The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 Jun 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(6.75%) | $15,592,500 | | Net Lumpsum Payment | $129,977,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$519,147 |
$4,365,891 |
| 2 |
$8,075,844 |
$2,948,393
$545,119 |
$4,582,332 |
| 3 |
$8,479,534 |
$3,097,758
$572,369 |
$4,809,407 |
| 4 |
$8,903,664 |
$3,254,686
$600,997 |
$5,047,981 |
| 5 |
$9,348,745 |
$3,419,366
$631,040 |
$5,298,339 |
| 6 |
$9,816,310 |
$3,592,365
$662,601 |
$5,561,344 |
| 7 |
$10,306,870 |
$3,773,872
$695,714 |
$5,837,284 |
| 8 |
$10,822,469 |
$3,964,644
$730,517 |
$6,127,308 |
| 9 |
$11,363,618 |
$4,164,869
$767,044 |
$6,431,705 |
| 10 |
$11,931,850 |
$4,375,115
$805,400 |
$6,751,335 |
| 11 |
$12,528,187 |
$4,595,760
$845,653 |
$7,086,774 |
| 12 |
$13,154,673 |
$4,827,559
$887,940 |
$7,439,174 |
| 13 |
$13,812,330 |
$5,070,892
$932,332 |
$7,809,106 |
| 14 |
$14,503,202 |
$5,326,515
$978,966 |
$8,197,721 |
| 15 |
$15,228,311 |
$5,594,805
$1,027,911 |
$8,605,595 |
| 16 |
$15,989,701 |
$5,876,520
$1,079,305 |
$9,033,876 |
| 17 |
$16,788,905 |
$6,172,225
$1,133,251 |
$9,483,429 |
| 18 |
$17,628,478 |
$6,482,867
$1,189,922 |
$9,955,689 |
| 19 |
$18,509,953 |
$6,809,013
$1,249,422 |
$10,451,518 |
| 20 |
$19,435,374 |
$7,151,419
$1,311,888 |
$10,972,067 |
| 21 |
$20,407,296 |
$7,511,030
$1,377,492 |
$11,518,774 |
| 22 |
$21,427,763 |
$7,888,603
$1,446,374 |
$12,092,786 |
| 23 |
$22,498,819 |
$8,284,893
$1,518,670 |
$12,695,256 |
| 24 |
$23,624,041 |
$8,701,226
$1,594,623 |
$13,328,192 |
| 25 |
$24,804,962 |
$9,138,166
$1,674,335 |
$13,992,461 |
| 26 |
$26,045,670 |
$9,597,228
$1,758,083 |
$14,690,359 |
| 27 |
$27,347,698 |
$10,078,979
$1,845,970 |
$15,422,749 |
| 28 |
$28,715,134 |
$10,584,930
$1,938,272 |
$16,191,932 |
| 29 |
$30,151,044 |
$11,116,217
$2,035,195 |
$16,999,632 |
| 30 |
$31,658,494 |
$11,673,973
$2,136,948 |
$17,847,573 |
|
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