The jackpot for the MEGA Millions draw on Tue Sep 22, 2026, is projected to be $261 Million, with an option for a cash payout of $110.5 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 Tue Sep 22, 2026 |
|---|
| Draw Date | Tue Sep 22, 2026 | | Projected Jackpot | $261,000,000 | | Cash Value | $110,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $110,500,000 | | Federal Tax(24%) | $26,520,000 | | Additional Federal Tax | $14,325,330 | | State Tax(6.75%) | $7,458,750 | | Net Lumpsum Payment | $62,195,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,928,311 |
$1,413,805
$265,161 |
$2,249,345 |
| 2 |
$4,124,844 |
$1,486,523
$278,427 |
$2,359,894 |
| 3 |
$4,331,034 |
$1,562,813
$292,345 |
$2,475,876 |
| 4 |
$4,547,664 |
$1,642,966
$306,967 |
$2,597,731 |
| 5 |
$4,774,995 |
$1,727,079
$322,312 |
$2,725,604 |
| 6 |
$5,013,810 |
$1,815,440
$338,432 |
$2,859,938 |
| 7 |
$5,264,370 |
$1,908,147
$355,345 |
$3,000,878 |
| 8 |
$5,527,719 |
$2,005,586
$373,121 |
$3,149,012 |
| 9 |
$5,804,118 |
$2,107,854
$391,778 |
$3,304,486 |
| 10 |
$6,094,350 |
$2,215,240
$411,369 |
$3,467,741 |
| 11 |
$6,398,937 |
$2,327,937
$431,928 |
$3,639,072 |
| 12 |
$6,718,923 |
$2,446,332
$453,527 |
$3,819,064 |
| 13 |
$7,054,830 |
$2,570,617
$476,201 |
$4,008,012 |
| 14 |
$7,407,702 |
$2,701,180
$500,020 |
$4,206,502 |
| 15 |
$7,778,061 |
$2,838,213
$525,019 |
$4,414,829 |
| 16 |
$8,166,951 |
$2,982,102
$551,269 |
$4,633,580 |
| 17 |
$8,575,155 |
$3,133,138
$578,823 |
$4,863,194 |
| 18 |
$9,003,978 |
$3,291,802
$607,769 |
$5,104,407 |
| 19 |
$9,454,203 |
$3,458,385
$638,159 |
$5,357,659 |
| 20 |
$9,926,874 |
$3,633,274
$670,064 |
$5,623,536 |
| 21 |
$10,423,296 |
$3,816,950
$703,572 |
$5,902,774 |
| 22 |
$10,944,513 |
$4,009,800
$738,755 |
$6,195,958 |
| 23 |
$11,491,569 |
$4,212,211
$775,681 |
$6,503,677 |
| 24 |
$12,066,291 |
$4,424,858
$814,475 |
$6,826,958 |
| 25 |
$12,669,462 |
$4,648,031
$855,189 |
$7,166,242 |
| 26 |
$13,303,170 |
$4,882,503
$897,964 |
$7,522,703 |
| 27 |
$13,968,198 |
$5,128,564
$942,853 |
$7,896,781 |
| 28 |
$14,666,634 |
$5,386,985
$989,998 |
$8,289,651 |
| 29 |
$15,400,044 |
$5,658,347
$1,039,503 |
$8,702,194 |
| 30 |
$16,169,994 |
$5,943,228
$1,091,475 |
$9,135,291 |
|
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