The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 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 Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(6.75%) | $12,588,750 | | Net Lumpsum Payment | $104,945,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$450,063 |
$3,790,190 |
| 2 |
$7,001,172 |
$2,550,764
$472,579 |
$3,977,829 |
| 3 |
$7,351,142 |
$2,680,253
$496,202 |
$4,174,687 |
| 4 |
$7,718,832 |
$2,816,298
$521,021 |
$4,381,513 |
| 5 |
$8,104,685 |
$2,959,064
$547,066 |
$4,598,555 |
| 6 |
$8,510,030 |
$3,109,041
$574,427 |
$4,826,562 |
| 7 |
$8,935,310 |
$3,266,395
$603,133 |
$5,065,782 |
| 8 |
$9,382,297 |
$3,431,780
$633,305 |
$5,317,212 |
| 9 |
$9,851,434 |
$3,605,361
$664,972 |
$5,581,101 |
| 10 |
$10,344,050 |
$3,787,629
$698,223 |
$5,858,198 |
| 11 |
$10,861,031 |
$3,978,912
$733,120 |
$6,148,999 |
| 12 |
$11,404,149 |
$4,179,866
$769,780 |
$6,454,503 |
| 13 |
$11,974,290 |
$4,390,818
$808,265 |
$6,775,207 |
| 14 |
$12,573,226 |
$4,612,424
$848,693 |
$7,112,109 |
| 15 |
$13,201,843 |
$4,845,012
$891,124 |
$7,465,707 |
| 16 |
$13,861,913 |
$5,089,238
$935,679 |
$7,836,996 |
| 17 |
$14,554,765 |
$5,345,593
$982,447 |
$8,226,725 |
| 18 |
$15,282,614 |
$5,614,898
$1,031,576 |
$8,636,140 |
| 19 |
$16,046,789 |
$5,897,642
$1,083,158 |
$9,065,989 |
| 20 |
$16,849,062 |
$6,194,483
$1,137,312 |
$9,517,267 |
| 21 |
$17,691,648 |
$6,506,240
$1,194,186 |
$9,991,222 |
| 22 |
$18,576,319 |
$6,833,568
$1,253,902 |
$10,488,849 |
| 23 |
$19,504,847 |
$7,177,124
$1,316,577 |
$11,011,146 |
| 24 |
$20,480,333 |
$7,538,054
$1,382,422 |
$11,559,857 |
| 25 |
$21,504,106 |
$7,916,850
$1,451,527 |
$12,135,729 |
| 26 |
$22,579,710 |
$8,314,823
$1,524,130 |
$12,740,757 |
| 27 |
$23,708,474 |
$8,732,466
$1,600,322 |
$13,375,686 |
| 28 |
$24,893,942 |
$9,171,089
$1,680,341 |
$14,042,512 |
| 29 |
$26,138,772 |
$9,631,676
$1,764,367 |
$14,742,729 |
| 30 |
$27,445,622 |
$10,115,211
$1,852,579 |
$15,477,832 |
|
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