Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 Oct 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(6.75%)	$9,423,000
Net Lumpsum Payment	$78,564,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$350,500	$2,960,504
2	$5,452,380	-$1,977,711 -$368,036	$3,106,633
3	$5,724,930	-$2,078,554 -$386,433	$3,259,943
4	$6,011,280	-$2,184,504 -$405,761	$3,421,015
5	$6,311,775	-$2,295,687 -$426,045	$3,590,043
6	$6,627,450	-$2,412,487 -$447,353	$3,767,610
7	$6,958,650	-$2,535,031 -$469,709	$3,953,910
8	$7,306,755	-$2,663,830 -$493,206	$4,149,719
9	$7,672,110	-$2,799,011 -$517,867	$4,355,232
10	$8,055,750	-$2,940,958 -$543,763	$4,571,029
11	$8,458,365	-$3,089,925 -$570,940	$4,797,500
12	$8,881,335	-$3,246,424 -$599,490	$5,035,421
13	$9,325,350	-$3,410,710 -$629,461	$5,285,179
14	$9,791,790	-$3,583,293 -$660,946	$5,547,551
15	$10,281,345	-$3,764,428 -$693,991	$5,822,926
16	$10,795,395	-$3,954,627 -$728,689	$6,112,079
17	$11,334,975	-$4,154,271 -$765,111	$6,415,593
18	$11,901,810	-$4,364,000 -$803,372	$6,734,438
19	$12,496,935	-$4,584,196 -$843,543	$7,069,196
20	$13,121,730	-$4,815,370 -$885,717	$7,420,643
21	$13,777,920	-$5,058,161 -$930,010	$7,789,749
22	$14,466,885	-$5,313,078 -$976,515	$8,177,292
23	$15,190,005	-$5,580,632 -$1,025,325	$8,584,048
24	$15,949,695	-$5,861,718 -$1,076,604	$9,011,373
25	$16,746,990	-$6,156,717 -$1,130,422	$9,459,851
26	$17,584,650	-$6,466,651 -$1,186,964	$9,931,035
27	$18,463,710	-$6,791,903 -$1,246,300	$10,425,507
28	$19,386,930	-$7,133,494 -$1,308,618	$10,944,818
29	$20,356,380	-$7,492,191 -$1,374,056	$11,490,133
30	$21,374,130	-$7,868,758 -$1,442,754	$12,062,618