Jackpot Analysis Montana Mega Millions

Jackpot Analysis for Montana Mega Millions
The jackpot for the MEGA Millions draw on Tue Apr 29, 2025, is projected to be $70 Million, with an option for a cash payout of $31.8 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 Apr 29, 2025
Draw DateTue Apr 29, 2025
Projected Jackpot$70,000,000
Cash Value$31,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$31,800,000
Federal Tax(24%)$7,632,000
Additional Federal Tax$4,094,330
State Tax(6.75%)$2,146,500
Net Lumpsum Payment$17,927,170
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,053,570 $350,151
$71,116
$632,303
2 $1,106,280 $369,654
$74,674
$661,952
3 $1,161,580 $390,115
$78,407
$693,058
4 $1,219,680 $411,612
$82,328
$725,740
5 $1,280,650 $434,171
$86,444
$760,035
6 $1,344,700 $457,869
$90,767
$796,064
7 $1,411,900 $482,733
$95,303
$833,864
8 $1,482,530 $508,866
$100,071
$873,593
9 $1,556,660 $536,295
$105,075
$915,290
10 $1,634,500 $565,095
$110,329
$959,076
11 $1,716,190 $595,321
$115,843
$1,005,026
12 $1,802,010 $627,074
$121,636
$1,053,300
13 $1,892,100 $660,407
$127,717
$1,103,976
14 $1,986,740 $695,424
$134,105
$1,157,211
15 $2,086,070 $732,176
$140,810
$1,213,084
16 $2,190,370 $770,767
$147,850
$1,271,753
17 $2,299,850 $811,275
$155,240
$1,333,335
18 $2,414,860 $853,829
$163,003
$1,398,028
19 $2,535,610 $898,506
$171,154
$1,465,950
20 $2,662,380 $945,411
$179,711
$1,537,258
21 $2,795,520 $994,673
$188,698
$1,612,149
22 $2,935,310 $1,046,395
$198,133
$1,690,782
23 $3,082,030 $1,100,681
$208,037
$1,773,312
24 $3,236,170 $1,157,713
$218,441
$1,860,016
25 $3,397,940 $1,217,568
$229,361
$1,951,011
26 $3,567,900 $1,280,453
$240,833
$2,046,614
27 $3,746,260 $1,346,447
$252,873
$2,146,940
28 $3,933,580 $1,415,755
$265,517
$2,252,308
29 $4,130,280 $1,488,534
$278,794
$2,362,952
30 $4,336,780 $1,564,939
$292,733
$2,479,108