Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 18, 2025 is estimated to be $50 Million, with a cash option of 22.1 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 Jul 18, 2025

Draw Date	Jackpot	Cash Option
Fri Jul 18, 2025	$50,000,000	$22,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$22,100,000
Federal Tax(24%)	$5,304,000
Additional Federal Tax	$2,833,330
State Tax(8.95%)	$1,977,950
Net Lumpsum Payment	$11,984,720

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$752,550	-$238,774 -$67,353	$446,423
2	$790,200	-$252,704 -$70,723	$466,773
3	$829,700	-$267,319 -$74,258	$488,123
4	$871,200	-$282,674 -$77,972	$510,554
5	$914,750	-$298,788 -$81,870	$534,092
6	$960,500	-$315,715 -$85,965	$558,820
7	$1,008,500	-$333,475 -$90,261	$584,764
8	$1,058,950	-$352,142 -$94,776	$612,032
9	$1,111,900	-$371,733 -$99,515	$640,652
10	$1,167,500	-$392,305 -$104,491	$670,704
11	$1,225,850	-$413,895 -$109,714	$702,241
12	$1,287,150	-$436,576 -$115,200	$735,374
13	$1,351,500	-$460,385 -$120,959	$770,156
14	$1,419,100	-$485,397 -$127,009	$806,694
15	$1,490,050	-$511,649 -$133,359	$845,042
16	$1,564,550	-$539,214 -$140,027	$885,309
17	$1,642,750	-$568,148 -$147,026	$927,576
18	$1,724,900	-$598,543 -$154,379	$971,978
19	$1,811,150	-$630,456 -$162,098	$1,018,596
20	$1,901,700	-$663,959 -$170,202	$1,067,539
21	$1,996,800	-$699,146 -$178,714	$1,118,940
22	$2,096,650	-$736,091 -$187,650	$1,172,909
23	$2,201,450	-$774,867 -$197,030	$1,229,553
24	$2,311,550	-$815,604 -$206,884	$1,289,062
25	$2,427,100	-$858,357 -$217,225	$1,351,518
26	$2,548,500	-$903,275 -$228,091	$1,417,134
27	$2,675,900	-$950,413 -$239,493	$1,485,994
28	$2,809,700	-$999,919 -$251,468	$1,558,313
29	$2,950,200	-$1,051,904 -$264,043	$1,634,253
30	$3,097,700	-$1,106,479 -$277,244	$1,713,977