The jackpot for the MEGA Millions draw on Tue Sep 29, 2026, is projected to be $300 Million, with an option for a cash payout of $124.1 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 29, 2026 |
|---|
| Draw Date | Tue Sep 29, 2026 | | Projected Jackpot | $300,000,000 | | Cash Value | $124,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,100,000 | | Federal Tax(24%) | $29,784,000 | | Additional Federal Tax | $16,093,330 | | State Tax(6.75%) | $8,376,750 | | Net Lumpsum Payment | $69,845,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,515,300 |
$1,630,991
$304,783 |
$2,579,526 |
| 2 |
$4,741,200 |
$1,714,574
$320,031 |
$2,706,595 |
| 3 |
$4,978,200 |
$1,802,264
$336,029 |
$2,839,907 |
| 4 |
$5,227,200 |
$1,894,394
$352,836 |
$2,979,970 |
| 5 |
$5,488,500 |
$1,991,075
$370,474 |
$3,126,951 |
| 6 |
$5,763,000 |
$2,092,640
$389,003 |
$3,281,357 |
| 7 |
$6,051,000 |
$2,199,200
$408,443 |
$3,443,357 |
| 8 |
$6,353,700 |
$2,311,199
$428,875 |
$3,613,626 |
| 9 |
$6,671,400 |
$2,428,748
$450,320 |
$3,792,332 |
| 10 |
$7,005,000 |
$2,552,180
$472,838 |
$3,979,982 |
| 11 |
$7,355,100 |
$2,681,717
$496,469 |
$4,176,914 |
| 12 |
$7,722,900 |
$2,817,803
$521,296 |
$4,383,801 |
| 13 |
$8,109,000 |
$2,960,660
$547,358 |
$4,600,982 |
| 14 |
$8,514,600 |
$3,110,732
$574,736 |
$4,829,132 |
| 15 |
$8,940,300 |
$3,268,241
$603,470 |
$5,068,589 |
| 16 |
$9,387,300 |
$3,433,631
$633,643 |
$5,320,026 |
| 17 |
$9,856,500 |
$3,607,235
$665,314 |
$5,583,951 |
| 18 |
$10,349,400 |
$3,789,608
$698,585 |
$5,861,207 |
| 19 |
$10,866,900 |
$3,981,083
$733,516 |
$6,152,301 |
| 20 |
$11,410,200 |
$4,182,104
$770,189 |
$6,457,907 |
| 21 |
$11,980,800 |
$4,393,226
$808,704 |
$6,778,870 |
| 22 |
$12,579,900 |
$4,614,893
$849,143 |
$7,115,864 |
| 23 |
$13,208,700 |
$4,847,549
$891,587 |
$7,469,564 |
| 24 |
$13,869,300 |
$5,091,971
$936,178 |
$7,841,151 |
| 25 |
$14,562,600 |
$5,348,492
$982,976 |
$8,231,132 |
| 26 |
$15,291,000 |
$5,618,000
$1,032,143 |
$8,640,857 |
| 27 |
$16,055,400 |
$5,900,828
$1,083,740 |
$9,070,832 |
| 28 |
$16,858,200 |
$6,197,864
$1,137,929 |
$9,522,407 |
| 29 |
$17,701,200 |
$6,509,774
$1,194,831 |
$9,996,595 |
| 30 |
$18,586,200 |
$6,837,224
$1,254,569 |
$10,494,407 |
|
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