Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 17, 2026 is estimated to be $60 Million, with a cash option of 27.1 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 Mar 17, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 17, 2026	$60,000,000	$27,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,100,000
Federal Tax(24%)	$6,504,000
Additional Federal Tax	$3,483,330
State Tax(6.75%)	$1,829,250
Net Lumpsum Payment	$15,283,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$60,957	$547,640
2	$948,240	-$311,179 -$64,006	$573,055
3	$995,640	-$328,717 -$67,206	$599,717
4	$1,045,440	-$347,143 -$70,567	$627,730
5	$1,097,700	-$366,479 -$74,095	$657,126
6	$1,152,600	-$386,792 -$77,801	$688,007
7	$1,210,200	-$408,104 -$81,689	$720,407
8	$1,270,740	-$430,504 -$85,775	$754,461
9	$1,334,280	-$454,014 -$90,064	$790,202
10	$1,401,000	-$478,700 -$94,568	$827,732
11	$1,471,020	-$504,608 -$99,294	$867,118
12	$1,544,580	-$531,825 -$104,259	$908,496
13	$1,621,800	-$560,396 -$109,472	$951,932
14	$1,702,920	-$590,411 -$114,947	$997,562
15	$1,788,060	-$621,913 -$120,694	$1,045,453
16	$1,877,460	-$654,991 -$126,729	$1,095,740
17	$1,971,300	-$689,711 -$133,063	$1,148,526
18	$2,069,880	-$726,186 -$139,717	$1,203,977
19	$2,173,380	-$764,481 -$146,703	$1,262,196
20	$2,282,040	-$804,685 -$154,038	$1,323,317
21	$2,396,160	-$846,910 -$161,741	$1,387,509
22	$2,515,980	-$891,243 -$169,829	$1,454,908
23	$2,641,740	-$937,774 -$178,317	$1,525,649
24	$2,773,860	-$986,659 -$187,236	$1,599,965
25	$2,912,520	-$1,037,963 -$196,595	$1,677,962
26	$3,058,200	-$1,091,864 -$206,429	$1,759,907
27	$3,211,080	-$1,148,430 -$216,748	$1,845,902
28	$3,371,640	-$1,207,837 -$227,586	$1,936,217
29	$3,540,240	-$1,270,219 -$238,966	$2,031,055
30	$3,717,240	-$1,335,709 -$250,914	$2,130,617