The jackpot for the MEGA Millions draw on Tue Feb 17, 2026, is projected to be $395 Million, with an option for a cash payout of $183.3 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 Tue Feb 17, 2026 |
|---|
| Draw Date | Tue Feb 17, 2026 | | Projected Jackpot | $395,000,000 | | Cash Value | $183,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $183,300,000 | | Federal Tax(24%) | $43,992,000 | | Additional Federal Tax | $23,789,330 | | State Tax(6.75%) | $12,372,750 | | Net Lumpsum Payment | $103,145,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,945,145 |
$2,160,034
$401,297 |
$3,383,814 |
| 2 |
$6,242,580 |
$2,270,085
$421,374 |
$3,551,121 |
| 3 |
$6,554,630 |
$2,385,543
$442,438 |
$3,726,649 |
| 4 |
$6,882,480 |
$2,506,848
$464,567 |
$3,911,065 |
| 5 |
$7,226,525 |
$2,634,145
$487,790 |
$4,104,590 |
| 6 |
$7,587,950 |
$2,767,872
$512,187 |
$4,307,891 |
| 7 |
$7,967,150 |
$2,908,176
$537,783 |
$4,521,191 |
| 8 |
$8,365,705 |
$3,055,641
$564,685 |
$4,745,379 |
| 9 |
$8,784,010 |
$3,210,414
$592,921 |
$4,980,675 |
| 10 |
$9,223,250 |
$3,372,933
$622,569 |
$5,227,748 |
| 11 |
$9,684,215 |
$3,543,490
$653,685 |
$5,487,040 |
| 12 |
$10,168,485 |
$3,722,670
$686,373 |
$5,759,442 |
| 13 |
$10,676,850 |
$3,910,765
$720,687 |
$6,045,398 |
| 14 |
$11,210,890 |
$4,108,360
$756,735 |
$6,345,795 |
| 15 |
$11,771,395 |
$4,315,747
$794,569 |
$6,661,079 |
| 16 |
$12,359,945 |
$4,533,510
$834,296 |
$6,992,139 |
| 17 |
$12,977,725 |
$4,762,089
$875,996 |
$7,339,640 |
| 18 |
$13,626,710 |
$5,002,213
$919,803 |
$7,704,694 |
| 19 |
$14,308,085 |
$5,254,322
$965,796 |
$8,087,967 |
| 20 |
$15,023,430 |
$5,518,999
$1,014,082 |
$8,490,349 |
| 21 |
$15,774,720 |
$5,796,977
$1,064,794 |
$8,912,949 |
| 22 |
$16,563,535 |
$6,088,838
$1,118,039 |
$9,356,658 |
| 23 |
$17,391,455 |
$6,395,169
$1,173,923 |
$9,822,363 |
| 24 |
$18,261,245 |
$6,716,991
$1,232,634 |
$10,311,620 |
| 25 |
$19,174,090 |
$7,054,744
$1,294,251 |
$10,825,095 |
| 26 |
$20,133,150 |
$7,409,596
$1,358,988 |
$11,364,566 |
| 27 |
$21,139,610 |
$7,781,986
$1,426,924 |
$11,930,700 |
| 28 |
$22,196,630 |
$8,173,083
$1,498,273 |
$12,525,274 |
| 29 |
$23,306,580 |
$8,583,765
$1,573,194 |
$13,149,621 |
| 30 |
$24,471,830 |
$9,014,907
$1,651,849 |
$13,805,074 |
|
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