The jackpot for the MEGA Millions draw on Tue Feb 3, 2026, is projected to be $323 Million, with an option for a cash payout of $145.7 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 Feb 3, 2026 |
|---|
| Draw Date | Tue Feb 3, 2026 | | Projected Jackpot | $323,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(6.75%) | $9,834,750 | | Net Lumpsum Payment | $81,995,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,861,473 |
$1,759,075
$328,149 |
$2,774,249 |
| 2 |
$5,104,692 |
$1,849,066
$344,567 |
$2,911,059 |
| 3 |
$5,359,862 |
$1,943,479
$361,791 |
$3,054,592 |
| 4 |
$5,627,952 |
$2,042,673
$379,887 |
$3,205,392 |
| 5 |
$5,909,285 |
$2,146,766
$398,877 |
$3,363,642 |
| 6 |
$6,204,830 |
$2,256,117
$418,826 |
$3,529,887 |
| 7 |
$6,514,910 |
$2,370,847
$439,756 |
$3,704,307 |
| 8 |
$6,840,817 |
$2,491,433
$461,755 |
$3,887,629 |
| 9 |
$7,182,874 |
$2,617,994
$484,844 |
$4,080,036 |
| 10 |
$7,542,050 |
$2,750,889
$509,088 |
$4,282,073 |
| 11 |
$7,918,991 |
$2,890,357
$534,532 |
$4,494,102 |
| 12 |
$8,314,989 |
$3,036,876
$561,262 |
$4,716,851 |
| 13 |
$8,730,690 |
$3,190,686
$589,322 |
$4,950,682 |
| 14 |
$9,167,386 |
$3,352,263
$618,799 |
$5,196,324 |
| 15 |
$9,625,723 |
$3,521,848
$649,736 |
$5,454,139 |
| 16 |
$10,106,993 |
$3,699,918
$682,222 |
$5,724,853 |
| 17 |
$10,612,165 |
$3,886,831
$716,321 |
$6,009,013 |
| 18 |
$11,142,854 |
$4,083,186
$752,143 |
$6,307,525 |
| 19 |
$11,700,029 |
$4,289,341
$789,752 |
$6,620,936 |
| 20 |
$12,284,982 |
$4,505,774
$829,236 |
$6,949,972 |
| 21 |
$12,899,328 |
$4,733,082
$870,705 |
$7,295,541 |
| 22 |
$13,544,359 |
$4,971,743
$914,244 |
$7,658,372 |
| 23 |
$14,221,367 |
$5,222,236
$959,942 |
$8,039,189 |
| 24 |
$14,932,613 |
$5,485,397
$1,007,951 |
$8,439,265 |
| 25 |
$15,679,066 |
$5,761,585
$1,058,337 |
$8,859,144 |
| 26 |
$16,463,310 |
$6,051,755
$1,111,273 |
$9,300,282 |
| 27 |
$17,286,314 |
$6,356,267
$1,166,826 |
$9,763,221 |
| 28 |
$18,150,662 |
$6,676,075
$1,225,170 |
$10,249,417 |
| 29 |
$19,058,292 |
$7,011,898
$1,286,435 |
$10,759,959 |
| 30 |
$20,011,142 |
$7,364,453
$1,350,752 |
$11,295,937 |
|
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