Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 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 Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(6.75%)	$10,381,500
Net Lumpsum Payment	$86,552,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$351,516	$2,968,971
2	$5,468,184	-$1,983,558 -$369,102	$3,115,524
3	$5,741,524	-$2,084,694 -$387,553	$3,269,277
4	$6,028,704	-$2,190,951 -$406,938	$3,430,815
5	$6,330,070	-$2,302,456 -$427,280	$3,600,334
6	$6,646,660	-$2,419,595 -$448,650	$3,778,415
7	$6,978,820	-$2,542,494 -$471,070	$3,965,256
8	$7,327,934	-$2,671,666 -$494,636	$4,161,632
9	$7,694,348	-$2,807,239 -$519,368	$4,367,741
10	$8,079,100	-$2,949,597 -$545,339	$4,584,164
11	$8,482,882	-$3,098,997 -$572,595	$4,811,290
12	$8,907,078	-$3,255,949 -$601,228	$5,049,901
13	$9,352,380	-$3,420,711 -$631,286	$5,300,383
14	$9,820,172	-$3,593,794 -$662,862	$5,563,516
15	$10,311,146	-$3,775,454 -$696,002	$5,839,690
16	$10,826,686	-$3,966,204 -$730,801	$6,129,681
17	$11,367,830	-$4,166,427 -$767,329	$6,434,074
18	$11,936,308	-$4,376,764 -$805,701	$6,753,843
19	$12,533,158	-$4,597,599 -$845,988	$7,089,571
20	$13,159,764	-$4,829,443 -$888,284	$7,442,037
21	$13,817,856	-$5,072,937 -$932,705	$7,812,214
22	$14,508,818	-$5,328,593 -$979,345	$8,200,880
23	$15,234,034	-$5,596,923 -$1,028,297	$8,608,814
24	$15,995,926	-$5,878,823 -$1,079,725	$9,037,378
25	$16,795,532	-$6,174,677 -$1,133,698	$9,487,157
26	$17,635,620	-$6,485,510 -$1,190,404	$9,959,706
27	$18,517,228	-$6,811,705 -$1,249,913	$10,455,610
28	$19,443,124	-$7,154,286 -$1,312,411	$10,976,427
29	$20,415,384	-$7,514,022 -$1,378,038	$11,523,324
30	$21,436,084	-$7,891,681 -$1,446,936	$12,097,467