The jackpot for the MEGA Millions draw on Fri Oct 31, 2025, is projected to be $754 Million, with an option for a cash payout of $352.8 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 Oct 31, 2025 |
|---|
| Draw Date | Fri Oct 31, 2025 | | Projected Jackpot | $754,000,000 | | Cash Value | $352,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $352,800,000 | | Federal Tax(24%) | $84,672,000 | | Additional Federal Tax | $45,824,330 | | State Tax(6.75%) | $23,814,000 | | Net Lumpsum Payment | $198,489,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,348,454 |
$4,159,258
$766,021 |
$6,423,175 |
| 2 |
$11,916,216 |
$4,369,330
$804,345 |
$6,742,541 |
| 3 |
$12,511,876 |
$4,589,725
$844,552 |
$7,077,599 |
| 4 |
$13,137,696 |
$4,821,278
$886,794 |
$7,429,624 |
| 5 |
$13,794,430 |
$5,064,269
$931,124 |
$7,799,037 |
| 6 |
$14,484,340 |
$5,319,536
$977,693 |
$8,187,111 |
| 7 |
$15,208,180 |
$5,587,357
$1,026,552 |
$8,594,271 |
| 8 |
$15,968,966 |
$5,868,848
$1,077,905 |
$9,022,213 |
| 9 |
$16,767,452 |
$6,164,288
$1,131,803 |
$9,471,361 |
| 10 |
$17,605,900 |
$6,474,513
$1,188,398 |
$9,942,989 |
| 11 |
$18,485,818 |
$6,800,083
$1,247,793 |
$10,437,942 |
| 12 |
$19,410,222 |
$7,142,113
$1,310,190 |
$10,957,919 |
| 13 |
$20,380,620 |
$7,501,160
$1,375,692 |
$11,503,768 |
| 14 |
$21,400,028 |
$7,878,341
$1,444,502 |
$12,077,185 |
| 15 |
$22,469,954 |
$8,274,213
$1,516,722 |
$12,679,019 |
| 16 |
$23,593,414 |
$8,689,894
$1,592,555 |
$13,310,965 |
| 17 |
$24,772,670 |
$9,126,218
$1,672,155 |
$13,974,297 |
| 18 |
$26,011,492 |
$9,584,582
$1,755,776 |
$14,671,134 |
| 19 |
$27,312,142 |
$10,065,823
$1,843,570 |
$15,402,749 |
| 20 |
$28,677,636 |
$10,571,056
$1,935,740 |
$16,170,840 |
| 21 |
$30,111,744 |
$11,101,676
$2,032,543 |
$16,977,525 |
| 22 |
$31,617,482 |
$11,658,799
$2,134,180 |
$17,824,503 |
| 23 |
$33,197,866 |
$12,243,541
$2,240,856 |
$18,713,469 |
| 24 |
$34,858,174 |
$12,857,855
$2,352,927 |
$19,647,392 |
| 25 |
$36,600,668 |
$13,502,578
$2,470,545 |
$20,627,545 |
| 26 |
$38,431,380 |
$14,179,941
$2,594,118 |
$21,657,321 |
| 27 |
$40,352,572 |
$14,890,782
$2,723,799 |
$22,737,991 |
| 28 |
$42,370,276 |
$15,637,333
$2,859,994 |
$23,872,949 |
| 29 |
$44,489,016 |
$16,421,266
$3,003,009 |
$25,064,741 |
| 30 |
$46,713,316 |
$17,244,257
$3,153,149 |
$26,315,910 |
|
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