The jackpot for the MEGA Millions draw on Tue Jan 13, 2026, is projected to be $215 Million, with an option for a cash payout of $98.3 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 Jan 13, 2026 |
|---|
| Draw Date | Tue Jan 13, 2026 | | Projected Jackpot | $215,000,000 | | Cash Value | $98,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $98,300,000 | | Federal Tax(24%) | $23,592,000 | | Additional Federal Tax | $12,739,330 | | State Tax(6.75%) | $6,635,250 | | Net Lumpsum Payment | $55,333,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,235,965 |
$1,157,637
$218,428 |
$1,859,900 |
| 2 |
$3,397,860 |
$1,217,539
$229,356 |
$1,950,965 |
| 3 |
$3,567,710 |
$1,280,383
$240,820 |
$2,046,507 |
| 4 |
$3,746,160 |
$1,346,410
$252,866 |
$2,146,884 |
| 5 |
$3,933,425 |
$1,415,698
$265,506 |
$2,252,221 |
| 6 |
$4,130,150 |
$1,488,486
$278,785 |
$2,362,879 |
| 7 |
$4,336,550 |
$1,564,854
$292,717 |
$2,478,979 |
| 8 |
$4,553,485 |
$1,645,120
$307,360 |
$2,601,005 |
| 9 |
$4,781,170 |
$1,729,363
$322,729 |
$2,729,078 |
| 10 |
$5,020,250 |
$1,817,823
$338,867 |
$2,863,560 |
| 11 |
$5,271,155 |
$1,910,658
$355,803 |
$3,004,694 |
| 12 |
$5,534,745 |
$2,008,186
$373,595 |
$3,152,964 |
| 13 |
$5,811,450 |
$2,110,567
$392,273 |
$3,308,610 |
| 14 |
$6,102,130 |
$2,218,118
$411,894 |
$3,472,118 |
| 15 |
$6,407,215 |
$2,331,000
$432,487 |
$3,643,728 |
| 16 |
$6,727,565 |
$2,449,529
$454,111 |
$3,823,925 |
| 17 |
$7,063,825 |
$2,573,946
$476,808 |
$4,013,071 |
| 18 |
$7,417,070 |
$2,704,646
$500,652 |
$4,211,772 |
| 19 |
$7,787,945 |
$2,841,870
$525,686 |
$4,420,389 |
| 20 |
$8,177,310 |
$2,985,935
$551,968 |
$4,639,407 |
| 21 |
$8,586,240 |
$3,137,239
$579,571 |
$4,869,430 |
| 22 |
$9,015,595 |
$3,296,101
$608,553 |
$5,110,941 |
| 23 |
$9,466,235 |
$3,462,837
$638,971 |
$5,364,427 |
| 24 |
$9,939,665 |
$3,638,006
$670,927 |
$5,630,732 |
| 25 |
$10,436,530 |
$3,821,846
$704,466 |
$5,910,218 |
| 26 |
$10,958,550 |
$4,014,994
$739,702 |
$6,203,854 |
| 27 |
$11,506,370 |
$4,217,687
$776,680 |
$6,512,003 |
| 28 |
$12,081,710 |
$4,430,563
$815,515 |
$6,835,632 |
| 29 |
$12,685,860 |
$4,654,099
$856,296 |
$7,175,465 |
| 30 |
$13,320,110 |
$4,888,771
$899,107 |
$7,532,232 |
|
|
