The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Montana residents, the state will deduct 6.75% from your lottery earnings.
| Montana MEGA Millions Jackpot/Cash Option for Fri Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(6.75%) | $21,829,500 | | Net Lumpsum Payment | $181,952,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$754,845 |
$6,330,047 |
| 2 |
$11,742,372 |
$4,305,008
$792,610 |
$6,644,754 |
| 3 |
$12,329,342 |
$4,522,187
$832,231 |
$6,974,924 |
| 4 |
$12,946,032 |
$4,750,362
$873,857 |
$7,321,813 |
| 5 |
$13,593,185 |
$4,989,809
$917,540 |
$7,685,836 |
| 6 |
$14,273,030 |
$5,241,351
$963,430 |
$8,068,249 |
| 7 |
$14,986,310 |
$5,505,265
$1,011,576 |
$8,469,469 |
| 8 |
$15,735,997 |
$5,782,649
$1,062,180 |
$8,891,168 |
| 9 |
$16,522,834 |
$6,073,779
$1,115,291 |
$9,333,764 |
| 10 |
$17,349,050 |
$6,379,479
$1,171,061 |
$9,798,510 |
| 11 |
$18,216,131 |
$6,700,299
$1,229,589 |
$10,286,243 |
| 12 |
$19,127,049 |
$7,037,339
$1,291,076 |
$10,798,634 |
| 13 |
$20,083,290 |
$7,391,148
$1,355,622 |
$11,336,520 |
| 14 |
$21,087,826 |
$7,762,826
$1,423,428 |
$11,901,572 |
| 15 |
$22,142,143 |
$8,152,923
$1,494,595 |
$12,494,625 |
| 16 |
$23,249,213 |
$8,562,539
$1,569,322 |
$13,117,352 |
| 17 |
$24,411,265 |
$8,992,498
$1,647,760 |
$13,771,007 |
| 18 |
$25,632,014 |
$9,444,176
$1,730,161 |
$14,457,677 |
| 19 |
$26,913,689 |
$9,918,395
$1,816,674 |
$15,178,620 |
| 20 |
$28,259,262 |
$10,416,257
$1,907,500 |
$15,935,505 |
| 21 |
$29,672,448 |
$10,939,136
$2,002,890 |
$16,730,422 |
| 22 |
$31,156,219 |
$11,488,131
$2,103,045 |
$17,565,043 |
| 23 |
$32,713,547 |
$12,064,343
$2,208,164 |
$18,441,040 |
| 24 |
$34,349,633 |
$12,669,695
$2,318,600 |
$19,361,338 |
| 25 |
$36,066,706 |
$13,305,012
$2,434,503 |
$20,327,191 |
| 26 |
$37,870,710 |
$13,972,493
$2,556,273 |
$21,341,944 |
| 27 |
$39,763,874 |
$14,672,964
$2,684,061 |
$22,406,849 |
| 28 |
$41,752,142 |
$15,408,623
$2,818,270 |
$23,525,249 |
| 29 |
$43,839,972 |
$16,181,120
$2,959,198 |
$24,699,654 |
| 30 |
$46,031,822 |
$16,992,105
$3,107,148 |
$25,932,569 |
|
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