The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 Oct 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(6.75%) | $22,551,750 | | Net Lumpsum Payment | $187,970,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$725,383 |
$6,084,527 |
| 2 |
$11,284,056 |
$4,135,431
$761,674 |
$6,386,951 |
| 3 |
$11,848,116 |
$4,344,133
$799,748 |
$6,704,235 |
| 4 |
$12,440,736 |
$4,563,403
$839,750 |
$7,037,583 |
| 5 |
$13,062,630 |
$4,793,503
$881,728 |
$7,387,399 |
| 6 |
$13,715,940 |
$5,035,228
$925,826 |
$7,754,886 |
| 7 |
$14,401,380 |
$5,288,841
$972,093 |
$8,140,446 |
| 8 |
$15,121,806 |
$5,555,399
$1,020,722 |
$8,545,685 |
| 9 |
$15,877,932 |
$5,835,165
$1,071,760 |
$8,971,007 |
| 10 |
$16,671,900 |
$6,128,933
$1,125,353 |
$9,417,614 |
| 11 |
$17,505,138 |
$6,437,231
$1,181,597 |
$9,886,310 |
| 12 |
$18,380,502 |
$6,761,116
$1,240,684 |
$10,378,702 |
| 13 |
$19,299,420 |
$7,101,116
$1,302,711 |
$10,895,593 |
| 14 |
$20,264,748 |
$7,458,287
$1,367,870 |
$11,438,591 |
| 15 |
$21,277,914 |
$7,833,159
$1,436,259 |
$12,008,496 |
| 16 |
$22,341,774 |
$8,226,787
$1,508,070 |
$12,606,917 |
| 17 |
$23,458,470 |
$8,639,964
$1,583,447 |
$13,235,059 |
| 18 |
$24,631,572 |
$9,074,012
$1,662,631 |
$13,894,929 |
| 19 |
$25,863,222 |
$9,529,723
$1,745,767 |
$14,587,732 |
| 20 |
$27,156,276 |
$10,008,153
$1,833,049 |
$15,315,074 |
| 21 |
$28,514,304 |
$10,510,623
$1,924,716 |
$16,078,965 |
| 22 |
$29,940,162 |
$11,038,190
$2,020,961 |
$16,881,011 |
| 23 |
$31,436,706 |
$11,591,912
$2,121,978 |
$17,722,816 |
| 24 |
$33,008,934 |
$12,173,636
$2,228,103 |
$18,607,195 |
| 25 |
$34,658,988 |
$12,784,156
$2,339,482 |
$19,535,350 |
| 26 |
$36,392,580 |
$13,425,585
$2,456,499 |
$20,510,496 |
| 27 |
$38,211,852 |
$14,098,716
$2,579,300 |
$21,533,836 |
| 28 |
$40,122,516 |
$14,805,661
$2,708,270 |
$22,608,585 |
| 29 |
$42,128,856 |
$15,548,007
$2,843,698 |
$23,737,151 |
| 30 |
$44,235,156 |
$16,327,338
$2,985,873 |
$24,921,945 |
|
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