The jackpot for the MEGA Millions draw on Fri Jan 30, 2026, is projected to be $303 Million, with an option for a cash payout of $136.7 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 Jan 30, 2026 |
|---|
| Draw Date | Fri Jan 30, 2026 | | Projected Jackpot | $303,000,000 | | Cash Value | $136,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
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 |
|
|
