The jackpot for the MEGA Millions draw on Fri Nov 6, 2026, is projected to be $505 Million, with an option for a cash payout of $213.3 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 Nov 6, 2026 |
|---|
| Draw Date | Fri Nov 6, 2026 | | Projected Jackpot | $505,000,000 | | Cash Value | $213,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $213,300,000 | | Federal Tax(24%) | $51,192,000 | | Additional Federal Tax | $27,689,330 | | State Tax(6.75%) | $14,397,750 | | Net Lumpsum Payment | $120,020,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,600,755 |
$2,772,610
$513,051 |
$4,315,094 |
| 2 |
$7,981,020 |
$2,913,308
$538,719 |
$4,528,993 |
| 3 |
$8,379,970 |
$3,060,919
$565,648 |
$4,753,403 |
| 4 |
$8,799,120 |
$3,216,005
$593,941 |
$4,989,174 |
| 5 |
$9,238,975 |
$3,378,751
$623,631 |
$5,236,593 |
| 6 |
$9,701,050 |
$3,549,719
$654,821 |
$5,496,510 |
| 7 |
$10,185,850 |
$3,729,095
$687,545 |
$5,769,210 |
| 8 |
$10,695,395 |
$3,917,627
$721,939 |
$6,055,829 |
| 9 |
$11,230,190 |
$4,115,501
$758,038 |
$6,356,651 |
| 10 |
$11,791,750 |
$4,323,278
$795,943 |
$6,672,529 |
| 11 |
$12,381,085 |
$4,541,332
$835,723 |
$7,004,030 |
| 12 |
$13,000,215 |
$4,770,410
$877,515 |
$7,352,290 |
| 13 |
$13,650,150 |
$5,010,886
$921,385 |
$7,717,879 |
| 14 |
$14,332,910 |
$5,263,507
$967,471 |
$8,101,932 |
| 15 |
$15,049,505 |
$5,528,647
$1,015,842 |
$8,505,016 |
| 16 |
$15,801,955 |
$5,807,054
$1,066,632 |
$8,928,269 |
| 17 |
$16,591,775 |
$6,099,287
$1,119,945 |
$9,372,543 |
| 18 |
$17,421,490 |
$6,406,282
$1,175,951 |
$9,839,257 |
| 19 |
$18,292,615 |
$6,728,598
$1,234,752 |
$10,329,265 |
| 20 |
$19,207,170 |
$7,066,983
$1,296,484 |
$10,843,703 |
| 21 |
$20,167,680 |
$7,422,372
$1,361,318 |
$11,383,990 |
| 22 |
$21,176,165 |
$7,795,511
$1,429,391 |
$11,951,263 |
| 23 |
$22,234,645 |
$8,187,149
$1,500,839 |
$12,546,657 |
| 24 |
$23,346,655 |
$8,598,593
$1,575,899 |
$13,172,163 |
| 25 |
$24,513,710 |
$9,030,403
$1,654,675 |
$13,828,632 |
| 26 |
$25,739,850 |
$9,484,075
$1,737,440 |
$14,518,335 |
| 27 |
$27,026,590 |
$9,960,169
$1,824,295 |
$15,242,126 |
| 28 |
$28,377,970 |
$10,460,179
$1,915,513 |
$16,002,278 |
| 29 |
$29,797,020 |
$10,985,228
$2,011,299 |
$16,800,493 |
| 30 |
$31,286,770 |
$11,536,435
$2,111,857 |
$17,638,478 |
|
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