The jackpot for the MEGA Millions draw on Tue May 5, 2026, is projected to be $195 Million, with an option for a cash payout of $86.3 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 5, 2026 |
|---|
| Draw Date | Tue May 5, 2026 | | Projected Jackpot | $195,000,000 | | Cash Value | $86,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $86,300,000 | | Federal Tax(24%) | $20,712,000 | | Additional Federal Tax | $11,179,330 | | State Tax(6.75%) | $5,825,250 | | Net Lumpsum Payment | $48,583,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,934,945 |
$1,046,260
$198,109 |
$1,690,576 |
| 2 |
$3,081,780 |
$1,100,589
$208,020 |
$1,773,171 |
| 3 |
$3,235,830 |
$1,157,587
$218,419 |
$1,859,824 |
| 4 |
$3,397,680 |
$1,217,472
$229,343 |
$1,950,865 |
| 5 |
$3,567,525 |
$1,280,315
$240,808 |
$2,046,402 |
| 6 |
$3,745,950 |
$1,346,332
$252,852 |
$2,146,766 |
| 7 |
$3,933,150 |
$1,415,596
$265,488 |
$2,252,066 |
| 8 |
$4,129,905 |
$1,488,395
$278,769 |
$2,362,741 |
| 9 |
$4,336,410 |
$1,564,802
$292,708 |
$2,478,900 |
| 10 |
$4,553,250 |
$1,645,033
$307,344 |
$2,600,873 |
| 11 |
$4,780,815 |
$1,729,232
$322,705 |
$2,728,878 |
| 12 |
$5,019,885 |
$1,817,688
$338,842 |
$2,863,355 |
| 13 |
$5,270,850 |
$1,910,545
$355,782 |
$3,004,523 |
| 14 |
$5,534,490 |
$2,008,092
$373,578 |
$3,152,820 |
| 15 |
$5,811,195 |
$2,110,473
$392,256 |
$3,308,466 |
| 16 |
$6,101,745 |
$2,217,976
$411,868 |
$3,471,901 |
| 17 |
$6,406,725 |
$2,330,819
$432,454 |
$3,643,452 |
| 18 |
$6,727,110 |
$2,449,361
$454,080 |
$3,823,669 |
| 19 |
$7,063,485 |
$2,573,820
$476,785 |
$4,012,880 |
| 20 |
$7,416,630 |
$2,704,483
$500,623 |
$4,211,524 |
| 21 |
$7,787,520 |
$2,841,713
$525,658 |
$4,420,149 |
| 22 |
$8,176,935 |
$2,985,796
$551,943 |
$4,639,196 |
| 23 |
$8,585,655 |
$3,137,023
$579,532 |
$4,869,100 |
| 24 |
$9,015,045 |
$3,295,897
$608,516 |
$5,110,632 |
| 25 |
$9,465,690 |
$3,462,636
$638,934 |
$5,364,120 |
| 26 |
$9,939,150 |
$3,637,816
$670,893 |
$5,630,441 |
| 27 |
$10,436,010 |
$3,821,654
$704,431 |
$5,909,925 |
| 28 |
$10,957,830 |
$4,014,727
$739,654 |
$6,203,449 |
| 29 |
$11,505,780 |
$4,217,469
$776,640 |
$6,511,671 |
| 30 |
$12,081,030 |
$4,430,311
$815,470 |
$6,835,249 |
|
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