Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 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 Tue Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(8.95%)	$33,267,150
Net Lumpsum Payment	$200,943,520

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$1,077,652	$6,547,722
2	$12,643,200	-$4,638,314 -$1,131,566	$6,873,320
3	$13,275,200	-$4,872,154 -$1,188,130	$7,214,916
4	$13,939,200	-$5,117,834 -$1,247,558	$7,573,808
5	$14,636,000	-$5,375,650 -$1,309,922	$7,950,428
6	$15,368,000	-$5,646,490 -$1,375,436	$8,346,074
7	$16,136,000	-$5,930,650 -$1,444,172	$8,761,178
8	$16,943,200	-$6,229,314 -$1,516,416	$9,197,470
9	$17,790,400	-$6,542,778 -$1,592,241	$9,655,381
10	$18,680,000	-$6,871,930 -$1,671,860	$10,136,210
11	$19,613,600	-$7,217,362 -$1,755,417	$10,640,821
12	$20,594,400	-$7,580,258 -$1,843,199	$11,170,943
13	$21,624,000	-$7,961,210 -$1,935,348	$11,727,442
14	$22,705,600	-$8,361,402 -$2,032,151	$12,312,047
15	$23,840,800	-$8,781,426 -$2,133,752	$12,925,622
16	$25,032,800	-$9,222,466 -$2,240,436	$13,569,898
17	$26,284,000	-$9,685,410 -$2,352,418	$14,246,172
18	$27,598,400	-$10,171,738 -$2,470,057	$14,956,605
19	$28,978,400	-$10,682,338 -$2,593,567	$15,702,495
20	$30,427,200	-$11,218,394 -$2,723,234	$16,485,572
21	$31,948,800	-$11,781,386 -$2,859,418	$17,307,996
22	$33,546,400	-$12,372,498 -$3,002,403	$18,171,499
23	$35,223,200	-$12,992,914 -$3,152,476	$19,077,810
24	$36,984,800	-$13,644,706 -$3,310,140	$20,029,954
25	$38,833,600	-$14,328,762 -$3,475,607	$21,029,231
26	$40,776,000	-$15,047,450 -$3,649,452	$22,079,098
27	$42,814,400	-$15,801,658 -$3,831,889	$23,180,853
28	$44,955,200	-$16,593,754 -$4,023,490	$24,337,956
29	$47,203,200	-$17,425,514 -$4,224,686	$25,553,000
30	$49,563,200	-$18,298,714 -$4,435,906	$26,828,580