 |
$1,351,500 |
$460,385
$91,226 |
$799,889 |
| 14 |
$1,419,100 |
$485,397
$95,789 |
$837,914 |
| 15 |
$1,490,050 |
$511,649
$100,578 |
$877,823 |
| 16 |
$1,564,550 |
$539,214
$105,607 |
$919,729 |
| 17 |
$1,642,750 |
$568,148
$110,886 |
$963,716 |
| 18 |
$1,724,900 |
$598,543
$116,431 |
$1,009,926 |
| 19 |
$1,811,150 |
$630,456
$122,253 |
$1,058,441 |
| 20 |
$1,901,700 |
$663,959
$128,365 |
$1,109,376 |
| 21 |
$1,996,800 |
$699,146
$134,784 |
$1,162,870 |
| 22 |
$2,096,650 |
$736,091
$141,524 |
$1,219,035 |
| 23 |
$2,201,450 |
$774,867
$148,598 |
$1,277,985 |
| 24 |
$2,311,550 |
$815,604
$156,030 |
$1,339,916 |
| 25 |
$2,427,100 |
$858,357
$163,829 |
$1,404,914 |
| 26 |
$2,548,500 |
$903,275
$172,024 |
$1,473,201 |
| 27 |
$2,675,900 |
$950,413
$180,623 |
$1,544,864 |
| 28 |
$2,809,700 |
$999,919
$189,655 |
$1,620,126 |
| 29 |
$2,950,200 |
$1,051,904
$199,139 |
$1,699,157 |
| 30 |
$3,097,700 |
$1,106,479
$209,095 |
$1,782,126 |
|
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