Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 Tue Oct 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(8.95%)	$12,494,200
Net Lumpsum Payment	$75,493,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$464,737	$2,846,267
2	$5,452,380	-$1,977,711 -$487,988	$2,986,681
3	$5,724,930	-$2,078,554 -$512,381	$3,133,995
4	$6,011,280	-$2,184,504 -$538,010	$3,288,766
5	$6,311,775	-$2,295,687 -$564,904	$3,451,184
6	$6,627,450	-$2,412,487 -$593,157	$3,621,806
7	$6,958,650	-$2,535,031 -$622,799	$3,800,820
8	$7,306,755	-$2,663,830 -$653,955	$3,988,970
9	$7,672,110	-$2,799,011 -$686,654	$4,186,445
10	$8,055,750	-$2,940,958 -$720,990	$4,393,802
11	$8,458,365	-$3,089,925 -$757,024	$4,611,416
12	$8,881,335	-$3,246,424 -$794,879	$4,840,032
13	$9,325,350	-$3,410,710 -$834,619	$5,080,021
14	$9,791,790	-$3,583,293 -$876,365	$5,332,132
15	$10,281,345	-$3,764,428 -$920,180	$5,596,737
16	$10,795,395	-$3,954,627 -$966,188	$5,874,580
17	$11,334,975	-$4,154,271 -$1,014,480	$6,166,224
18	$11,901,810	-$4,364,000 -$1,065,212	$6,472,598
19	$12,496,935	-$4,584,196 -$1,118,476	$6,794,263
20	$13,121,730	-$4,815,370 -$1,174,395	$7,131,965
21	$13,777,920	-$5,058,161 -$1,233,124	$7,486,635
22	$14,466,885	-$5,313,078 -$1,294,786	$7,859,021
23	$15,190,005	-$5,580,632 -$1,359,505	$8,249,868
24	$15,949,695	-$5,861,718 -$1,427,498	$8,660,479
25	$16,746,990	-$6,156,717 -$1,498,856	$9,091,417
26	$17,584,650	-$6,466,651 -$1,573,826	$9,544,173
27	$18,463,710	-$6,791,903 -$1,652,502	$10,019,305
28	$19,386,930	-$7,133,494 -$1,735,130	$10,518,306
29	$20,356,380	-$7,492,191 -$1,821,896	$11,042,293
30	$21,374,130	-$7,868,758 -$1,912,985	$11,592,387