The jackpot for the MEGA Millions draw on Tue Oct 13, 2026, is projected to be $385 Million, with an option for a cash payout of $154.8 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 Oct 13, 2026 |
|---|
| Draw Date | Tue Oct 13, 2026 | | Projected Jackpot | $385,000,000 | | Cash Value | $154,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $154,800,000 | | Federal Tax(24%) | $37,152,000 | | Additional Federal Tax | $20,084,330 | | State Tax(6.75%) | $10,449,000 | | Net Lumpsum Payment | $87,114,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,794,635 |
$2,104,345
$391,138 |
$3,299,152 |
| 2 |
$6,084,540 |
$2,211,610
$410,706 |
$3,462,224 |
| 3 |
$6,388,690 |
$2,324,146
$431,237 |
$3,633,307 |
| 4 |
$6,708,240 |
$2,442,379
$452,806 |
$3,813,055 |
| 5 |
$7,043,575 |
$2,566,453
$475,441 |
$4,001,681 |
| 6 |
$7,395,850 |
$2,696,795
$499,220 |
$4,199,835 |
| 7 |
$7,765,450 |
$2,833,547
$524,168 |
$4,407,735 |
| 8 |
$8,153,915 |
$2,977,279
$550,389 |
$4,626,247 |
| 9 |
$8,561,630 |
$3,128,133
$577,910 |
$4,855,587 |
| 10 |
$8,989,750 |
$3,286,538
$606,808 |
$5,096,404 |
| 11 |
$9,439,045 |
$3,452,777
$637,136 |
$5,349,132 |
| 12 |
$9,911,055 |
$3,627,421
$668,996 |
$5,614,638 |
| 13 |
$10,406,550 |
$3,810,754
$702,442 |
$5,893,354 |
| 14 |
$10,927,070 |
$4,003,346
$737,577 |
$6,186,147 |
| 15 |
$11,473,385 |
$4,205,483
$774,453 |
$6,493,449 |
| 16 |
$12,047,035 |
$4,417,733
$813,175 |
$6,816,127 |
| 17 |
$12,649,175 |
$4,640,525
$853,819 |
$7,154,831 |
| 18 |
$13,281,730 |
$4,874,570
$896,517 |
$7,510,643 |
| 19 |
$13,945,855 |
$5,120,297
$941,345 |
$7,884,213 |
| 20 |
$14,643,090 |
$5,378,274
$988,409 |
$8,276,407 |
| 21 |
$15,375,360 |
$5,649,214
$1,037,837 |
$8,688,309 |
| 22 |
$16,144,205 |
$5,933,686
$1,089,734 |
$9,120,785 |
| 23 |
$16,951,165 |
$6,232,261
$1,144,204 |
$9,574,700 |
| 24 |
$17,798,935 |
$6,545,936
$1,201,428 |
$10,051,571 |
| 25 |
$18,688,670 |
$6,875,138
$1,261,485 |
$10,552,047 |
| 26 |
$19,623,450 |
$7,221,007
$1,324,583 |
$11,077,860 |
| 27 |
$20,604,430 |
$7,583,969
$1,390,799 |
$11,629,662 |
| 28 |
$21,634,690 |
$7,965,166
$1,460,342 |
$12,209,182 |
| 29 |
$22,716,540 |
$8,365,450
$1,533,366 |
$12,817,724 |
| 30 |
$23,852,290 |
$8,785,678
$1,610,030 |
$13,456,582 |
|
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