Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(6.75%)	$4,239,000
Net Lumpsum Payment	$35,364,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$142,232	$1,224,936
2	$2,212,560	-$778,978 -$149,348	$1,284,234
3	$2,323,160	-$819,900 -$156,813	$1,346,447
4	$2,439,360	-$862,894 -$164,657	$1,411,809
5	$2,561,300	-$908,011 -$172,888	$1,480,401
6	$2,689,400	-$955,408 -$181,535	$1,552,457
7	$2,823,800	-$1,005,136 -$190,607	$1,628,057
8	$2,965,060	-$1,057,403 -$200,142	$1,707,515
9	$3,113,320	-$1,112,259 -$210,149	$1,790,912
10	$3,269,000	-$1,169,860 -$220,658	$1,878,482
11	$3,432,380	-$1,230,311 -$231,686	$1,970,383
12	$3,604,020	-$1,293,818 -$243,271	$2,066,931
13	$3,784,200	-$1,360,484 -$255,434	$2,168,282
14	$3,973,480	-$1,430,518 -$268,210	$2,274,752
15	$4,172,140	-$1,504,022 -$281,619	$2,386,499
16	$4,380,740	-$1,581,204 -$295,700	$2,503,836
17	$4,599,700	-$1,662,219 -$310,480	$2,627,001
18	$4,829,720	-$1,747,327 -$326,006	$2,756,387
19	$5,071,220	-$1,836,682 -$342,307	$2,892,231
20	$5,324,760	-$1,930,492 -$359,421	$3,034,847
21	$5,591,040	-$2,029,015 -$377,395	$3,184,630
22	$5,870,620	-$2,132,460 -$396,267	$3,341,893
23	$6,164,060	-$2,241,033 -$416,074	$3,506,953
24	$6,472,340	-$2,355,096 -$436,883	$3,680,361
25	$6,795,880	-$2,474,806 -$458,722	$3,862,352
26	$7,135,800	-$2,600,576 -$481,667	$4,053,557
27	$7,492,520	-$2,732,563 -$505,745	$4,254,212
28	$7,867,160	-$2,871,180 -$531,033	$4,464,947
29	$8,260,560	-$3,016,738 -$557,588	$4,686,234
30	$8,673,560	-$3,169,548 -$585,465	$4,918,547