The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(6.75%) | $6,075,000 | | Net Lumpsum Payment | $50,664,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$205,220 |
$1,749,840 |
| 2 |
$3,192,408 |
$1,141,521
$215,488 |
$1,835,399 |
| 3 |
$3,351,988 |
$1,200,566
$226,259 |
$1,925,163 |
| 4 |
$3,519,648 |
$1,262,600
$237,576 |
$2,019,472 |
| 5 |
$3,695,590 |
$1,327,699
$249,452 |
$2,118,439 |
| 6 |
$3,880,420 |
$1,396,086
$261,928 |
$2,222,406 |
| 7 |
$4,074,340 |
$1,467,836
$275,018 |
$2,331,486 |
| 8 |
$4,278,158 |
$1,543,249
$288,776 |
$2,446,133 |
| 9 |
$4,492,076 |
$1,622,399
$303,215 |
$2,566,462 |
| 10 |
$4,716,700 |
$1,705,509
$318,377 |
$2,692,814 |
| 11 |
$4,952,434 |
$1,792,731
$334,289 |
$2,825,414 |
| 12 |
$5,200,086 |
$1,884,362
$351,006 |
$2,964,718 |
| 13 |
$5,460,060 |
$1,980,553
$368,554 |
$3,110,953 |
| 14 |
$5,733,164 |
$2,081,601
$386,989 |
$3,264,574 |
| 15 |
$6,019,802 |
$2,187,657
$406,337 |
$3,425,808 |
| 16 |
$6,320,782 |
$2,299,020
$426,653 |
$3,595,109 |
| 17 |
$6,636,710 |
$2,415,913
$447,978 |
$3,772,819 |
| 18 |
$6,968,596 |
$2,538,711
$470,380 |
$3,959,505 |
| 19 |
$7,317,046 |
$2,667,637
$493,901 |
$4,155,508 |
| 20 |
$7,682,868 |
$2,802,992
$518,594 |
$4,361,282 |
| 21 |
$8,067,072 |
$2,945,147
$544,527 |
$4,577,398 |
| 22 |
$8,470,466 |
$3,094,403
$571,756 |
$4,804,307 |
| 23 |
$8,893,858 |
$3,251,058
$600,335 |
$5,042,465 |
| 24 |
$9,338,662 |
$3,415,635
$630,360 |
$5,292,667 |
| 25 |
$9,805,484 |
$3,588,359
$661,870 |
$5,555,255 |
| 26 |
$10,295,940 |
$3,769,828
$694,976 |
$5,831,136 |
| 27 |
$10,810,636 |
$3,960,266
$729,718 |
$6,120,652 |
| 28 |
$11,351,188 |
$4,160,270
$766,205 |
$6,424,713 |
| 29 |
$11,918,808 |
$4,370,289
$804,520 |
$6,743,999 |
| 30 |
$12,514,708 |
$4,590,772
$844,743 |
$7,079,193 |
|
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