The jackpot for the MEGA Millions draw on Tue Jan 27, 2026, is projected to be $285 Million, with an option for a cash payout of $128.6 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 27, 2026 |
|---|
| Draw Date | Tue Jan 27, 2026 | | Projected Jackpot | $285,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(6.75%) | $8,680,500 | | Net Lumpsum Payment | $72,377,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,289,535 |
$1,547,458
$289,544 |
$2,452,533 |
| 2 |
$4,504,140 |
$1,626,862
$304,029 |
$2,573,249 |
| 3 |
$4,729,290 |
$1,710,168
$319,227 |
$2,699,895 |
| 4 |
$4,965,840 |
$1,797,691
$335,194 |
$2,832,955 |
| 5 |
$5,214,075 |
$1,889,538
$351,950 |
$2,972,587 |
| 6 |
$5,474,850 |
$1,986,025
$369,552 |
$3,119,273 |
| 7 |
$5,748,450 |
$2,087,257
$388,020 |
$3,273,173 |
| 8 |
$6,036,015 |
$2,193,656
$407,431 |
$3,434,928 |
| 9 |
$6,337,830 |
$2,305,327
$427,804 |
$3,604,699 |
| 10 |
$6,654,750 |
$2,422,588
$449,196 |
$3,782,966 |
| 11 |
$6,987,345 |
$2,545,648
$471,646 |
$3,970,051 |
| 12 |
$7,336,755 |
$2,674,930
$495,231 |
$4,166,594 |
| 13 |
$7,703,550 |
$2,810,644
$519,990 |
$4,372,916 |
| 14 |
$8,088,870 |
$2,953,212
$545,999 |
$4,589,659 |
| 15 |
$8,493,285 |
$3,102,846
$573,297 |
$4,817,142 |
| 16 |
$8,917,935 |
$3,259,966
$601,961 |
$5,056,008 |
| 17 |
$9,363,675 |
$3,424,890
$632,048 |
$5,306,737 |
| 18 |
$9,831,930 |
$3,598,144
$663,655 |
$5,570,131 |
| 19 |
$10,323,555 |
$3,780,046
$696,840 |
$5,846,669 |
| 20 |
$10,839,690 |
$3,971,016
$731,679 |
$6,136,995 |
| 21 |
$11,381,760 |
$4,171,582
$768,269 |
$6,441,909 |
| 22 |
$11,950,905 |
$4,382,165
$806,686 |
$6,762,054 |
| 23 |
$12,548,265 |
$4,603,188
$847,008 |
$7,098,069 |
| 24 |
$13,175,835 |
$4,835,389
$889,369 |
$7,451,077 |
| 25 |
$13,834,470 |
$5,079,084
$933,827 |
$7,821,559 |
| 26 |
$14,526,450 |
$5,335,117
$980,535 |
$8,210,798 |
| 27 |
$15,252,630 |
$5,603,803
$1,029,553 |
$8,619,274 |
| 28 |
$16,015,290 |
$5,885,988
$1,081,032 |
$9,048,270 |
| 29 |
$16,816,140 |
$6,182,302
$1,135,089 |
$9,498,749 |
| 30 |
$17,656,890 |
$6,493,380
$1,191,840 |
$9,971,670 |
|
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