The jackpot for the MEGA Millions draw on Tue May 13, 2025, is projected to be $110 Million, with an option for a cash payout of $49.4 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 May 13, 2025 |
|---|
| Draw Date | Tue May 13, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,400,000 | | Federal Tax(24%) | $11,856,000 | | Additional Federal Tax | $6,382,330 | | State Tax(6.75%) | $3,334,500 | | Net Lumpsum Payment | $27,827,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$111,754 |
$970,950 |
| 2 |
$1,738,440 |
$603,553
$117,345 |
$1,017,542 |
| 3 |
$1,825,340 |
$635,706
$123,210 |
$1,066,424 |
| 4 |
$1,916,640 |
$669,487
$129,373 |
$1,117,780 |
| 5 |
$2,012,450 |
$704,937
$135,840 |
$1,171,673 |
| 6 |
$2,113,100 |
$742,177
$142,634 |
$1,228,289 |
| 7 |
$2,218,700 |
$781,249
$149,762 |
$1,287,689 |
| 8 |
$2,329,690 |
$822,316
$157,254 |
$1,350,120 |
| 9 |
$2,446,180 |
$865,417
$165,117 |
$1,415,646 |
| 10 |
$2,568,500 |
$910,675
$173,374 |
$1,484,451 |
| 11 |
$2,696,870 |
$958,172
$182,039 |
$1,556,659 |
| 12 |
$2,831,730 |
$1,008,070
$191,142 |
$1,632,518 |
| 13 |
$2,973,300 |
$1,060,451
$200,698 |
$1,712,151 |
| 14 |
$3,122,020 |
$1,115,478
$210,736 |
$1,795,806 |
| 15 |
$3,278,110 |
$1,173,231
$221,272 |
$1,883,607 |
| 16 |
$3,442,010 |
$1,233,874
$232,336 |
$1,975,800 |
| 17 |
$3,614,050 |
$1,297,529
$243,948 |
$2,072,573 |
| 18 |
$3,794,780 |
$1,364,399
$256,148 |
$2,174,233 |
| 19 |
$3,984,530 |
$1,434,606
$268,956 |
$2,280,968 |
| 20 |
$4,183,740 |
$1,508,314
$282,402 |
$2,393,024 |
| 21 |
$4,392,960 |
$1,585,726
$296,525 |
$2,510,709 |
| 22 |
$4,612,630 |
$1,667,003
$311,353 |
$2,634,274 |
| 23 |
$4,843,190 |
$1,752,311
$326,915 |
$2,763,964 |
| 24 |
$5,085,410 |
$1,841,932
$343,265 |
$2,900,213 |
| 25 |
$5,339,620 |
$1,935,990
$360,424 |
$3,043,206 |
| 26 |
$5,606,700 |
$2,034,809
$378,452 |
$3,193,439 |
| 27 |
$5,886,980 |
$2,138,513
$397,371 |
$3,351,096 |
| 28 |
$6,181,340 |
$2,247,426
$417,240 |
$3,516,674 |
| 29 |
$6,490,440 |
$2,361,793
$438,105 |
$3,690,542 |
| 30 |
$6,814,940 |
$2,481,858
$460,008 |
$3,873,074 |
|
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