Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Aug 8, 2025 is estimated to be $166 Million, with a cash option of 75.2 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 Aug 8, 2025

Draw Date	Jackpot	Cash Option
Fri Aug 8, 2025	$166,000,000	$75,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,200,000
Federal Tax(24%)	$18,048,000
Additional Federal Tax	$9,736,330
State Tax(8.95%)	$6,730,400
Net Lumpsum Payment	$40,685,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,498,466	-$884,763 -$223,613	$1,390,090
2	$2,623,464	-$931,012 -$234,800	$1,457,652
3	$2,754,604	-$979,534 -$246,537	$1,528,533
4	$2,892,384	-$1,030,512 -$258,868	$1,603,004
5	$3,036,970	-$1,084,009 -$271,809	$1,681,152
6	$3,188,860	-$1,140,209 -$285,403	$1,763,248
7	$3,348,220	-$1,199,172 -$299,666	$1,849,382
8	$3,515,714	-$1,261,145 -$314,656	$1,939,913
9	$3,691,508	-$1,326,188 -$330,390	$2,034,930
10	$3,876,100	-$1,394,487 -$346,911	$2,134,702
11	$4,069,822	-$1,466,165 -$364,249	$2,239,408
12	$4,273,338	-$1,541,465 -$382,464	$2,349,409
13	$4,486,980	-$1,620,513 -$401,585	$2,464,882
14	$4,711,412	-$1,703,553 -$421,671	$2,586,188
15	$4,946,966	-$1,790,708 -$442,753	$2,713,505
16	$5,194,306	-$1,882,224 -$464,890	$2,847,192
17	$5,453,930	-$1,978,284 -$488,127	$2,987,519
18	$5,726,668	-$2,079,198 -$512,537	$3,134,933
19	$6,013,018	-$2,185,147 -$538,165	$3,289,706
20	$6,313,644	-$2,296,379 -$565,071	$3,452,194
21	$6,629,376	-$2,413,200 -$593,329	$3,622,847
22	$6,960,878	-$2,535,855 -$622,999	$3,802,024
23	$7,308,814	-$2,664,592 -$654,139	$3,990,083
24	$7,674,346	-$2,799,838 -$686,854	$4,187,654
25	$8,057,972	-$2,941,780 -$721,188	$4,395,004
26	$8,461,020	-$3,090,908 -$757,261	$4,612,851
27	$8,883,988	-$3,247,406 -$795,117	$4,841,465
28	$9,328,204	-$3,411,766 -$834,874	$5,081,564
29	$9,794,664	-$3,584,356 -$876,622	$5,333,686
30	$10,284,364	-$3,765,545 -$920,451	$5,598,368