The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 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 Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(6.75%) | $8,511,750 | | Net Lumpsum Payment | $70,970,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$284,464 |
$2,410,202 |
| 2 |
$4,425,120 |
$1,597,625
$298,696 |
$2,528,799 |
| 3 |
$4,646,320 |
$1,679,469
$313,627 |
$2,653,224 |
| 4 |
$4,878,720 |
$1,765,457
$329,314 |
$2,783,949 |
| 5 |
$5,122,600 |
$1,855,692
$345,776 |
$2,921,132 |
| 6 |
$5,378,800 |
$1,950,486
$363,069 |
$3,065,245 |
| 7 |
$5,647,600 |
$2,049,942
$381,213 |
$3,216,445 |
| 8 |
$5,930,120 |
$2,154,475
$400,283 |
$3,375,362 |
| 9 |
$6,226,640 |
$2,264,187
$420,298 |
$3,542,155 |
| 10 |
$6,538,000 |
$2,379,390
$441,315 |
$3,717,295 |
| 11 |
$6,864,760 |
$2,500,292
$463,371 |
$3,901,097 |
| 12 |
$7,208,040 |
$2,627,305
$486,543 |
$4,094,192 |
| 13 |
$7,568,400 |
$2,760,638
$510,867 |
$4,296,895 |
| 14 |
$7,946,960 |
$2,900,706
$536,420 |
$4,509,834 |
| 15 |
$8,344,280 |
$3,047,714
$563,239 |
$4,733,327 |
| 16 |
$8,761,480 |
$3,202,078
$591,400 |
$4,968,002 |
| 17 |
$9,199,400 |
$3,364,108
$620,960 |
$5,214,332 |
| 18 |
$9,659,440 |
$3,534,323
$652,012 |
$5,473,105 |
| 19 |
$10,142,440 |
$3,713,033
$684,615 |
$5,744,792 |
| 20 |
$10,649,520 |
$3,900,653
$718,843 |
$6,030,024 |
| 21 |
$11,182,080 |
$4,097,700
$754,790 |
$6,329,590 |
| 22 |
$11,741,240 |
$4,304,589
$792,534 |
$6,644,117 |
| 23 |
$12,328,120 |
$4,521,735
$832,148 |
$6,974,237 |
| 24 |
$12,944,680 |
$4,749,862
$873,766 |
$7,321,052 |
| 25 |
$13,591,760 |
$4,989,282
$917,444 |
$7,685,034 |
| 26 |
$14,271,600 |
$5,240,822
$963,333 |
$8,067,445 |
| 27 |
$14,985,040 |
$5,504,795
$1,011,490 |
$8,468,755 |
| 28 |
$15,734,320 |
$5,782,029
$1,062,067 |
$8,890,224 |
| 29 |
$16,521,120 |
$6,073,145
$1,115,176 |
$9,332,799 |
| 30 |
$17,347,120 |
$6,378,765
$1,170,931 |
$9,797,424 |
|
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