Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 6, 2026 is estimated to be $180 Million, with a cash option of 81.9 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 Jan 6, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 6, 2026	$180,000,000	$81,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$81,900,000
Federal Tax(24%)	$19,656,000
Additional Federal Tax	$10,607,330
State Tax(6.75%)	$5,528,250
Net Lumpsum Payment	$46,108,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,709,180	-$962,727 -$182,870	$1,563,583
2	$2,844,720	-$1,012,877 -$192,019	$1,639,824
3	$2,986,920	-$1,065,491 -$201,617	$1,719,812
4	$3,136,320	-$1,120,769 -$211,702	$1,803,849
5	$3,293,100	-$1,178,777 -$222,284	$1,892,039
6	$3,457,800	-$1,239,716 -$233,402	$1,984,682
7	$3,630,600	-$1,303,652 -$245,066	$2,081,882
8	$3,812,220	-$1,370,852 -$257,325	$2,184,043
9	$4,002,840	-$1,441,381 -$270,192	$2,291,267
10	$4,203,000	-$1,515,440 -$283,703	$2,403,857
11	$4,413,060	-$1,593,163 -$297,882	$2,522,015
12	$4,633,740	-$1,674,814 -$312,777	$2,646,149
13	$4,865,400	-$1,760,528 -$328,415	$2,776,457
14	$5,108,760	-$1,850,572 -$344,841	$2,913,347
15	$5,364,180	-$1,945,077 -$362,082	$3,057,021
16	$5,632,380	-$2,044,311 -$380,186	$3,207,883
17	$5,913,900	-$2,148,473 -$399,188	$3,366,239
18	$6,209,640	-$2,257,897 -$419,151	$3,532,592
19	$6,520,140	-$2,372,782 -$440,109	$3,707,249
20	$6,846,120	-$2,493,395 -$462,113	$3,890,612
21	$7,188,480	-$2,620,068 -$485,222	$4,083,190
22	$7,547,940	-$2,753,068 -$509,486	$4,285,386
23	$7,925,220	-$2,892,662 -$534,952	$4,497,606
24	$8,321,580	-$3,039,315 -$561,707	$4,720,558
25	$8,737,560	-$3,193,228 -$589,785	$4,954,547
26	$9,174,600	-$3,354,932 -$619,286	$5,200,382
27	$9,633,240	-$3,524,629 -$650,244	$5,458,367
28	$10,114,920	-$3,702,851 -$682,757	$5,729,312
29	$10,620,720	-$3,889,997 -$716,899	$6,013,824
30	$11,151,720	-$4,086,467 -$752,741	$6,312,512