The jackpot for the MEGA Millions draw on Fri Jul 4, 2025, is projected to be $60 Million, with an option for a cash payout of $26.9 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 Jul 4, 2025 |
|---|
| Draw Date | Fri Jul 4, 2025 | | Projected Jackpot | $60,000,000 | | Cash Value | $26,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $26,900,000 | | Federal Tax(24%) | $6,456,000 | | Additional Federal Tax | $3,457,330 | | State Tax(6.75%) | $1,815,750 | | Net Lumpsum Payment | $15,170,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$903,060 |
$294,463
$60,957 |
$547,640 |
| 2 |
$948,240 |
$311,179
$64,006 |
$573,055 |
| 3 |
$995,640 |
$328,717
$67,206 |
$599,717 |
| 4 |
$1,045,440 |
$347,143
$70,567 |
$627,730 |
| 5 |
$1,097,700 |
$366,479
$74,095 |
$657,126 |
| 6 |
$1,152,600 |
$386,792
$77,801 |
$688,007 |
| 7 |
$1,210,200 |
$408,104
$81,689 |
$720,407 |
| 8 |
$1,270,740 |
$430,504
$85,775 |
$754,461 |
| 9 |
$1,334,280 |
$454,014
$90,064 |
$790,202 |
| 10 |
$1,401,000 |
$478,700
$94,568 |
$827,732 |
| 11 |
$1,471,020 |
$504,608
$99,294 |
$867,118 |
| 12 |
$1,544,580 |
$531,825
$104,259 |
$908,496 |
| 13 |
$1,621,800 |
$560,396
$109,472 |
$951,932 |
| 14 |
$1,702,920 |
$590,411
$114,947 |
$997,562 |
| 15 |
$1,788,060 |
$621,913
$120,694 |
$1,045,453 |
| 16 |
$1,877,460 |
$654,991
$126,729 |
$1,095,740 |
| 17 |
$1,971,300 |
$689,711
$133,063 |
$1,148,526 |
| 18 |
$2,069,880 |
$726,186
$139,717 |
$1,203,977 |
| 19 |
$2,173,380 |
$764,481
$146,703 |
$1,262,196 |
| 20 |
$2,282,040 |
$804,685
$154,038 |
$1,323,317 |
| 21 |
$2,396,160 |
$846,910
$161,741 |
$1,387,509 |
| 22 |
$2,515,980 |
$891,243
$169,829 |
$1,454,908 |
| 23 |
$2,641,740 |
$937,774
$178,317 |
$1,525,649 |
| 24 |
$2,773,860 |
$986,659
$187,236 |
$1,599,965 |
| 25 |
$2,912,520 |
$1,037,963
$196,595 |
$1,677,962 |
| 26 |
$3,058,200 |
$1,091,864
$206,429 |
$1,759,907 |
| 27 |
$3,211,080 |
$1,148,430
$216,748 |
$1,845,902 |
| 28 |
$3,371,640 |
$1,207,837
$227,586 |
$1,936,217 |
| 29 |
$3,540,240 |
$1,270,219
$238,966 |
$2,031,055 |
| 30 |
$3,717,240 |
$1,335,709
$250,914 |
$2,130,617 |
|
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