The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 Feb 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(6.75%) | $13,709,250 | | Net Lumpsum Payment | $114,283,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$444,983 |
$3,747,860 |
| 2 |
$6,922,152 |
$2,521,527
$467,245 |
$3,933,380 |
| 3 |
$7,268,172 |
$2,649,554
$490,602 |
$4,128,016 |
| 4 |
$7,631,712 |
$2,784,064
$515,141 |
$4,332,507 |
| 5 |
$8,013,210 |
$2,925,218
$540,892 |
$4,547,100 |
| 6 |
$8,413,980 |
$3,073,503
$567,944 |
$4,772,533 |
| 7 |
$8,834,460 |
$3,229,081
$596,326 |
$5,009,053 |
| 8 |
$9,276,402 |
$3,392,599
$626,157 |
$5,257,646 |
| 9 |
$9,740,244 |
$3,564,221
$657,466 |
$5,518,557 |
| 10 |
$10,227,300 |
$3,744,431
$690,343 |
$5,792,526 |
| 11 |
$10,738,446 |
$3,933,555
$724,845 |
$6,080,046 |
| 12 |
$11,275,434 |
$4,132,241
$761,092 |
$6,382,101 |
| 13 |
$11,839,140 |
$4,340,812
$799,142 |
$6,699,186 |
| 14 |
$12,431,316 |
$4,559,917
$839,114 |
$7,032,285 |
| 15 |
$13,052,838 |
$4,789,880
$881,067 |
$7,381,891 |
| 16 |
$13,705,458 |
$5,031,350
$925,118 |
$7,748,990 |
| 17 |
$14,390,490 |
$5,284,812
$971,358 |
$8,134,320 |
| 18 |
$15,110,124 |
$5,551,076
$1,019,933 |
$8,539,115 |
| 19 |
$15,865,674 |
$5,830,630
$1,070,933 |
$8,964,111 |
| 20 |
$16,658,892 |
$6,124,120
$1,124,475 |
$9,410,297 |
| 21 |
$17,491,968 |
$6,432,359
$1,180,708 |
$9,878,901 |
| 22 |
$18,366,654 |
$6,755,992
$1,239,749 |
$10,370,913 |
| 23 |
$19,284,702 |
$7,095,670
$1,301,717 |
$10,887,315 |
| 24 |
$20,249,178 |
$7,452,526
$1,366,820 |
$11,429,832 |
| 25 |
$21,261,396 |
$7,827,047
$1,435,144 |
$11,999,205 |
| 26 |
$22,324,860 |
$8,220,529
$1,506,928 |
$12,597,403 |
| 27 |
$23,440,884 |
$8,633,457
$1,582,260 |
$13,225,167 |
| 28 |
$24,612,972 |
$9,067,130
$1,661,376 |
$13,884,466 |
| 29 |
$25,843,752 |
$9,522,519
$1,744,453 |
$14,576,780 |
| 30 |
$27,135,852 |
$10,000,596
$1,831,670 |
$15,303,586 |
|
|
