The jackpot for the MEGA Millions draw on Tue Sep 15, 2026, is projected to be $227 Million, with an option for a cash payout of $96.3 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 Sep 15, 2026 |
|---|
| Draw Date | Tue Sep 15, 2026 | | Projected Jackpot | $227,000,000 | | Cash Value | $96,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $96,300,000 | | Federal Tax(24%) | $23,112,000 | | Additional Federal Tax | $12,479,330 | | State Tax(6.75%) | $6,500,250 | | Net Lumpsum Payment | $54,208,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,416,577 |
$1,224,464
$230,619 |
$1,961,494 |
| 2 |
$3,587,508 |
$1,287,708
$242,157 |
$2,057,643 |
| 3 |
$3,766,838 |
$1,354,060
$254,262 |
$2,158,516 |
| 4 |
$3,955,248 |
$1,423,772
$266,979 |
$2,264,497 |
| 5 |
$4,152,965 |
$1,496,927
$280,325 |
$2,375,713 |
| 6 |
$4,360,670 |
$1,573,778
$294,345 |
$2,492,547 |
| 7 |
$4,578,590 |
$1,654,409
$309,055 |
$2,615,126 |
| 8 |
$4,807,633 |
$1,739,155
$324,515 |
$2,743,963 |
| 9 |
$5,048,026 |
$1,828,100
$340,742 |
$2,879,184 |
| 10 |
$5,300,450 |
$1,921,497
$357,780 |
$3,021,173 |
| 11 |
$5,565,359 |
$2,019,513
$375,662 |
$3,170,184 |
| 12 |
$5,843,661 |
$2,122,485
$394,447 |
$3,326,729 |
| 13 |
$6,135,810 |
$2,230,580
$414,167 |
$3,491,063 |
| 14 |
$6,442,714 |
$2,344,135
$434,883 |
$3,663,696 |
| 15 |
$6,764,827 |
$2,463,316
$456,626 |
$3,844,885 |
| 16 |
$7,103,057 |
$2,588,461
$479,456 |
$4,035,140 |
| 17 |
$7,458,085 |
$2,719,822
$503,421 |
$4,234,842 |
| 18 |
$7,831,046 |
$2,857,817
$528,596 |
$4,444,633 |
| 19 |
$8,222,621 |
$3,002,700
$555,027 |
$4,664,894 |
| 20 |
$8,633,718 |
$3,154,806
$582,776 |
$4,896,136 |
| 21 |
$9,065,472 |
$3,314,555
$611,919 |
$5,138,998 |
| 22 |
$9,518,791 |
$3,482,283
$642,518 |
$5,393,990 |
| 23 |
$9,994,583 |
$3,658,326
$674,634 |
$5,661,623 |
| 24 |
$10,494,437 |
$3,843,272
$708,374 |
$5,942,791 |
| 25 |
$11,019,034 |
$4,037,373
$743,785 |
$6,237,876 |
| 26 |
$11,570,190 |
$4,241,301
$780,988 |
$6,547,901 |
| 27 |
$12,148,586 |
$4,455,307
$820,030 |
$6,873,249 |
| 28 |
$12,756,038 |
$4,680,064
$861,033 |
$7,214,941 |
| 29 |
$13,393,908 |
$4,916,076
$904,089 |
$7,573,743 |
| 30 |
$14,063,558 |
$5,163,847
$949,290 |
$7,950,421 |
|
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