Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Montana, your state will take 6.75% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Montana MEGA Millions Jackpot/Cash Option for Tue Jun 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(6.75%)	$14,242,500
Net Lumpsum Payment	$118,727,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$474,445	$3,993,379
2	$7,380,468	-$2,691,104 -$498,182	$4,191,182
3	$7,749,398	-$2,827,608 -$523,084	$4,398,706
4	$8,137,008	-$2,971,023 -$549,248	$4,616,737
5	$8,543,765	-$3,121,523 -$576,704	$4,845,538
6	$8,971,070	-$3,279,626 -$605,547	$5,085,897
7	$9,419,390	-$3,445,505 -$635,809	$5,338,076
8	$9,890,593	-$3,619,850 -$667,615	$5,603,128
9	$10,385,146	-$3,802,834 -$700,997	$5,881,315
10	$10,904,450	-$3,994,977 -$736,050	$6,173,423
11	$11,449,439	-$4,196,623 -$772,837	$6,479,979
12	$12,021,981	-$4,408,463 -$811,484	$6,802,034
13	$12,623,010	-$4,630,844 -$852,053	$7,140,113
14	$13,254,394	-$4,864,456 -$894,672	$7,495,266
15	$13,917,067	-$5,109,645 -$939,402	$7,868,020
16	$14,612,897	-$5,367,102 -$986,371	$8,259,424
17	$15,343,285	-$5,637,346 -$1,035,672	$8,670,267
18	$16,110,566	-$5,921,240 -$1,087,463	$9,101,863
19	$16,916,141	-$6,219,303 -$1,141,840	$9,554,998
20	$17,761,878	-$6,532,225 -$1,198,927	$10,030,726
21	$18,650,112	-$6,860,872 -$1,258,883	$10,530,357
22	$19,582,711	-$7,205,933 -$1,321,833	$11,054,945
23	$20,561,543	-$7,568,101 -$1,387,904	$11,605,538
24	$21,589,877	-$7,948,585 -$1,457,317	$12,183,975
25	$22,669,114	-$8,347,903 -$1,530,165	$12,791,046
26	$23,802,990	-$8,767,437 -$1,606,702	$13,428,851
27	$24,992,906	-$9,207,706 -$1,687,021	$14,098,179
28	$26,242,598	-$9,670,092 -$1,771,375	$14,801,131
29	$27,554,868	-$10,155,632 -$1,859,954	$15,539,282
30	$28,932,518	-$10,665,362 -$1,952,945	$16,314,211