Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 15, 2026 is estimated to be $227 Million, with a cash option of 96.3 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 Sep 15, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 15, 2026	$227,000,000	$96,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$96,300,000
Federal Tax(24%)	$23,112,000
Additional Federal Tax	$12,479,330
State Tax(8.95%)	$8,618,850
Net Lumpsum Payment	$52,089,820

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,416,577	-$1,224,464 -$305,784	$1,886,329
2	$3,587,508	-$1,287,708 -$321,082	$1,978,718
3	$3,766,838	-$1,354,060 -$337,132	$2,075,646
4	$3,955,248	-$1,423,772 -$353,995	$2,177,481
5	$4,152,965	-$1,496,927 -$371,690	$2,284,348
6	$4,360,670	-$1,573,778 -$390,280	$2,396,612
7	$4,578,590	-$1,654,409 -$409,784	$2,514,397
8	$4,807,633	-$1,739,155 -$430,283	$2,638,195
9	$5,048,026	-$1,828,100 -$451,798	$2,768,128
10	$5,300,450	-$1,921,497 -$474,390	$2,904,563
11	$5,565,359	-$2,019,513 -$498,100	$3,047,746
12	$5,843,661	-$2,122,485 -$523,008	$3,198,168
13	$6,135,810	-$2,230,580 -$549,155	$3,356,075
14	$6,442,714	-$2,344,135 -$576,623	$3,521,956
15	$6,764,827	-$2,463,316 -$605,452	$3,696,059
16	$7,103,057	-$2,588,461 -$635,724	$3,878,872
17	$7,458,085	-$2,719,822 -$667,499	$4,070,764
18	$7,831,046	-$2,857,817 -$700,879	$4,272,350
19	$8,222,621	-$3,002,700 -$735,925	$4,483,996
20	$8,633,718	-$3,154,806 -$772,718	$4,706,194
21	$9,065,472	-$3,314,555 -$811,360	$4,939,557
22	$9,518,791	-$3,482,283 -$851,932	$5,184,576
23	$9,994,583	-$3,658,326 -$894,515	$5,441,742
24	$10,494,437	-$3,843,272 -$939,252	$5,711,913
25	$11,019,034	-$4,037,373 -$986,204	$5,995,457
26	$11,570,190	-$4,241,301 -$1,035,532	$6,293,357
27	$12,148,586	-$4,455,307 -$1,087,298	$6,605,981
28	$12,756,038	-$4,680,064 -$1,141,665	$6,934,309
29	$13,393,908	-$4,916,076 -$1,198,755	$7,279,077
30	$14,063,558	-$5,163,847 -$1,258,688	$7,641,023