Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(8.95%)	$5,620,600
Net Lumpsum Payment	$33,983,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$188,589	$1,178,579
2	$2,212,560	-$778,978 -$198,024	$1,235,558
3	$2,323,160	-$819,900 -$207,923	$1,295,337
4	$2,439,360	-$862,894 -$218,323	$1,358,143
5	$2,561,300	-$908,011 -$229,236	$1,424,053
6	$2,689,400	-$955,408 -$240,701	$1,493,291
7	$2,823,800	-$1,005,136 -$252,730	$1,565,934
8	$2,965,060	-$1,057,403 -$265,373	$1,642,284
9	$3,113,320	-$1,112,259 -$278,642	$1,722,419
10	$3,269,000	-$1,169,860 -$292,576	$1,806,564
11	$3,432,380	-$1,230,311 -$307,198	$1,894,871
12	$3,604,020	-$1,293,818 -$322,560	$1,987,642
13	$3,784,200	-$1,360,484 -$338,686	$2,085,030
14	$3,973,480	-$1,430,518 -$355,626	$2,187,336
15	$4,172,140	-$1,504,022 -$373,407	$2,294,711
16	$4,380,740	-$1,581,204 -$392,076	$2,407,460
17	$4,599,700	-$1,662,219 -$411,673	$2,525,808
18	$4,829,720	-$1,747,327 -$432,260	$2,650,133
19	$5,071,220	-$1,836,682 -$453,874	$2,780,664
20	$5,324,760	-$1,930,492 -$476,566	$2,917,702
21	$5,591,040	-$2,029,015 -$500,398	$3,061,627
22	$5,870,620	-$2,132,460 -$525,420	$3,212,740
23	$6,164,060	-$2,241,033 -$551,683	$3,371,344
24	$6,472,340	-$2,355,096 -$579,274	$3,537,970
25	$6,795,880	-$2,474,806 -$608,231	$3,712,843
26	$7,135,800	-$2,600,576 -$638,654	$3,896,570
27	$7,492,520	-$2,732,563 -$670,581	$4,089,376
28	$7,867,160	-$2,871,180 -$704,111	$4,291,869
29	$8,260,560	-$3,016,738 -$739,320	$4,504,502
30	$8,673,560	-$3,169,548 -$776,284	$4,727,728