The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 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 Fri Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(6.75%) | $11,043,000 | | Net Lumpsum Payment | $92,064,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$373,867 |
$3,155,226 |
| 2 |
$5,815,872 |
$2,112,203
$392,571 |
$3,311,098 |
| 3 |
$6,106,592 |
$2,219,769
$412,195 |
$3,474,628 |
| 4 |
$6,412,032 |
$2,332,782
$432,812 |
$3,646,438 |
| 5 |
$6,732,560 |
$2,451,378
$454,448 |
$3,826,734 |
| 6 |
$7,069,280 |
$2,575,964
$477,176 |
$4,016,140 |
| 7 |
$7,422,560 |
$2,706,678
$501,023 |
$4,214,859 |
| 8 |
$7,793,872 |
$2,844,063
$526,086 |
$4,423,723 |
| 9 |
$8,183,584 |
$2,988,256
$552,392 |
$4,642,936 |
| 10 |
$8,592,800 |
$3,139,666
$580,014 |
$4,873,120 |
| 11 |
$9,022,256 |
$3,298,565
$609,002 |
$5,114,689 |
| 12 |
$9,473,424 |
$3,465,497
$639,456 |
$5,368,471 |
| 13 |
$9,947,040 |
$3,640,735
$671,425 |
$5,634,880 |
| 14 |
$10,444,576 |
$3,824,824
$705,009 |
$5,914,743 |
| 15 |
$10,966,768 |
$4,018,035
$740,257 |
$6,208,476 |
| 16 |
$11,515,088 |
$4,220,913
$777,268 |
$6,516,907 |
| 17 |
$12,090,640 |
$4,433,867
$816,118 |
$6,840,655 |
| 18 |
$12,695,264 |
$4,657,578
$856,930 |
$7,180,756 |
| 19 |
$13,330,064 |
$4,892,454
$899,779 |
$7,537,831 |
| 20 |
$13,996,512 |
$5,139,040
$944,765 |
$7,912,707 |
| 21 |
$14,696,448 |
$5,398,016
$992,010 |
$8,306,422 |
| 22 |
$15,431,344 |
$5,669,928
$1,041,616 |
$8,719,800 |
| 23 |
$16,202,672 |
$5,955,319
$1,093,680 |
$9,153,673 |
| 24 |
$17,013,008 |
$6,255,143
$1,148,378 |
$9,609,487 |
| 25 |
$17,863,456 |
$6,569,809
$1,205,783 |
$10,087,864 |
| 26 |
$18,756,960 |
$6,900,406
$1,266,095 |
$10,590,459 |
| 27 |
$19,694,624 |
$7,247,341
$1,329,387 |
$11,117,896 |
| 28 |
$20,679,392 |
$7,611,705
$1,395,859 |
$11,671,828 |
| 29 |
$21,713,472 |
$7,994,315
$1,465,659 |
$12,253,498 |
| 30 |
$22,799,072 |
$8,395,987
$1,538,937 |
$12,864,148 |
|
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