Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 18, 2025 is estimated to be $112 Million, with a cash option of 49.3 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 Fri Apr 18, 2025

Draw Date	Jackpot	Cash Option
Fri Apr 18, 2025	$112,000,000	$49,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$49,300,000
Federal Tax(24%)	$11,832,000
Additional Federal Tax	$6,369,330
State Tax(8.95%)	$4,412,350
Net Lumpsum Payment	$26,686,320

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,685,712	-$584,044 -$150,871	$950,797
2	$1,770,048	-$615,248 -$158,419	$996,381
3	$1,858,528	-$647,986 -$166,338	$1,044,204
4	$1,951,488	-$682,381 -$174,658	$1,094,449
5	$2,049,040	-$718,475 -$183,389	$1,147,176
6	$2,151,520	-$756,393 -$192,561	$1,202,566
7	$2,259,040	-$796,175 -$202,184	$1,260,681
8	$2,372,048	-$837,988 -$212,298	$1,321,762
9	$2,490,656	-$881,873 -$222,914	$1,385,869
10	$2,615,200	-$927,954 -$234,060	$1,453,186
11	$2,745,904	-$976,315 -$245,758	$1,523,831
12	$2,883,216	-$1,027,120 -$258,048	$1,598,048
13	$3,027,360	-$1,080,454 -$270,949	$1,675,957
14	$3,178,784	-$1,136,480 -$284,501	$1,757,803
15	$3,337,712	-$1,195,284 -$298,725	$1,843,703
16	$3,504,592	-$1,257,029 -$313,661	$1,933,902
17	$3,679,760	-$1,321,842 -$329,339	$2,028,579
18	$3,863,776	-$1,389,928 -$345,808	$2,128,040
19	$4,056,976	-$1,461,412 -$363,099	$2,232,465
20	$4,259,808	-$1,536,459 -$381,253	$2,342,096
21	$4,472,832	-$1,615,278 -$400,318	$2,457,236
22	$4,696,496	-$1,698,034 -$420,336	$2,578,126
23	$4,931,248	-$1,784,892 -$441,347	$2,705,009
24	$5,177,872	-$1,876,143 -$463,420	$2,838,309
25	$5,436,704	-$1,971,911 -$486,585	$2,978,208
26	$5,708,640	-$2,072,527 -$510,923	$3,125,190
27	$5,994,016	-$2,178,116 -$536,464	$3,279,436
28	$6,293,728	-$2,289,010 -$563,289	$3,441,429
29	$6,608,448	-$2,405,456 -$591,456	$3,611,536
30	$6,938,848	-$2,527,704 -$621,027	$3,790,117