The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 Tue May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(6.75%) | $9,207,000 | | Net Lumpsum Payment | $76,764,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$315,958 |
$2,672,654 |
| 2 |
$4,915,044 |
$1,778,897
$331,765 |
$2,804,382 |
| 3 |
$5,160,734 |
$1,869,802
$348,350 |
$2,942,582 |
| 4 |
$5,418,864 |
$1,965,310
$365,773 |
$3,087,781 |
| 5 |
$5,689,745 |
$2,065,536
$384,058 |
$3,240,151 |
| 6 |
$5,974,310 |
$2,170,825
$403,266 |
$3,400,219 |
| 7 |
$6,272,870 |
$2,281,292
$423,419 |
$3,568,159 |
| 8 |
$6,586,669 |
$2,397,398
$444,600 |
$3,744,671 |
| 9 |
$6,916,018 |
$2,519,257
$466,831 |
$3,929,930 |
| 10 |
$7,261,850 |
$2,647,215
$490,175 |
$4,124,460 |
| 11 |
$7,624,787 |
$2,781,502
$514,673 |
$4,328,612 |
| 12 |
$8,006,073 |
$2,922,577
$540,410 |
$4,543,086 |
| 13 |
$8,406,330 |
$3,070,672
$567,427 |
$4,768,231 |
| 14 |
$8,826,802 |
$3,226,247
$595,809 |
$5,004,746 |
| 15 |
$9,268,111 |
$3,389,531
$625,597 |
$5,252,983 |
| 16 |
$9,731,501 |
$3,560,986
$656,876 |
$5,513,639 |
| 17 |
$10,217,905 |
$3,740,955
$689,709 |
$5,787,241 |
| 18 |
$10,728,878 |
$3,930,015
$724,199 |
$6,074,664 |
| 19 |
$11,265,353 |
$4,128,511
$760,411 |
$6,376,431 |
| 20 |
$11,828,574 |
$4,336,903
$798,429 |
$6,693,242 |
| 21 |
$12,420,096 |
$4,555,766
$838,356 |
$7,025,974 |
| 22 |
$13,041,163 |
$4,785,561
$880,279 |
$7,375,323 |
| 23 |
$13,693,019 |
$5,026,747
$924,279 |
$7,741,993 |
| 24 |
$14,377,841 |
$5,280,132
$970,504 |
$8,127,205 |
| 25 |
$15,096,562 |
$5,546,058
$1,019,018 |
$8,531,486 |
| 26 |
$15,851,670 |
$5,825,448
$1,069,988 |
$8,956,234 |
| 27 |
$16,644,098 |
$6,118,647
$1,123,477 |
$9,401,974 |
| 28 |
$17,476,334 |
$6,426,574
$1,179,653 |
$9,870,107 |
| 29 |
$18,350,244 |
$6,749,921
$1,238,641 |
$10,361,682 |
| 30 |
$19,267,694 |
$7,089,377
$1,300,569 |
$10,877,748 |
|
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