The jackpot for the MEGA Millions draw on Tue Sep 8, 2026, is projected to be $193 Million, with an option for a cash payout of $82.8 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 Sep 8, 2026 |
|---|
| Draw Date | Tue Sep 8, 2026 | | Projected Jackpot | $193,000,000 | | Cash Value | $82,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,800,000 | | Federal Tax(24%) | $19,872,000 | | Additional Federal Tax | $10,724,330 | | State Tax(6.75%) | $5,589,000 | | Net Lumpsum Payment | $46,614,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,904,843 |
$1,035,122
$196,077 |
$1,673,644 |
| 2 |
$3,050,172 |
$1,088,894
$205,887 |
$1,755,391 |
| 3 |
$3,202,642 |
$1,145,308
$216,178 |
$1,841,156 |
| 4 |
$3,362,832 |
$1,204,578
$226,991 |
$1,931,263 |
| 5 |
$3,530,935 |
$1,266,776
$238,338 |
$2,025,821 |
| 6 |
$3,707,530 |
$1,332,116
$250,258 |
$2,125,156 |
| 7 |
$3,892,810 |
$1,400,670
$262,765 |
$2,229,375 |
| 8 |
$4,087,547 |
$1,472,723
$275,909 |
$2,338,915 |
| 9 |
$4,291,934 |
$1,548,346
$289,706 |
$2,453,882 |
| 10 |
$4,506,550 |
$1,627,754
$304,192 |
$2,574,604 |
| 11 |
$4,731,781 |
$1,711,089
$319,395 |
$2,701,297 |
| 12 |
$4,968,399 |
$1,798,638
$335,367 |
$2,834,394 |
| 13 |
$5,216,790 |
$1,890,543
$352,133 |
$2,974,114 |
| 14 |
$5,477,726 |
$1,987,089
$369,747 |
$3,120,890 |
| 15 |
$5,751,593 |
$2,088,420
$388,233 |
$3,274,940 |
| 16 |
$6,039,163 |
$2,194,821
$407,644 |
$3,436,698 |
| 17 |
$6,341,015 |
$2,306,506
$428,019 |
$3,606,490 |
| 18 |
$6,658,114 |
$2,423,833
$449,423 |
$3,784,858 |
| 19 |
$6,991,039 |
$2,547,015
$471,895 |
$3,972,129 |
| 20 |
$7,340,562 |
$2,676,338
$495,488 |
$4,168,736 |
| 21 |
$7,707,648 |
$2,812,160
$520,266 |
$4,375,222 |
| 22 |
$8,093,069 |
$2,954,766
$546,282 |
$4,592,021 |
| 23 |
$8,497,597 |
$3,104,441
$573,588 |
$4,819,568 |
| 24 |
$8,922,583 |
$3,261,686
$602,274 |
$5,058,623 |
| 25 |
$9,368,606 |
$3,426,715
$632,381 |
$5,309,510 |
| 26 |
$9,837,210 |
$3,600,098
$664,012 |
$5,573,100 |
| 27 |
$10,328,974 |
$3,782,051
$697,206 |
$5,849,717 |
| 28 |
$10,845,442 |
$3,973,144
$732,067 |
$6,140,231 |
| 29 |
$11,387,772 |
$4,173,806
$768,675 |
$6,445,291 |
| 30 |
$11,957,122 |
$4,384,466
$807,106 |
$6,765,550 |
|
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