The jackpot for the MEGA Millions draw on Fri Jul 3, 2026, is projected to be $542 Million, with an option for a cash payout of $242 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 Fri Jul 3, 2026 |
|---|
| Draw Date | Fri Jul 3, 2026 | | Projected Jackpot | $542,000,000 | | Cash Value | $242,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $242,000,000 | | Federal Tax(24%) | $58,080,000 | | Additional Federal Tax | $31,420,330 | | State Tax(6.75%) | $16,335,000 | | Net Lumpsum Payment | $136,164,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,157,642 |
$2,978,658
$550,641 |
$4,628,343 |
| 2 |
$8,565,768 |
$3,129,665
$578,189 |
$4,857,914 |
| 3 |
$8,993,948 |
$3,288,091
$607,091 |
$5,098,766 |
| 4 |
$9,443,808 |
$3,454,539
$637,457 |
$5,351,812 |
| 5 |
$9,915,890 |
$3,629,210
$669,323 |
$5,617,357 |
| 6 |
$10,411,820 |
$3,812,704
$702,798 |
$5,896,318 |
| 7 |
$10,932,140 |
$4,005,222
$737,919 |
$6,188,999 |
| 8 |
$11,479,018 |
$4,207,567
$774,834 |
$6,496,617 |
| 9 |
$12,052,996 |
$4,419,939
$813,577 |
$6,819,480 |
| 10 |
$12,655,700 |
$4,642,939
$854,260 |
$7,158,501 |
| 11 |
$13,288,214 |
$4,876,970
$896,954 |
$7,514,290 |
| 12 |
$13,952,706 |
$5,122,832
$941,808 |
$7,888,066 |
| 13 |
$14,650,260 |
$5,380,927
$988,893 |
$8,280,440 |
| 14 |
$15,383,044 |
$5,652,057
$1,038,355 |
$8,692,632 |
| 15 |
$16,152,142 |
$5,936,623
$1,090,270 |
$9,125,249 |
| 16 |
$16,959,722 |
$6,235,428
$1,144,781 |
$9,579,513 |
| 17 |
$17,807,410 |
$6,549,072
$1,202,000 |
$10,056,338 |
| 18 |
$18,697,916 |
$6,878,559
$1,262,109 |
$10,557,248 |
| 19 |
$19,632,866 |
$7,224,491
$1,325,218 |
$11,083,157 |
| 20 |
$20,614,428 |
$7,587,669
$1,391,474 |
$11,635,285 |
| 21 |
$21,645,312 |
$7,969,096
$1,461,059 |
$12,215,157 |
| 22 |
$22,727,686 |
$8,369,574
$1,534,119 |
$12,823,993 |
| 23 |
$23,863,718 |
$8,789,906
$1,610,801 |
$13,463,011 |
| 24 |
$25,057,202 |
$9,231,495
$1,691,361 |
$14,134,346 |
| 25 |
$26,309,764 |
$9,694,943
$1,775,909 |
$14,838,912 |
| 26 |
$27,625,740 |
$10,181,854
$1,864,737 |
$15,579,149 |
| 27 |
$29,006,756 |
$10,692,830
$1,957,956 |
$16,355,970 |
| 28 |
$30,457,148 |
$11,229,475
$2,055,857 |
$17,171,816 |
| 29 |
$31,980,168 |
$11,792,993
$2,158,661 |
$18,028,514 |
| 30 |
$33,579,068 |
$12,384,586
$2,266,587 |
$18,927,895 |
|
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