The jackpot for the MEGA Millions draw on Tue Sep 16, 2025, is projected to be $400 Million, with an option for a cash payout of $185.8 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 Sep 16, 2025 |
|---|
| Draw Date | Tue Sep 16, 2025 | | Projected Jackpot | $400,000,000 | | Cash Value | $185,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $185,800,000 | | Federal Tax(24%) | $44,592,000 | | Additional Federal Tax | $24,114,330 | | State Tax(6.75%) | $12,541,500 | | Net Lumpsum Payment | $104,552,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,020,400 |
$2,187,878
$406,377 |
$3,426,145 |
| 2 |
$6,321,600 |
$2,299,322
$426,708 |
$3,595,570 |
| 3 |
$6,637,600 |
$2,416,242
$448,038 |
$3,773,320 |
| 4 |
$6,969,600 |
$2,539,082
$470,448 |
$3,960,070 |
| 5 |
$7,318,000 |
$2,667,990
$493,965 |
$4,156,045 |
| 6 |
$7,684,000 |
$2,803,410
$518,670 |
$4,361,920 |
| 7 |
$8,068,000 |
$2,945,490
$544,590 |
$4,577,920 |
| 8 |
$8,471,600 |
$3,094,822
$571,833 |
$4,804,945 |
| 9 |
$8,895,200 |
$3,251,554
$600,426 |
$5,043,220 |
| 10 |
$9,340,000 |
$3,416,130
$630,450 |
$5,293,420 |
| 11 |
$9,806,800 |
$3,588,846
$661,959 |
$5,555,995 |
| 12 |
$10,297,200 |
$3,770,294
$695,061 |
$5,831,845 |
| 13 |
$10,812,000 |
$3,960,770
$729,810 |
$6,121,420 |
| 14 |
$11,352,800 |
$4,160,866
$766,314 |
$6,425,620 |
| 15 |
$11,920,400 |
$4,370,878
$804,627 |
$6,744,895 |
| 16 |
$12,516,400 |
$4,591,398
$844,857 |
$7,080,145 |
| 17 |
$13,142,000 |
$4,822,870
$887,085 |
$7,432,045 |
| 18 |
$13,799,200 |
$5,066,034
$931,446 |
$7,801,720 |
| 19 |
$14,489,200 |
$5,321,334
$978,021 |
$8,189,845 |
| 20 |
$15,213,600 |
$5,589,362
$1,026,918 |
$8,597,320 |
| 21 |
$15,974,400 |
$5,870,858
$1,078,272 |
$9,025,270 |
| 22 |
$16,773,200 |
$6,166,414
$1,132,191 |
$9,474,595 |
| 23 |
$17,611,600 |
$6,476,622
$1,188,783 |
$9,946,195 |
| 24 |
$18,492,400 |
$6,802,518
$1,248,237 |
$10,441,645 |
| 25 |
$19,416,800 |
$7,144,546
$1,310,634 |
$10,961,620 |
| 26 |
$20,388,000 |
$7,503,890
$1,376,190 |
$11,507,920 |
| 27 |
$21,407,200 |
$7,880,994
$1,444,986 |
$12,081,220 |
| 28 |
$22,477,600 |
$8,277,042
$1,517,238 |
$12,683,320 |
| 29 |
$23,601,600 |
$8,692,922
$1,593,108 |
$13,315,570 |
| 30 |
$24,781,600 |
$9,129,522
$1,672,758 |
$13,979,320 |
|
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