Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jan 30, 2026 is estimated to be $303 Million, with a cash option of 136.7 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 Fri Jan 30, 2026

Draw Date	Jackpot	Cash Option
Fri Jan 30, 2026	$303,000,000	$136,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,700,000
Federal Tax(24%)	$32,808,000
Additional Federal Tax	$17,731,330
State Tax(6.75%)	$9,227,250
Net Lumpsum Payment	$76,933,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,560,453	-$1,647,698 -$307,831	$2,604,924
2	$4,788,612	-$1,732,117 -$323,231	$2,733,264
3	$5,027,982	-$1,820,684 -$339,389	$2,867,909
4	$5,279,472	-$1,913,735 -$356,364	$3,009,373
5	$5,543,385	-$2,011,383 -$374,178	$3,157,824
6	$5,820,630	-$2,113,963 -$392,893	$3,313,774
7	$6,111,510	-$2,221,589 -$412,527	$3,477,394
8	$6,417,237	-$2,334,708 -$433,163	$3,649,366
9	$6,738,114	-$2,453,433 -$454,823	$3,829,858
10	$7,075,050	-$2,578,099 -$477,566	$4,019,385
11	$7,428,651	-$2,708,931 -$501,434	$4,218,286
12	$7,800,129	-$2,846,378 -$526,509	$4,427,242
13	$8,190,090	-$2,990,664 -$552,831	$4,646,595
14	$8,599,746	-$3,142,236 -$580,483	$4,877,027
15	$9,029,703	-$3,301,320 -$609,505	$5,118,878
16	$9,481,173	-$3,468,364 -$639,979	$5,372,830
17	$9,955,065	-$3,643,704 -$671,967	$5,639,394
18	$10,452,894	-$3,827,901 -$705,570	$5,919,423
19	$10,975,569	-$4,021,291 -$740,851	$6,213,427
20	$11,524,302	-$4,224,322 -$777,890	$6,522,090
21	$12,100,608	-$4,437,555 -$816,791	$6,846,262
22	$12,705,699	-$4,661,439 -$857,635	$7,186,625
23	$13,340,787	-$4,896,422 -$900,503	$7,543,862
24	$14,007,993	-$5,143,288 -$945,540	$7,919,165
25	$14,708,226	-$5,402,374 -$992,805	$8,313,047
26	$15,443,910	-$5,674,577 -$1,042,464	$8,726,869
27	$16,215,954	-$5,960,233 -$1,094,577	$9,161,144
28	$17,026,782	-$6,260,240 -$1,149,308	$9,617,234
29	$17,878,212	-$6,575,269 -$1,206,779	$10,096,164
30	$18,772,062	-$6,905,993 -$1,267,114	$10,598,955