Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 17, 2026 is estimated to be $395 Million, with a cash option of 183.3 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 Feb 17, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 17, 2026	$395,000,000	$183,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$183,300,000
Federal Tax(24%)	$43,992,000
Additional Federal Tax	$23,789,330
State Tax(6.75%)	$12,372,750
Net Lumpsum Payment	$103,145,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$401,297	$3,383,814
2	$6,242,580	-$2,270,085 -$421,374	$3,551,121
3	$6,554,630	-$2,385,543 -$442,438	$3,726,649
4	$6,882,480	-$2,506,848 -$464,567	$3,911,065
5	$7,226,525	-$2,634,145 -$487,790	$4,104,590
6	$7,587,950	-$2,767,872 -$512,187	$4,307,891
7	$7,967,150	-$2,908,176 -$537,783	$4,521,191
8	$8,365,705	-$3,055,641 -$564,685	$4,745,379
9	$8,784,010	-$3,210,414 -$592,921	$4,980,675
10	$9,223,250	-$3,372,933 -$622,569	$5,227,748
11	$9,684,215	-$3,543,490 -$653,685	$5,487,040
12	$10,168,485	-$3,722,670 -$686,373	$5,759,442
13	$10,676,850	-$3,910,765 -$720,687	$6,045,398
14	$11,210,890	-$4,108,360 -$756,735	$6,345,795
15	$11,771,395	-$4,315,747 -$794,569	$6,661,079
16	$12,359,945	-$4,533,510 -$834,296	$6,992,139
17	$12,977,725	-$4,762,089 -$875,996	$7,339,640
18	$13,626,710	-$5,002,213 -$919,803	$7,704,694
19	$14,308,085	-$5,254,322 -$965,796	$8,087,967
20	$15,023,430	-$5,518,999 -$1,014,082	$8,490,349
21	$15,774,720	-$5,796,977 -$1,064,794	$8,912,949
22	$16,563,535	-$6,088,838 -$1,118,039	$9,356,658
23	$17,391,455	-$6,395,169 -$1,173,923	$9,822,363
24	$18,261,245	-$6,716,991 -$1,232,634	$10,311,620
25	$19,174,090	-$7,054,744 -$1,294,251	$10,825,095
26	$20,133,150	-$7,409,596 -$1,358,988	$11,364,566
27	$21,139,610	-$7,781,986 -$1,426,924	$11,930,700
28	$22,196,630	-$8,173,083 -$1,498,273	$12,525,274
29	$23,306,580	-$8,583,765 -$1,573,194	$13,149,621
30	$24,471,830	-$9,014,907 -$1,651,849	$13,805,074