The jackpot for the MEGA Millions draw on Fri Jan 2, 2026, is projected to be $157 Million, with an option for a cash payout of $72 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 Jan 2, 2026 |
|---|
| Draw Date | Fri Jan 2, 2026 | | Projected Jackpot | $157,000,000 | | Cash Value | $72,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $72,000,000 | | Federal Tax(24%) | $17,280,000 | | Additional Federal Tax | $9,320,330 | | State Tax(6.75%) | $4,860,000 | | Net Lumpsum Payment | $40,539,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,363,007 |
$834,643
$159,503 |
$1,368,861 |
| 2 |
$2,481,228 |
$878,385
$167,483 |
$1,435,360 |
| 3 |
$2,605,258 |
$924,276
$175,855 |
$1,505,127 |
| 4 |
$2,735,568 |
$972,491
$184,651 |
$1,578,426 |
| 5 |
$2,872,315 |
$1,023,087
$193,881 |
$1,655,347 |
| 6 |
$3,015,970 |
$1,076,239
$203,578 |
$1,736,153 |
| 7 |
$3,166,690 |
$1,132,006
$213,752 |
$1,820,932 |
| 8 |
$3,325,103 |
$1,190,618
$224,444 |
$1,910,041 |
| 9 |
$3,491,366 |
$1,252,136
$235,667 |
$2,003,563 |
| 10 |
$3,665,950 |
$1,316,732
$247,452 |
$2,101,766 |
| 11 |
$3,849,169 |
$1,384,523
$259,819 |
$2,204,827 |
| 12 |
$4,041,651 |
$1,455,741
$272,811 |
$2,313,099 |
| 13 |
$4,243,710 |
$1,530,503
$286,450 |
$2,426,757 |
| 14 |
$4,455,974 |
$1,609,041
$300,778 |
$2,546,155 |
| 15 |
$4,678,757 |
$1,691,470
$315,816 |
$2,671,471 |
| 16 |
$4,912,687 |
$1,778,025
$331,606 |
$2,803,056 |
| 17 |
$5,158,235 |
$1,868,877
$348,181 |
$2,941,177 |
| 18 |
$5,416,186 |
$1,964,319
$365,593 |
$3,086,274 |
| 19 |
$5,687,011 |
$2,064,524
$383,873 |
$3,238,614 |
| 20 |
$5,971,338 |
$2,169,725
$403,065 |
$3,398,548 |
| 21 |
$6,269,952 |
$2,280,213
$423,222 |
$3,566,517 |
| 22 |
$6,583,481 |
$2,396,218
$444,385 |
$3,742,878 |
| 23 |
$6,912,553 |
$2,517,975
$466,597 |
$3,927,981 |
| 24 |
$7,258,267 |
$2,645,889
$489,933 |
$4,122,445 |
| 25 |
$7,621,094 |
$2,780,135
$514,424 |
$4,326,535 |
| 26 |
$8,002,290 |
$2,921,178
$540,155 |
$4,540,957 |
| 27 |
$8,402,326 |
$3,069,191
$567,157 |
$4,765,978 |
| 28 |
$8,822,458 |
$3,224,640
$595,516 |
$5,002,302 |
| 29 |
$9,263,628 |
$3,387,873
$625,295 |
$5,250,460 |
| 30 |
$9,726,778 |
$3,559,238
$656,558 |
$5,510,982 |
|
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