The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 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 Fri May 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(6.75%) | $7,580,250 | | Net Lumpsum Payment | $63,208,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$255,002 |
$2,164,682 |
| 2 |
$3,966,804 |
$1,428,048
$267,759 |
$2,270,997 |
| 3 |
$4,165,094 |
$1,501,415
$281,144 |
$2,382,535 |
| 4 |
$4,373,424 |
$1,578,497
$295,206 |
$2,499,721 |
| 5 |
$4,592,045 |
$1,659,387
$309,963 |
$2,622,695 |
| 6 |
$4,821,710 |
$1,744,363
$325,465 |
$2,751,882 |
| 7 |
$5,062,670 |
$1,833,518
$341,730 |
$2,887,422 |
| 8 |
$5,315,929 |
$1,927,224
$358,825 |
$3,029,880 |
| 9 |
$5,581,738 |
$2,025,573
$376,767 |
$3,179,398 |
| 10 |
$5,860,850 |
$2,128,845
$395,607 |
$3,336,398 |
| 11 |
$6,153,767 |
$2,237,224
$415,379 |
$3,501,164 |
| 12 |
$6,461,493 |
$2,351,083
$436,151 |
$3,674,259 |
| 13 |
$6,784,530 |
$2,470,606
$457,956 |
$3,855,968 |
| 14 |
$7,123,882 |
$2,596,167
$480,862 |
$4,046,853 |
| 15 |
$7,480,051 |
$2,727,949
$504,903 |
$4,247,199 |
| 16 |
$7,854,041 |
$2,866,326
$530,148 |
$4,457,567 |
| 17 |
$8,246,605 |
$3,011,574
$556,646 |
$4,678,385 |
| 18 |
$8,658,998 |
$3,164,160
$584,482 |
$4,910,356 |
| 19 |
$9,091,973 |
$3,324,360
$613,708 |
$5,153,905 |
| 20 |
$9,546,534 |
$3,492,548
$644,391 |
$5,409,595 |
| 21 |
$10,023,936 |
$3,669,187
$676,616 |
$5,678,133 |
| 22 |
$10,525,183 |
$3,854,648
$710,450 |
$5,960,085 |
| 23 |
$11,051,279 |
$4,049,304
$745,961 |
$6,256,014 |
| 24 |
$11,603,981 |
$4,253,803
$783,269 |
$6,566,909 |
| 25 |
$12,184,042 |
$4,468,426
$822,423 |
$6,893,193 |
| 26 |
$12,793,470 |
$4,693,914
$863,559 |
$7,235,997 |
| 27 |
$13,433,018 |
$4,930,547
$906,729 |
$7,595,742 |
| 28 |
$14,104,694 |
$5,179,067
$952,067 |
$7,973,560 |
| 29 |
$14,810,004 |
$5,440,032
$999,675 |
$8,370,297 |
| 30 |
$15,550,454 |
$5,713,998
$1,049,656 |
$8,786,800 |
|
|
