The jackpot for the MEGA Millions draw on Fri Apr 4, 2025, is projected to be $43 Million, with an option for a cash payout of $20 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 Apr 4, 2025 |
|---|
| Draw Date | Fri Apr 4, 2025 | | Projected Jackpot | $43,000,000 | | Cash Value | $20,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,000,000 | | Federal Tax(24%) | $4,800,000 | | Additional Federal Tax | $2,560,330 | | State Tax(6.75%) | $1,350,000 | | Net Lumpsum Payment | $11,289,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$647,193 |
$199,792
$43,686 |
$403,715 |
| 2 |
$679,572 |
$211,772
$45,871 |
$421,929 |
| 3 |
$713,542 |
$224,341
$48,164 |
$441,037 |
| 4 |
$749,232 |
$237,546
$50,573 |
$461,113 |
| 5 |
$786,685 |
$251,404
$53,101 |
$482,180 |
| 6 |
$826,030 |
$265,961
$55,757 |
$504,312 |
| 7 |
$867,310 |
$281,235
$58,543 |
$527,532 |
| 8 |
$910,697 |
$297,288
$61,472 |
$551,937 |
| 9 |
$956,234 |
$314,137
$64,546 |
$577,551 |
| 10 |
$1,004,050 |
$331,829
$67,773 |
$604,448 |
| 11 |
$1,054,231 |
$350,396
$71,161 |
$632,674 |
| 12 |
$1,106,949 |
$369,902
$74,719 |
$662,328 |
| 13 |
$1,162,290 |
$390,378
$78,455 |
$693,457 |
| 14 |
$1,220,426 |
$411,888
$82,379 |
$726,159 |
| 15 |
$1,281,443 |
$434,464
$86,497 |
$760,482 |
| 16 |
$1,345,513 |
$458,170
$90,822 |
$796,521 |
| 17 |
$1,412,765 |
$483,053
$95,362 |
$834,350 |
| 18 |
$1,483,414 |
$509,194
$100,130 |
$874,090 |
| 19 |
$1,557,589 |
$536,638
$105,137 |
$915,814 |
| 20 |
$1,635,462 |
$565,451
$110,394 |
$959,617 |
| 21 |
$1,717,248 |
$595,712
$115,914 |
$1,005,622 |
| 22 |
$1,803,119 |
$627,484
$121,711 |
$1,053,924 |
| 23 |
$1,893,247 |
$660,832
$127,794 |
$1,104,621 |
| 24 |
$1,987,933 |
$695,866
$134,185 |
$1,157,882 |
| 25 |
$2,087,306 |
$732,634
$140,893 |
$1,213,779 |
| 26 |
$2,191,710 |
$771,263
$147,940 |
$1,272,507 |
| 27 |
$2,301,274 |
$811,802
$155,336 |
$1,334,136 |
| 28 |
$2,416,342 |
$854,377
$163,103 |
$1,398,862 |
| 29 |
$2,537,172 |
$899,084
$171,259 |
$1,466,829 |
| 30 |
$2,664,022 |
$946,019
$179,821 |
$1,538,182 |
|
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