Lotto
Latest draw · Saturday, July 4, 2026
Lotto Tax Calculator
See what you'd really take home from a Lotto prize after federal and Montana state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $31,980,000
- Federal tax
- − $11,790,788
- State tax (Montana · 5.9%)
- − $1,886,820
- Net take-home
- $18,302,392
Estimate only — uses single-filer federal brackets and Montana's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Lotto tax FAQ
How much tax do you pay on a Lotto jackpot in Montana?
On a $31,980,000 Lotto jackpot taken as a lump sum, you'd pay about $11,790,788 in federal tax and $1,886,820 in Montana state tax, leaving roughly $18,302,392.
Does Montana tax Lotto lottery winnings?
Yes — Montana withholds about 5.9% in state tax on Lotto winnings, on top of federal tax.
Should I take the Lotto lump sum or annuity?
The lump sum pays a smaller, discounted amount now with full control; the 30-year annuity pays the full advertised jackpot spread over time and can keep you in lower yearly tax brackets. The best choice depends on your goals and tax situation.