Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 6, 2026 is estimated to be $180 Million, with a cash option of 81.9 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 Jan 6, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 6, 2026	$180,000,000	$81,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$81,900,000
Federal Tax(24%)	$19,656,000
Additional Federal Tax	$10,607,330
State Tax(8.95%)	$7,330,050
Net Lumpsum Payment	$44,306,620

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,709,180	-$962,727 -$242,472	$1,503,981
2	$2,844,720	-$1,012,877 -$254,602	$1,577,241
3	$2,986,920	-$1,065,491 -$267,329	$1,654,100
4	$3,136,320	-$1,120,769 -$280,701	$1,734,850
5	$3,293,100	-$1,178,777 -$294,732	$1,819,591
6	$3,457,800	-$1,239,716 -$309,473	$1,908,611
7	$3,630,600	-$1,303,652 -$324,939	$2,002,009
8	$3,812,220	-$1,370,852 -$341,194	$2,100,174
9	$4,002,840	-$1,441,381 -$358,254	$2,203,205
10	$4,203,000	-$1,515,440 -$376,169	$2,311,391
11	$4,413,060	-$1,593,163 -$394,969	$2,424,928
12	$4,633,740	-$1,674,814 -$414,720	$2,544,206
13	$4,865,400	-$1,760,528 -$435,453	$2,669,419
14	$5,108,760	-$1,850,572 -$457,234	$2,800,954
15	$5,364,180	-$1,945,077 -$480,094	$2,939,009
16	$5,632,380	-$2,044,311 -$504,098	$3,083,971
17	$5,913,900	-$2,148,473 -$529,294	$3,236,133
18	$6,209,640	-$2,257,897 -$555,763	$3,395,980
19	$6,520,140	-$2,372,782 -$583,553	$3,563,805
20	$6,846,120	-$2,493,395 -$612,728	$3,739,997
21	$7,188,480	-$2,620,068 -$643,369	$3,925,043
22	$7,547,940	-$2,753,068 -$675,541	$4,119,331
23	$7,925,220	-$2,892,662 -$709,307	$4,323,251
24	$8,321,580	-$3,039,315 -$744,781	$4,537,484
25	$8,737,560	-$3,193,228 -$782,012	$4,762,320
26	$9,174,600	-$3,354,932 -$821,127	$4,998,541
27	$9,633,240	-$3,524,629 -$862,175	$5,246,436
28	$10,114,920	-$3,702,851 -$905,285	$5,506,784
29	$10,620,720	-$3,889,997 -$950,554	$5,780,169
30	$11,151,720	-$4,086,467 -$998,079	$6,067,174