Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 30, 2025 is estimated to be $189 Million, with a cash option of 82.7 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 May 30, 2025

Draw Date	Jackpot	Cash Option
Fri May 30, 2025	$189,000,000	$82,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,700,000
Federal Tax(24%)	$19,848,000
Additional Federal Tax	$10,711,330
State Tax(8.95%)	$7,401,650
Net Lumpsum Payment	$44,739,020

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,844,639	-$1,012,847 -$254,595	$1,577,197
2	$2,986,956	-$1,065,504 -$267,333	$1,654,119
3	$3,136,266	-$1,120,749 -$280,696	$1,734,821
4	$3,293,136	-$1,178,791 -$294,736	$1,819,609
5	$3,457,755	-$1,239,700 -$309,469	$1,908,586
6	$3,630,690	-$1,303,686 -$324,947	$2,002,057
7	$3,812,130	-$1,370,818 -$341,186	$2,100,126
8	$4,002,831	-$1,441,378 -$358,253	$2,203,200
9	$4,202,982	-$1,515,434 -$376,167	$2,311,381
10	$4,413,150	-$1,593,196 -$394,977	$2,424,977
11	$4,633,713	-$1,674,804 -$414,717	$2,544,192
12	$4,865,427	-$1,760,538 -$435,456	$2,669,433
13	$5,108,670	-$1,850,538 -$457,226	$2,800,906
14	$5,364,198	-$1,945,084 -$480,096	$2,939,018
15	$5,632,389	-$2,044,314 -$504,099	$3,083,976
16	$5,913,999	-$2,148,510 -$529,303	$3,236,186
17	$6,209,595	-$2,257,881 -$555,759	$3,395,955
18	$6,520,122	-$2,372,776 -$583,551	$3,563,795
19	$6,846,147	-$2,493,405 -$612,730	$3,740,012
20	$7,188,426	-$2,620,048 -$643,364	$3,925,014
21	$7,547,904	-$2,753,055 -$675,537	$4,119,312
22	$7,925,337	-$2,892,705 -$709,318	$4,323,314
23	$8,321,481	-$3,039,278 -$744,773	$4,537,430
24	$8,737,659	-$3,193,264 -$782,020	$4,762,375
25	$9,174,438	-$3,354,872 -$821,112	$4,998,454
26	$9,633,330	-$3,524,662 -$862,183	$5,246,485
27	$10,114,902	-$3,702,844 -$905,284	$5,506,774
28	$10,620,666	-$3,889,977 -$950,550	$5,780,139
29	$11,151,756	-$4,086,480 -$998,082	$6,067,194
30	$11,709,306	-$4,292,774 -$1,047,983	$6,368,549