The jackpot for the MEGA Millions draw on Fri Jul 17, 2026, is projected to be $672 Million, with an option for a cash payout of $293.3 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 Jul 17, 2026 |
|---|
| Draw Date | Fri Jul 17, 2026 | | Projected Jackpot | $672,000,000 | | Cash Value | $293,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $293,300,000 | | Federal Tax(24%) | $70,392,000 | | Additional Federal Tax | $38,089,330 | | State Tax(6.75%) | $19,797,750 | | Net Lumpsum Payment | $165,020,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,114,272 |
$3,702,611
$682,713 |
$5,728,948 |
| 2 |
$10,620,288 |
$3,889,837
$716,869 |
$6,013,582 |
| 3 |
$11,151,168 |
$4,086,263
$752,704 |
$6,312,201 |
| 4 |
$11,708,928 |
$4,292,634
$790,353 |
$6,625,941 |
| 5 |
$12,294,240 |
$4,509,199
$829,861 |
$6,955,180 |
| 6 |
$12,909,120 |
$4,736,705
$871,366 |
$7,301,049 |
| 7 |
$13,554,240 |
$4,975,399
$914,911 |
$7,663,930 |
| 8 |
$14,232,288 |
$5,226,277
$960,679 |
$8,045,332 |
| 9 |
$14,943,936 |
$5,489,587
$1,008,716 |
$8,445,633 |
| 10 |
$15,691,200 |
$5,766,074
$1,059,156 |
$8,865,970 |
| 11 |
$16,475,424 |
$6,056,237
$1,112,091 |
$9,307,096 |
| 12 |
$17,299,296 |
$6,361,070
$1,167,702 |
$9,770,524 |
| 13 |
$18,164,160 |
$6,681,070
$1,226,081 |
$10,257,009 |
| 14 |
$19,072,704 |
$7,017,231
$1,287,408 |
$10,768,065 |
| 15 |
$20,026,272 |
$7,370,051
$1,351,773 |
$11,304,448 |
| 16 |
$21,027,552 |
$7,740,525
$1,419,360 |
$11,867,667 |
| 17 |
$22,078,560 |
$8,129,398
$1,490,303 |
$12,458,859 |
| 18 |
$23,182,656 |
$8,537,913
$1,564,829 |
$13,079,914 |
| 19 |
$24,341,856 |
$8,966,817
$1,643,075 |
$13,731,964 |
| 20 |
$25,558,848 |
$9,417,104
$1,725,222 |
$14,416,522 |
| 21 |
$26,836,992 |
$9,890,017
$1,811,497 |
$15,135,478 |
| 22 |
$28,178,976 |
$10,386,552
$1,902,081 |
$15,890,343 |
| 23 |
$29,587,488 |
$10,907,701
$1,997,155 |
$16,682,632 |
| 24 |
$31,067,232 |
$11,455,206
$2,097,038 |
$17,514,988 |
| 25 |
$32,620,224 |
$12,029,813
$2,201,865 |
$18,388,546 |
| 26 |
$34,251,840 |
$12,633,511
$2,311,999 |
$19,306,330 |
| 27 |
$35,964,096 |
$13,267,046
$2,427,576 |
$20,269,474 |
| 28 |
$37,762,368 |
$13,932,407
$2,548,960 |
$21,281,001 |
| 29 |
$39,650,688 |
$14,631,085
$2,676,421 |
$22,343,182 |
| 30 |
$41,633,088 |
$15,364,573
$2,810,233 |
$23,458,282 |
|
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