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 Date | Fri 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 |
|
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