Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 1, 2026 is estimated to be $178 Million, with a cash option of 79.6 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 May 1, 2026

Draw Date	Jackpot	Cash Option
Fri May 1, 2026	$178,000,000	$79,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$79,600,000
Federal Tax(24%)	$19,104,000
Additional Federal Tax	$10,308,330
State Tax(6.75%)	$5,373,000
Net Lumpsum Payment	$44,814,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,679,078	-$951,589 -$180,838	$1,546,651
2	$2,813,112	-$1,001,182 -$189,885	$1,622,045
3	$2,953,732	-$1,053,211 -$199,377	$1,701,144
4	$3,101,472	-$1,107,875 -$209,349	$1,784,248
5	$3,256,510	-$1,165,239 -$219,814	$1,871,457
6	$3,419,380	-$1,225,501 -$230,808	$1,963,071
7	$3,590,260	-$1,288,727 -$242,343	$2,059,190
8	$3,769,862	-$1,355,179 -$254,466	$2,160,217
9	$3,958,364	-$1,424,925 -$267,190	$2,266,249
10	$4,156,300	-$1,498,161 -$280,550	$2,377,589
11	$4,364,026	-$1,575,020 -$294,572	$2,494,434
12	$4,582,254	-$1,655,764 -$309,302	$2,617,188
13	$4,811,340	-$1,740,526 -$324,765	$2,746,049
14	$5,051,996	-$1,829,569 -$341,010	$2,881,417
15	$5,304,578	-$1,923,024 -$358,059	$3,023,495
16	$5,569,798	-$2,021,156 -$375,961	$3,172,681
17	$5,848,190	-$2,124,161 -$394,753	$3,329,276
18	$6,140,644	-$2,232,369 -$414,493	$3,493,782
19	$6,447,694	-$2,345,977 -$435,219	$3,666,498
20	$6,770,052	-$2,465,250 -$456,979	$3,847,823
21	$7,108,608	-$2,590,515 -$479,831	$4,038,262
22	$7,464,074	-$2,722,038 -$503,825	$4,238,211
23	$7,837,162	-$2,860,080 -$529,008	$4,448,074
24	$8,229,118	-$3,005,104 -$555,465	$4,668,549
25	$8,640,476	-$3,157,307 -$583,232	$4,899,937
26	$9,072,660	-$3,317,215 -$612,405	$5,143,040
27	$9,526,204	-$3,485,026 -$643,019	$5,398,159
28	$10,002,532	-$3,661,267 -$675,171	$5,666,094
29	$10,502,712	-$3,846,334 -$708,933	$5,947,445
30	$11,027,812	-$4,040,621 -$744,377	$6,242,814