The jackpot for the MEGA Millions draw on Tue Jul 7, 2026, is projected to be $576 Million, with an option for a cash payout of $253.9 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 Jul 7, 2026 |
|---|
| Draw Date | Tue Jul 7, 2026 | | Projected Jackpot | $576,000,000 | | Cash Value | $253,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $253,900,000 | | Federal Tax(24%) | $60,936,000 | | Additional Federal Tax | $32,967,330 | | State Tax(6.75%) | $17,138,250 | | Net Lumpsum Payment | $142,858,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,669,376 |
$3,168,000
$585,183 |
$4,916,193 |
| 2 |
$9,103,104 |
$3,328,479
$614,460 |
$5,160,165 |
| 3 |
$9,558,144 |
$3,496,844
$645,175 |
$5,416,125 |
| 4 |
$10,036,224 |
$3,673,733
$677,445 |
$5,685,046 |
| 5 |
$10,537,920 |
$3,859,361
$711,310 |
$5,967,249 |
| 6 |
$11,064,960 |
$4,054,366
$746,885 |
$6,263,709 |
| 7 |
$11,617,920 |
$4,258,961
$784,210 |
$6,574,749 |
| 8 |
$12,199,104 |
$4,473,999
$823,440 |
$6,901,665 |
| 9 |
$12,809,088 |
$4,699,693
$864,613 |
$7,244,782 |
| 10 |
$13,449,600 |
$4,936,682
$907,848 |
$7,605,070 |
| 11 |
$14,121,792 |
$5,185,393
$953,221 |
$7,983,178 |
| 12 |
$14,827,968 |
$5,446,679
$1,000,888 |
$8,380,401 |
| 13 |
$15,569,280 |
$5,720,964
$1,050,926 |
$8,797,390 |
| 14 |
$16,348,032 |
$6,009,102
$1,103,492 |
$9,235,438 |
| 15 |
$17,165,376 |
$6,311,520
$1,158,663 |
$9,695,193 |
| 16 |
$18,023,616 |
$6,629,068
$1,216,594 |
$10,177,954 |
| 17 |
$18,924,480 |
$6,962,388
$1,277,402 |
$10,684,690 |
| 18 |
$19,870,848 |
$7,312,544
$1,341,282 |
$11,217,022 |
| 19 |
$20,864,448 |
$7,680,176
$1,408,350 |
$11,775,922 |
| 20 |
$21,907,584 |
$8,066,136
$1,478,762 |
$12,362,686 |
| 21 |
$23,003,136 |
$8,471,491
$1,552,712 |
$12,978,933 |
| 22 |
$24,153,408 |
$8,897,091
$1,630,355 |
$13,625,962 |
| 23 |
$25,360,704 |
$9,343,791
$1,711,848 |
$14,305,065 |
| 24 |
$26,629,056 |
$9,813,081
$1,797,461 |
$15,018,514 |
| 25 |
$27,960,192 |
$10,305,601
$1,887,313 |
$15,767,278 |
| 26 |
$29,358,720 |
$10,823,057
$1,981,714 |
$16,553,949 |
| 27 |
$30,826,368 |
$11,366,087
$2,080,780 |
$17,379,501 |
| 28 |
$32,367,744 |
$11,936,396
$2,184,823 |
$18,246,525 |
| 29 |
$33,986,304 |
$12,535,263
$2,294,076 |
$19,156,965 |
| 30 |
$35,685,504 |
$13,163,967
$2,408,772 |
$20,112,765 |
|
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