The jackpot for the MEGA Millions draw on Tue Mar 3, 2026, is projected to be $473 Million, with an option for a cash payout of $221.8 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 Mar 3, 2026 |
|---|
| Draw Date | Tue Mar 3, 2026 | | Projected Jackpot | $473,000,000 | | Cash Value | $221,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $221,800,000 | | Federal Tax(24%) | $53,232,000 | | Additional Federal Tax | $28,794,330 | | State Tax(6.75%) | $14,971,500 | | Net Lumpsum Payment | $124,802,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,119,123 |
$2,594,406
$480,541 |
$4,044,176 |
| 2 |
$7,475,292 |
$2,726,188
$504,582 |
$4,244,522 |
| 3 |
$7,848,962 |
$2,864,446
$529,805 |
$4,454,711 |
| 4 |
$8,241,552 |
$3,009,705
$556,305 |
$4,675,542 |
| 5 |
$8,653,535 |
$3,162,138
$584,114 |
$4,907,283 |
| 6 |
$9,086,330 |
$3,322,272
$613,327 |
$5,150,731 |
| 7 |
$9,540,410 |
$3,490,282
$643,978 |
$5,406,150 |
| 8 |
$10,017,667 |
$3,666,867
$676,193 |
$5,674,607 |
| 9 |
$10,518,574 |
$3,852,203
$710,004 |
$5,956,367 |
| 10 |
$11,044,550 |
$4,046,814
$745,507 |
$6,252,229 |
| 11 |
$11,596,541 |
$4,251,051
$782,767 |
$6,562,723 |
| 12 |
$12,176,439 |
$4,465,613
$821,910 |
$6,888,916 |
| 13 |
$12,785,190 |
$4,690,851
$863,000 |
$7,231,339 |
| 14 |
$13,424,686 |
$4,927,464
$906,166 |
$7,591,056 |
| 15 |
$14,095,873 |
$5,175,803
$951,471 |
$7,968,599 |
| 16 |
$14,800,643 |
$5,436,568
$999,043 |
$8,365,032 |
| 17 |
$15,540,415 |
$5,710,284
$1,048,978 |
$8,781,153 |
| 18 |
$16,317,554 |
$5,997,825
$1,101,435 |
$9,218,294 |
| 19 |
$17,133,479 |
$6,299,718
$1,156,510 |
$9,677,251 |
| 20 |
$17,990,082 |
$6,616,661
$1,214,331 |
$10,159,090 |
| 21 |
$18,889,728 |
$6,949,530
$1,275,057 |
$10,665,141 |
| 22 |
$19,834,309 |
$7,299,025
$1,338,816 |
$11,196,468 |
| 23 |
$20,825,717 |
$7,665,846
$1,405,736 |
$11,754,135 |
| 24 |
$21,867,263 |
$8,051,218
$1,476,040 |
$12,340,005 |
| 25 |
$22,960,366 |
$8,455,666
$1,549,825 |
$12,954,875 |
| 26 |
$24,108,810 |
$8,880,590
$1,627,345 |
$13,600,875 |
| 27 |
$25,314,014 |
$9,326,516
$1,708,696 |
$14,278,802 |
| 28 |
$26,579,762 |
$9,794,842
$1,794,134 |
$14,990,786 |
| 29 |
$27,908,892 |
$10,286,620
$1,883,850 |
$15,738,422 |
| 30 |
$29,304,242 |
$10,802,900
$1,978,036 |
$16,523,306 |
|
|
