Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 13, 2026 is estimated to be $385 Million, with a cash option of 174.2 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Maryland, your state will take 8.95% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Maryland MEGA Millions Jackpot/Cash Option for Fri Feb 13, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 13, 2026	$385,000,000	$174,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$174,200,000
Federal Tax(24%)	$41,808,000
Additional Federal Tax	$22,606,330
State Tax(8.95%)	$15,590,900
Net Lumpsum Payment	$94,194,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,794,635	-$2,104,345 -$518,620	$3,171,670
2	$6,084,540	-$2,211,610 -$544,566	$3,328,364
3	$6,388,690	-$2,324,146 -$571,788	$3,492,756
4	$6,708,240	-$2,442,379 -$600,387	$3,665,474
5	$7,043,575	-$2,566,453 -$630,400	$3,846,722
6	$7,395,850	-$2,696,795 -$661,929	$4,037,126
7	$7,765,450	-$2,833,547 -$695,008	$4,236,895
8	$8,153,915	-$2,977,279 -$729,775	$4,446,861
9	$8,561,630	-$3,128,133 -$766,266	$4,667,231
10	$8,989,750	-$3,286,538 -$804,583	$4,898,629
11	$9,439,045	-$3,452,777 -$844,795	$5,141,473
12	$9,911,055	-$3,627,421 -$887,039	$5,396,595
13	$10,406,550	-$3,810,754 -$931,386	$5,664,410
14	$10,927,070	-$4,003,346 -$977,973	$5,945,751
15	$11,473,385	-$4,205,483 -$1,026,868	$6,241,034
16	$12,047,035	-$4,417,733 -$1,078,210	$6,551,092
17	$12,649,175	-$4,640,525 -$1,132,101	$6,876,549
18	$13,281,730	-$4,874,570 -$1,188,715	$7,218,445
19	$13,945,855	-$5,120,297 -$1,248,154	$7,577,404
20	$14,643,090	-$5,378,274 -$1,310,557	$7,954,259
21	$15,375,360	-$5,649,214 -$1,376,095	$8,350,051
22	$16,144,205	-$5,933,686 -$1,444,906	$8,765,613
23	$16,951,165	-$6,232,261 -$1,517,129	$9,201,775
24	$17,798,935	-$6,545,936 -$1,593,005	$9,659,994
25	$18,688,670	-$6,875,138 -$1,672,636	$10,140,896
26	$19,623,450	-$7,221,007 -$1,756,299	$10,646,144
27	$20,604,430	-$7,583,969 -$1,844,096	$11,176,365
28	$21,634,690	-$7,965,166 -$1,936,305	$11,733,219
29	$22,716,540	-$8,365,450 -$2,033,130	$12,317,960
30	$23,852,290	-$8,785,678 -$2,134,780	$12,931,832