Jackpot Analysis Montana Mega Millions

Jackpot Analysis for Montana Mega Millions
The jackpot for the MEGA Millions draw on Fri Aug 1, 2025, is projected to be $140 Million, with an option for a cash payout of $62 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 Aug 1, 2025
Draw DateFri Aug 1, 2025
Projected Jackpot$140,000,000
Cash Value$62,000,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$62,000,000
Federal Tax(24%)$14,880,000
Additional Federal Tax$8,020,330
State Tax(6.75%)$4,185,000
Net Lumpsum Payment$34,914,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,107,140 $739,972
$142,232
$1,224,936
2 $2,212,560 $778,978
$149,348
$1,284,234
3 $2,323,160 $819,900
$156,813
$1,346,447
4 $2,439,360 $862,894
$164,657
$1,411,809
5 $2,561,300 $908,011
$172,888
$1,480,401
6 $2,689,400 $955,408
$181,535
$1,552,457
7 $2,823,800 $1,005,136
$190,607
$1,628,057
8 $2,965,060 $1,057,403
$200,142
$1,707,515
9 $3,113,320 $1,112,259
$210,149
$1,790,912
10 $3,269,000 $1,169,860
$220,658
$1,878,482
11 $3,432,380 $1,230,311
$231,686
$1,970,383
12 $3,604,020 $1,293,818
$243,271
$2,066,931
13 $3,784,200 $1,360,484
$255,434
$2,168,282
14 $3,973,480 $1,430,518
$268,210
$2,274,752
15 $4,172,140 $1,504,022
$281,619
$2,386,499
16 $4,380,740 $1,581,204
$295,700
$2,503,836
17 $4,599,700 $1,662,219
$310,480
$2,627,001
18 $4,829,720 $1,747,327
$326,006
$2,756,387
19 $5,071,220 $1,836,682
$342,307
$2,892,231
20 $5,324,760 $1,930,492
$359,421
$3,034,847
21 $5,591,040 $2,029,015
$377,395
$3,184,630
22 $5,870,620 $2,132,460
$396,267
$3,341,893
23 $6,164,060 $2,241,033
$416,074
$3,506,953
24 $6,472,340 $2,355,096
$436,883
$3,680,361
25 $6,795,880 $2,474,806
$458,722
$3,862,352
26 $7,135,800 $2,600,576
$481,667
$4,053,557
27 $7,492,520 $2,732,563
$505,745
$4,254,212
28 $7,867,160 $2,871,180
$531,033
$4,464,947
29 $8,260,560 $3,016,738
$557,588
$4,686,234
30 $8,673,560 $3,169,548
$585,465
$4,918,547