Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 10, 2025 is estimated to be $575 Million, with a cash option of 264.6 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 Oct 10, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 10, 2025	$575,000,000	$264,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$264,600,000
Federal Tax(24%)	$63,504,000
Additional Federal Tax	$34,358,330
State Tax(8.95%)	$23,681,700
Net Lumpsum Payment	$143,055,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,654,325	-$3,162,431 -$774,562	$4,717,332
2	$9,087,300	-$3,322,631 -$813,313	$4,951,356
3	$9,541,550	-$3,490,704 -$853,969	$5,196,877
4	$10,018,800	-$3,667,286 -$896,683	$5,454,831
5	$10,519,625	-$3,852,592 -$941,506	$5,725,527
6	$11,045,750	-$4,047,258 -$988,595	$6,009,897
7	$11,597,750	-$4,251,498 -$1,037,999	$6,308,253
8	$12,177,925	-$4,466,163 -$1,089,924	$6,621,838
9	$12,786,850	-$4,691,465 -$1,144,423	$6,950,962
10	$13,426,250	-$4,928,043 -$1,201,649	$7,296,558
11	$14,097,275	-$5,176,322 -$1,261,706	$7,659,247
12	$14,802,225	-$5,437,154 -$1,324,799	$8,040,272
13	$15,542,250	-$5,710,963 -$1,391,031	$8,440,256
14	$16,319,650	-$5,998,601 -$1,460,609	$8,860,440
15	$17,135,575	-$6,300,493 -$1,533,634	$9,301,448
16	$17,992,325	-$6,617,491 -$1,610,313	$9,764,521
17	$18,891,625	-$6,950,232 -$1,690,800	$10,250,593
18	$19,836,350	-$7,299,780 -$1,775,353	$10,761,217
19	$20,828,225	-$7,666,774 -$1,864,126	$11,297,325
20	$21,869,550	-$8,052,064 -$1,957,325	$11,860,161
21	$22,963,200	-$8,456,714 -$2,055,206	$12,451,280
22	$24,111,475	-$8,881,576 -$2,157,977	$13,071,922
23	$25,316,675	-$9,327,500 -$2,265,842	$13,723,333
24	$26,582,825	-$9,795,976 -$2,379,163	$14,407,686
25	$27,911,650	-$10,287,641 -$2,498,093	$15,125,916
26	$29,307,750	-$10,804,198 -$2,623,044	$15,880,508
27	$30,772,850	-$11,346,285 -$2,754,170	$16,672,395
28	$32,311,550	-$11,915,604 -$2,891,884	$17,504,062
29	$33,927,300	-$12,513,431 -$3,036,493	$18,377,376
30	$35,623,550	-$13,141,044 -$3,188,308	$19,294,198