The jackpot for the MEGA Millions draw on Tue Jul 15, 2025, is projected to be $90 Million, with an option for a cash payout of $39.9 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 15, 2025 |
---|
Draw Date | Tue Jul 15, 2025 | Projected Jackpot | $90,000,000 | Cash Value | $39,900,000 |
Lumpsum Option Taxes and Payment |
---|
Cash Gross Payment | $39,900,000 | Federal Tax(24%) | $9,576,000 | Additional Federal Tax | $5,147,330 | State Tax(6.75%) | $2,693,250 | Net Lumpsum Payment | $22,483,420 |
Annuity Payment in 30 Installations |
---|
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$1,354,590 |
$461,529 $91,435 |
$801,626 |
2 |
$1,422,360 |
$486,604 $96,009 |
$839,747 |
3 |
$1,493,460 |
$512,911 $100,809 |
$879,740 |
4 |
$1,568,160 |
$540,550 $105,851 |
$921,759 |
5 |
$1,646,550 |
$569,554 $111,142 |
$965,854 |
6 |
$1,728,900 |
$600,023 $116,701 |
$1,012,176 |
7 |
$1,815,300 |
$631,991 $122,533 |
$1,060,776 |
8 |
$1,906,110 |
$665,591 $128,662 |
$1,111,857 |
9 |
$2,001,420 |
$700,856 $135,096 |
$1,165,468 |
10 |
$2,101,500 |
$737,885 $141,851 |
$1,221,764 |
11 |
$2,206,530 |
$776,746 $148,941 |
$1,280,843 |
12 |
$2,316,870 |
$817,572 $156,389 |
$1,342,909 |
13 |
$2,432,700 |
$860,429 $164,207 |
$1,408,064 |
14 |
$2,554,380 |
$905,451 $172,421 |
$1,476,508 |
15 |
$2,682,090 |
$952,704 $181,041 |
$1,548,345 |
16 |
$2,816,190 |
$1,002,321 $190,093 |
$1,623,776 |
17 |
$2,956,950 |
$1,054,402 $199,594 |
$1,702,954 |
18 |
$3,104,820 |
$1,109,114 $209,575 |
$1,786,131 |
19 |
$3,260,070 |
$1,166,556 $220,055 |
$1,873,459 |
20 |
$3,423,060 |
$1,226,863 $231,057 |
$1,965,140 |
21 |
$3,594,240 |
$1,290,199 $242,611 |
$2,061,430 |
22 |
$3,773,970 |
$1,356,699 $254,743 |
$2,162,528 |
23 |
$3,962,610 |
$1,426,496 $267,476 |
$2,268,638 |
24 |
$4,160,790 |
$1,499,823 $280,853 |
$2,380,114 |
25 |
$4,368,780 |
$1,576,779 $294,893 |
$2,497,108 |
26 |
$4,587,300 |
$1,657,631 $309,643 |
$2,620,026 |
27 |
$4,816,620 |
$1,742,480 $325,122 |
$2,749,018 |
28 |
$5,057,460 |
$1,831,591 $341,379 |
$2,884,490 |
29 |
$5,310,360 |
$1,925,164 $358,449 |
$3,026,747 |
30 |
$5,575,860 |
$2,023,399 $376,371 |
$3,176,090 |
|
|