Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 20, 2025 is estimated to be $302 Million, with a cash option of 136 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 Jun 20, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 20, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(8.95%)	$12,172,000
Net Lumpsum Payment	$73,547,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$406,813	$2,496,460
2	$4,772,808	-$1,726,269 -$427,166	$2,619,373
3	$5,011,388	-$1,814,544 -$448,519	$2,748,325
4	$5,262,048	-$1,907,288 -$470,953	$2,883,807
5	$5,525,090	-$2,004,614 -$494,496	$3,025,980
6	$5,801,420	-$2,106,856 -$519,227	$3,175,337
7	$6,091,340	-$2,214,126 -$545,175	$3,332,039
8	$6,396,058	-$2,326,872 -$572,447	$3,496,739
9	$6,715,876	-$2,445,205 -$601,071	$3,669,600
10	$7,051,700	-$2,569,459 -$631,127	$3,851,114
11	$7,404,134	-$2,699,860 -$662,670	$4,041,604
12	$7,774,386	-$2,836,853 -$695,808	$4,241,725
13	$8,163,060	-$2,980,663 -$730,594	$4,451,803
14	$8,571,364	-$3,131,735 -$767,137	$4,672,492
15	$8,999,902	-$3,290,294 -$805,491	$4,904,117
16	$9,449,882	-$3,456,787 -$845,764	$5,147,331
17	$9,922,210	-$3,631,548 -$888,038	$5,402,624
18	$10,418,396	-$3,815,137 -$932,446	$5,670,813
19	$10,939,346	-$4,007,888 -$979,071	$5,952,387
20	$11,486,268	-$4,210,250 -$1,028,021	$6,247,997
21	$12,060,672	-$4,422,779 -$1,079,430	$6,558,463
22	$12,663,766	-$4,645,924 -$1,133,407	$6,884,435
23	$13,296,758	-$4,880,131 -$1,190,060	$7,226,567
24	$13,961,762	-$5,126,182 -$1,249,578	$7,586,002
25	$14,659,684	-$5,384,413 -$1,312,042	$7,963,229
26	$15,392,940	-$5,655,718 -$1,377,668	$8,359,554
27	$16,162,436	-$5,940,432 -$1,446,538	$8,775,466
28	$16,970,588	-$6,239,448 -$1,518,868	$9,212,272
29	$17,819,208	-$6,553,437 -$1,594,819	$9,670,952
30	$18,710,108	-$6,883,070 -$1,674,555	$10,152,483