Montana Lottery

MTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 20, 2026 is estimated to be $416 Million, with a cash option of 193.1 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 Fri Feb 20, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 20, 2026	$416,000,000	$193,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,100,000
Federal Tax(24%)	$46,344,000
Additional Federal Tax	$25,063,330
State Tax(6.75%)	$13,034,250
Net Lumpsum Payment	$108,658,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,261,216	-$2,276,980 -$422,632	$3,561,604
2	$6,574,464	-$2,392,882 -$443,776	$3,737,806
3	$6,903,104	-$2,514,479 -$465,960	$3,922,665
4	$7,248,384	-$2,642,232 -$489,266	$4,116,886
5	$7,610,720	-$2,776,297 -$513,724	$4,320,699
6	$7,991,360	-$2,917,134 -$539,417	$4,534,809
7	$8,390,720	-$3,064,897 -$566,374	$4,759,449
8	$8,810,464	-$3,220,202 -$594,706	$4,995,556
9	$9,251,008	-$3,383,203 -$624,443	$5,243,362
10	$9,713,600	-$3,554,362 -$655,668	$5,503,570
11	$10,199,072	-$3,733,987 -$688,437	$5,776,648
12	$10,709,088	-$3,922,693 -$722,863	$6,063,532
13	$11,244,480	-$4,120,788 -$759,002	$6,364,690
14	$11,806,912	-$4,328,888 -$796,967	$6,681,057
15	$12,397,216	-$4,547,300 -$836,812	$7,013,104
16	$13,017,056	-$4,776,641 -$878,651	$7,361,764
17	$13,667,680	-$5,017,372 -$922,568	$7,727,740
18	$14,351,168	-$5,270,263 -$968,704	$8,112,201
19	$15,068,768	-$5,535,775 -$1,017,142	$8,515,851
20	$15,822,144	-$5,814,524 -$1,067,995	$8,939,625
21	$16,613,376	-$6,107,280 -$1,121,403	$9,384,693
22	$17,444,128	-$6,414,658 -$1,177,479	$9,851,991
23	$18,316,064	-$6,737,274 -$1,236,334	$10,342,456
24	$19,232,096	-$7,076,206 -$1,298,166	$10,857,724
25	$20,193,472	-$7,431,915 -$1,363,059	$11,398,498
26	$21,203,520	-$7,805,633 -$1,431,238	$11,966,649
27	$22,263,488	-$8,197,821 -$1,502,785	$12,562,882
28	$23,376,704	-$8,609,711 -$1,577,928	$13,189,065
29	$24,545,664	-$9,042,226 -$1,656,832	$13,846,606
30	$25,772,864	-$9,496,290 -$1,739,668	$14,536,906