The jackpot for the MEGA Millions draw on Tue Jan 20, 2026, is projected to be $250 Million, with an option for a cash payout of $113.5 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 Jan 20, 2026 |
|---|
| Draw Date | Tue Jan 20, 2026 | | Projected Jackpot | $250,000,000 | | Cash Value | $113,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $113,500,000 | | Federal Tax(24%) | $27,240,000 | | Additional Federal Tax | $14,715,330 | | State Tax(6.75%) | $7,661,250 | | Net Lumpsum Payment | $63,883,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,762,750 |
$1,352,548
$253,986 |
$2,156,216 |
| 2 |
$3,951,000 |
$1,422,200
$266,693 |
$2,262,107 |
| 3 |
$4,148,500 |
$1,495,275
$280,024 |
$2,373,201 |
| 4 |
$4,356,000 |
$1,572,050
$294,030 |
$2,489,920 |
| 5 |
$4,573,750 |
$1,652,618
$308,728 |
$2,612,404 |
| 6 |
$4,802,500 |
$1,737,255
$324,169 |
$2,741,076 |
| 7 |
$5,042,500 |
$1,826,055
$340,369 |
$2,876,076 |
| 8 |
$5,294,750 |
$1,919,388
$357,396 |
$3,017,966 |
| 9 |
$5,559,500 |
$2,017,345
$375,266 |
$3,166,889 |
| 10 |
$5,837,500 |
$2,120,205
$394,031 |
$3,323,264 |
| 11 |
$6,129,250 |
$2,228,153
$413,724 |
$3,487,373 |
| 12 |
$6,435,750 |
$2,341,558
$434,413 |
$3,659,779 |
| 13 |
$6,757,500 |
$2,460,605
$456,131 |
$3,840,764 |
| 14 |
$7,095,500 |
$2,585,665
$478,946 |
$4,030,889 |
| 15 |
$7,450,250 |
$2,716,923
$502,892 |
$4,230,435 |
| 16 |
$7,822,750 |
$2,854,748
$528,036 |
$4,439,966 |
| 17 |
$8,213,750 |
$2,999,418
$554,428 |
$4,659,904 |
| 18 |
$8,624,500 |
$3,151,395
$582,154 |
$4,890,951 |
| 19 |
$9,055,750 |
$3,310,958
$611,263 |
$5,133,529 |
| 20 |
$9,508,500 |
$3,478,475
$641,824 |
$5,388,201 |
| 21 |
$9,984,000 |
$3,654,410
$673,920 |
$5,655,670 |
| 22 |
$10,483,250 |
$3,839,133
$707,619 |
$5,936,498 |
| 23 |
$11,007,250 |
$4,033,013
$742,989 |
$6,231,248 |
| 24 |
$11,557,750 |
$4,236,698
$780,148 |
$6,540,904 |
| 25 |
$12,135,500 |
$4,450,465
$819,146 |
$6,865,889 |
| 26 |
$12,742,500 |
$4,675,055
$860,119 |
$7,207,326 |
| 27 |
$13,379,500 |
$4,910,745
$903,116 |
$7,565,639 |
| 28 |
$14,048,500 |
$5,158,275
$948,274 |
$7,941,951 |
| 29 |
$14,751,000 |
$5,418,200
$995,693 |
$8,337,107 |
| 30 |
$15,488,500 |
$5,691,075
$1,045,474 |
$8,751,951 |
|
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