The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 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 Fri May 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | 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 |
$4,455,096 |
$1,608,716
$300,719 |
$2,545,661 |
| 2 |
$4,677,984 |
$1,691,184
$315,764 |
$2,671,036 |
| 3 |
$4,911,824 |
$1,777,705
$331,548 |
$2,802,571 |
| 4 |
$5,157,504 |
$1,868,607
$348,132 |
$2,940,765 |
| 5 |
$5,415,320 |
$1,963,999
$365,534 |
$3,085,787 |
| 6 |
$5,686,160 |
$2,064,210
$383,816 |
$3,238,134 |
| 7 |
$5,970,320 |
$2,169,349
$402,997 |
$3,397,974 |
| 8 |
$6,268,984 |
$2,279,854
$423,156 |
$3,565,974 |
| 9 |
$6,582,448 |
$2,395,836
$444,315 |
$3,742,297 |
| 10 |
$6,911,600 |
$2,517,622
$466,533 |
$3,927,445 |
| 11 |
$7,257,032 |
$2,645,432
$489,850 |
$4,121,750 |
| 12 |
$7,619,928 |
$2,779,704
$514,345 |
$4,325,879 |
| 13 |
$8,000,880 |
$2,920,656
$540,059 |
$4,540,165 |
| 14 |
$8,401,072 |
$3,068,727
$567,072 |
$4,765,273 |
| 15 |
$8,821,096 |
$3,224,136
$595,424 |
$5,001,536 |
| 16 |
$9,262,136 |
$3,387,321
$625,194 |
$5,249,621 |
| 17 |
$9,725,080 |
$3,558,610
$656,443 |
$5,510,027 |
| 18 |
$10,211,408 |
$3,738,551
$689,270 |
$5,783,587 |
| 19 |
$10,722,008 |
$3,927,473
$723,736 |
$6,070,799 |
| 20 |
$11,258,064 |
$4,125,814
$759,919 |
$6,372,331 |
| 21 |
$11,821,056 |
$4,334,121
$797,921 |
$6,689,014 |
| 22 |
$12,412,168 |
$4,552,833
$837,821 |
$7,021,514 |
| 23 |
$13,032,584 |
$4,782,386
$879,699 |
$7,370,499 |
| 24 |
$13,684,376 |
$5,023,550
$923,695 |
$7,737,131 |
| 25 |
$14,368,432 |
$5,276,650
$969,869 |
$8,121,913 |
| 26 |
$15,087,120 |
$5,542,565
$1,018,381 |
$8,526,174 |
| 27 |
$15,841,328 |
$5,821,622
$1,069,290 |
$8,950,416 |
| 28 |
$16,633,424 |
$6,114,697
$1,122,756 |
$9,395,971 |
| 29 |
$17,465,184 |
$6,422,448
$1,178,900 |
$9,863,836 |
| 30 |
$18,338,384 |
$6,745,532
$1,237,841 |
$10,355,011 |
|
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