Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 25, 2026 is estimated to be $130 Million, with a cash option of 55.5 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 Aug 25, 2026

Draw Date	Jackpot	Cash Option
Tue Aug 25, 2026	$130,000,000	$55,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,500,000
Federal Tax(24%)	$13,320,000
Additional Federal Tax	$7,175,330
State Tax(6.75%)	$3,746,250
Net Lumpsum Payment	$31,258,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,956,630	-$684,283 -$132,073	$1,140,274
2	$2,054,520	-$720,503 -$138,680	$1,195,337
3	$2,157,220	-$758,502 -$145,612	$1,253,106
4	$2,265,120	-$798,425 -$152,896	$1,313,799
5	$2,378,350	-$840,320 -$160,539	$1,377,491
6	$2,497,300	-$884,331 -$168,568	$1,444,401
7	$2,622,100	-$930,507 -$176,992	$1,514,601
8	$2,753,270	-$979,040 -$185,846	$1,588,384
9	$2,890,940	-$1,029,978 -$195,138	$1,665,824
10	$3,035,500	-$1,083,465 -$204,896	$1,747,139
11	$3,187,210	-$1,139,598 -$215,137	$1,832,475
12	$3,346,590	-$1,198,569 -$225,895	$1,922,126
13	$3,513,900	-$1,260,473 -$237,188	$2,016,239
14	$3,689,660	-$1,325,505 -$249,052	$2,115,103
15	$3,874,130	-$1,393,758 -$261,504	$2,218,868
16	$4,067,830	-$1,465,427 -$274,579	$2,327,824
17	$4,271,150	-$1,540,656 -$288,303	$2,442,191
18	$4,484,740	-$1,619,684 -$302,720	$2,562,336
19	$4,708,990	-$1,702,657 -$317,857	$2,688,476
20	$4,944,420	-$1,789,766 -$333,748	$2,820,906
21	$5,191,680	-$1,881,252 -$350,438	$2,959,990
22	$5,451,290	-$1,977,308 -$367,962	$3,106,020
23	$5,723,770	-$2,078,125 -$386,354	$3,259,291
24	$6,010,030	-$2,184,041 -$405,677	$3,420,312
25	$6,310,460	-$2,295,201 -$425,956	$3,589,303
26	$6,626,100	-$2,411,987 -$447,262	$3,766,851
27	$6,957,340	-$2,534,546 -$469,620	$3,953,174
28	$7,305,220	-$2,663,262 -$493,102	$4,148,856
29	$7,670,520	-$2,798,423 -$517,760	$4,354,337
30	$8,054,020	-$2,940,318 -$543,646	$4,570,056