The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(6.75%) | $4,650,750 | | Net Lumpsum Payment | $38,795,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$162,551 |
$1,394,259 |
| 2 |
$2,528,640 |
$895,927
$170,683 |
$1,462,030 |
| 3 |
$2,655,040 |
$942,695
$179,215 |
$1,533,130 |
| 4 |
$2,787,840 |
$991,831
$188,179 |
$1,607,830 |
| 5 |
$2,927,200 |
$1,043,394
$197,586 |
$1,686,220 |
| 6 |
$3,073,600 |
$1,097,562
$207,468 |
$1,768,570 |
| 7 |
$3,227,200 |
$1,154,394
$217,836 |
$1,854,970 |
| 8 |
$3,388,640 |
$1,214,127
$228,733 |
$1,945,780 |
| 9 |
$3,558,080 |
$1,276,820
$240,170 |
$2,041,090 |
| 10 |
$3,736,000 |
$1,342,650
$252,180 |
$2,141,170 |
| 11 |
$3,922,720 |
$1,411,737
$264,784 |
$2,246,199 |
| 12 |
$4,118,880 |
$1,484,316
$278,024 |
$2,356,540 |
| 13 |
$4,324,800 |
$1,560,506
$291,924 |
$2,472,370 |
| 14 |
$4,541,120 |
$1,640,545
$306,526 |
$2,594,049 |
| 15 |
$4,768,160 |
$1,724,550
$321,851 |
$2,721,759 |
| 16 |
$5,006,560 |
$1,812,758
$337,943 |
$2,855,859 |
| 17 |
$5,256,800 |
$1,905,346
$354,834 |
$2,996,620 |
| 18 |
$5,519,680 |
$2,002,612
$372,578 |
$3,144,490 |
| 19 |
$5,795,680 |
$2,104,732
$391,208 |
$3,299,740 |
| 20 |
$6,085,440 |
$2,211,943
$410,767 |
$3,462,730 |
| 21 |
$6,389,760 |
$2,324,542
$431,309 |
$3,633,909 |
| 22 |
$6,709,280 |
$2,442,764
$452,876 |
$3,813,640 |
| 23 |
$7,044,640 |
$2,566,847
$475,513 |
$4,002,280 |
| 24 |
$7,396,960 |
$2,697,206
$499,295 |
$4,200,459 |
| 25 |
$7,766,720 |
$2,834,017
$524,254 |
$4,408,449 |
| 26 |
$8,155,200 |
$2,977,754
$550,476 |
$4,626,970 |
| 27 |
$8,562,880 |
$3,128,596
$577,994 |
$4,856,290 |
| 28 |
$8,991,040 |
$3,287,015
$606,895 |
$5,097,130 |
| 29 |
$9,440,640 |
$3,453,367
$637,243 |
$5,350,030 |
| 30 |
$9,912,640 |
$3,628,007
$669,103 |
$5,615,530 |
|
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