The jackpot for the MEGA Millions draw on Fri Jun 26, 2026, is projected to be $489 Million, with an option for a cash payout of $220.9 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 Jun 26, 2026 |
|---|
| Draw Date | Fri Jun 26, 2026 | | Projected Jackpot | $489,000,000 | | Cash Value | $220,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,900,000 | | Federal Tax(24%) | $53,016,000 | | Additional Federal Tax | $28,677,330 | | State Tax(6.75%) | $14,910,750 | | Net Lumpsum Payment | $124,295,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,359,939 |
$2,683,508
$496,796 |
$4,179,635 |
| 2 |
$7,728,156 |
$2,819,748
$521,651 |
$4,386,757 |
| 3 |
$8,114,466 |
$2,962,683
$547,726 |
$4,604,057 |
| 4 |
$8,520,336 |
$3,112,855
$575,123 |
$4,832,358 |
| 5 |
$8,946,255 |
$3,270,445
$603,872 |
$5,071,938 |
| 6 |
$9,393,690 |
$3,435,996
$634,074 |
$5,323,620 |
| 7 |
$9,863,130 |
$3,609,688
$665,761 |
$5,587,681 |
| 8 |
$10,356,531 |
$3,792,247
$699,066 |
$5,865,218 |
| 9 |
$10,874,382 |
$3,983,852
$734,021 |
$6,156,509 |
| 10 |
$11,418,150 |
$4,185,046
$770,725 |
$6,462,379 |
| 11 |
$11,988,813 |
$4,396,191
$809,245 |
$6,783,377 |
| 12 |
$12,588,327 |
$4,618,011
$849,712 |
$7,120,604 |
| 13 |
$13,217,670 |
$4,850,868
$892,193 |
$7,474,609 |
| 14 |
$13,878,798 |
$5,095,486
$936,819 |
$7,846,493 |
| 15 |
$14,572,689 |
$5,352,225
$983,657 |
$8,236,807 |
| 16 |
$15,301,299 |
$5,621,811
$1,032,838 |
$8,646,650 |
| 17 |
$16,066,095 |
$5,904,786
$1,084,461 |
$9,076,848 |
| 18 |
$16,869,522 |
$6,202,054
$1,138,693 |
$9,528,775 |
| 19 |
$17,713,047 |
$6,514,158
$1,195,631 |
$10,003,258 |
| 20 |
$18,598,626 |
$6,841,822
$1,255,407 |
$10,501,397 |
| 21 |
$19,528,704 |
$7,185,951
$1,318,188 |
$11,024,565 |
| 22 |
$20,505,237 |
$7,547,268
$1,384,103 |
$11,573,866 |
| 23 |
$21,530,181 |
$7,926,497
$1,453,287 |
$12,150,397 |
| 24 |
$22,606,959 |
$8,324,905
$1,525,970 |
$12,756,084 |
| 25 |
$23,737,038 |
$8,743,034
$1,602,250 |
$13,391,754 |
| 26 |
$24,924,330 |
$9,182,332
$1,682,392 |
$14,059,606 |
| 27 |
$26,170,302 |
$9,643,342
$1,766,495 |
$14,760,465 |
| 28 |
$27,478,866 |
$10,127,511
$1,854,823 |
$15,496,532 |
| 29 |
$28,852,956 |
$10,635,924
$1,947,575 |
$16,269,457 |
| 30 |
$30,295,506 |
$11,169,668
$2,044,947 |
$17,080,891 |
|
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