Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 9, 2026 is estimated to be $392 Million, with a cash option of 173.3 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Montana MEGA Millions Jackpot/Cash Option for Tue Jun 9, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 9, 2026	$392,000,000	$173,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$173,300,000
Federal Tax(24%)	$41,592,000
Additional Federal Tax	$22,489,330
State Tax(6.75%)	$11,697,750
Net Lumpsum Payment	$97,520,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,899,992	-$2,143,327 -$398,249	$3,358,416
2	$6,195,168	-$2,252,543 -$418,174	$3,524,451
3	$6,504,848	-$2,367,124 -$439,077	$3,698,647
4	$6,830,208	-$2,487,507 -$461,039	$3,881,662
5	$7,171,640	-$2,613,837 -$484,086	$4,073,717
6	$7,530,320	-$2,746,549 -$508,297	$4,275,474
7	$7,906,640	-$2,885,787 -$533,698	$4,487,155
8	$8,302,168	-$3,032,133 -$560,396	$4,709,639
9	$8,717,296	-$3,185,730 -$588,417	$4,943,149
10	$9,153,200	-$3,347,014 -$617,841	$5,188,345
11	$9,610,664	-$3,516,276 -$648,720	$5,445,668
12	$10,091,256	-$3,694,095 -$681,160	$5,716,001
13	$10,595,760	-$3,880,762 -$715,214	$5,999,784
14	$11,125,744	-$4,076,856 -$750,988	$6,297,900
15	$11,681,992	-$4,282,667 -$788,534	$6,610,791
16	$12,266,072	-$4,498,777 -$827,960	$6,939,335
17	$12,879,160	-$4,725,620 -$869,343	$7,284,197
18	$13,523,216	-$4,963,920 -$912,817	$7,646,479
19	$14,199,416	-$5,214,114 -$958,461	$8,026,841
20	$14,909,328	-$5,476,782 -$1,006,380	$8,426,166
21	$15,654,912	-$5,752,648 -$1,056,707	$8,845,557
22	$16,437,736	-$6,042,293 -$1,109,547	$9,285,896
23	$17,259,368	-$6,346,297 -$1,165,007	$9,748,064
24	$18,122,552	-$6,665,675 -$1,223,272	$10,233,605
25	$19,028,464	-$7,000,862 -$1,284,421	$10,743,181
26	$19,980,240	-$7,353,019 -$1,348,666	$11,278,555
27	$20,979,056	-$7,722,581 -$1,416,086	$11,840,389
28	$22,028,048	-$8,110,708 -$1,486,893	$12,430,447
29	$23,129,568	-$8,518,271 -$1,561,246	$13,050,051
30	$24,285,968	-$8,946,139 -$1,639,303	$13,700,526