Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 9, 2025 is estimated to be $100 Million, with a cash option of 45.3 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 9, 2025

Draw Date	Jackpot	Cash Option
Fri May 9, 2025	$100,000,000	$45,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$45,300,000
Federal Tax(24%)	$10,872,000
Additional Federal Tax	$5,849,330
State Tax(8.95%)	$4,054,350
Net Lumpsum Payment	$24,524,320

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,505,100	-$517,217 -$134,706	$853,177
2	$1,580,400	-$545,078 -$141,446	$893,876
3	$1,659,400	-$574,308 -$148,516	$936,576
4	$1,742,400	-$605,018 -$155,945	$981,437
5	$1,829,500	-$637,245 -$163,740	$1,028,515
6	$1,921,000	-$671,100 -$171,930	$1,077,970
7	$2,017,000	-$706,620 -$180,522	$1,129,858
8	$2,117,900	-$743,953 -$189,552	$1,184,395
9	$2,223,800	-$783,136 -$199,030	$1,241,634
10	$2,335,000	-$824,280 -$208,983	$1,301,737
11	$2,451,700	-$867,459 -$219,427	$1,364,814
12	$2,574,300	-$912,821 -$230,400	$1,431,079
13	$2,703,000	-$960,440 -$241,919	$1,500,641
14	$2,838,200	-$1,010,464 -$254,019	$1,573,717
15	$2,980,100	-$1,062,967 -$266,719	$1,650,414
16	$3,129,100	-$1,118,097 -$280,054	$1,730,949
17	$3,285,500	-$1,175,965 -$294,052	$1,815,483
18	$3,449,800	-$1,236,756 -$308,757	$1,904,287
19	$3,622,300	-$1,300,581 -$324,196	$1,997,523
20	$3,803,400	-$1,367,588 -$340,404	$2,095,408
21	$3,993,600	-$1,437,962 -$357,427	$2,198,211
22	$4,193,300	-$1,511,851 -$375,300	$2,306,149
23	$4,402,900	-$1,589,403 -$394,060	$2,419,437
24	$4,623,100	-$1,670,877 -$413,767	$2,538,456
25	$4,854,200	-$1,756,384 -$434,451	$2,663,365
26	$5,097,000	-$1,846,220 -$456,182	$2,794,598
27	$5,351,800	-$1,940,496 -$478,986	$2,932,318
28	$5,619,400	-$2,039,508 -$502,936	$3,076,956
29	$5,900,400	-$2,143,478 -$528,086	$3,228,836
30	$6,195,400	-$2,252,628 -$554,488	$3,388,284