Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 25, 2026 is estimated to be $130 Million, with a cash option of 55.5 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 Aug 25, 2026

Draw Date	Jackpot	Cash Option
Tue Aug 25, 2026	$130,000,000	$55,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,500,000
Federal Tax(24%)	$13,320,000
Additional Federal Tax	$7,175,330
State Tax(8.95%)	$4,967,250
Net Lumpsum Payment	$30,037,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,956,630	-$684,283 -$175,118	$1,097,229
2	$2,054,520	-$720,503 -$183,880	$1,150,137
3	$2,157,220	-$758,502 -$193,071	$1,205,647
4	$2,265,120	-$798,425 -$202,728	$1,263,967
5	$2,378,350	-$840,320 -$212,862	$1,325,168
6	$2,497,300	-$884,331 -$223,508	$1,389,461
7	$2,622,100	-$930,507 -$234,678	$1,456,915
8	$2,753,270	-$979,040 -$246,418	$1,527,812
9	$2,890,940	-$1,029,978 -$258,739	$1,602,223
10	$3,035,500	-$1,083,465 -$271,677	$1,680,358
11	$3,187,210	-$1,139,598 -$285,255	$1,762,357
12	$3,346,590	-$1,198,569 -$299,520	$1,848,501
13	$3,513,900	-$1,260,473 -$314,494	$1,938,933
14	$3,689,660	-$1,325,505 -$330,225	$2,033,930
15	$3,874,130	-$1,393,758 -$346,735	$2,133,637
16	$4,067,830	-$1,465,427 -$364,071	$2,238,332
17	$4,271,150	-$1,540,656 -$382,268	$2,348,226
18	$4,484,740	-$1,619,684 -$401,384	$2,463,672
19	$4,708,990	-$1,702,657 -$421,455	$2,584,878
20	$4,944,420	-$1,789,766 -$442,526	$2,712,128
21	$5,191,680	-$1,881,252 -$464,655	$2,845,773
22	$5,451,290	-$1,977,308 -$487,890	$2,986,092
23	$5,723,770	-$2,078,125 -$512,277	$3,133,368
24	$6,010,030	-$2,184,041 -$537,898	$3,288,091
25	$6,310,460	-$2,295,201 -$564,786	$3,450,473
26	$6,626,100	-$2,411,987 -$593,036	$3,621,077
27	$6,957,340	-$2,534,546 -$622,682	$3,800,112
28	$7,305,220	-$2,663,262 -$653,817	$3,988,141
29	$7,670,520	-$2,798,423 -$686,512	$4,185,585
30	$8,054,020	-$2,940,318 -$720,835	$4,392,867