Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 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 Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(8.95%)	$13,765,100
Net Lumpsum Payment	$83,168,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$466,084	$2,854,403
2	$5,468,184	-$1,983,558 -$489,402	$2,995,224
3	$5,741,524	-$2,084,694 -$513,866	$3,142,964
4	$6,028,704	-$2,190,951 -$539,569	$3,298,184
5	$6,330,070	-$2,302,456 -$566,541	$3,461,073
6	$6,646,660	-$2,419,595 -$594,876	$3,632,189
7	$6,978,820	-$2,542,494 -$624,604	$3,811,722
8	$7,327,934	-$2,671,666 -$655,850	$4,000,418
9	$7,694,348	-$2,807,239 -$688,644	$4,198,465
10	$8,079,100	-$2,949,597 -$723,079	$4,406,424
11	$8,482,882	-$3,098,997 -$759,218	$4,624,667
12	$8,907,078	-$3,255,949 -$797,183	$4,853,946
13	$9,352,380	-$3,420,711 -$837,038	$5,094,631
14	$9,820,172	-$3,593,794 -$878,905	$5,347,473
15	$10,311,146	-$3,775,454 -$922,848	$5,612,844
16	$10,826,686	-$3,966,204 -$968,988	$5,891,494
17	$11,367,830	-$4,166,427 -$1,017,421	$6,183,982
18	$11,936,308	-$4,376,764 -$1,068,300	$6,491,244
19	$12,533,158	-$4,597,599 -$1,121,718	$6,813,841
20	$13,159,764	-$4,829,443 -$1,177,799	$7,152,522
21	$13,817,856	-$5,072,937 -$1,236,698	$7,508,221
22	$14,508,818	-$5,328,593 -$1,298,539	$7,881,686
23	$15,234,034	-$5,596,923 -$1,363,446	$8,273,665
24	$15,995,926	-$5,878,823 -$1,431,635	$8,685,468
25	$16,795,532	-$6,174,677 -$1,503,200	$9,117,655
26	$17,635,620	-$6,485,510 -$1,578,388	$9,571,722
27	$18,517,228	-$6,811,705 -$1,657,292	$10,048,231
28	$19,443,124	-$7,154,286 -$1,740,160	$10,548,678
29	$20,415,384	-$7,514,022 -$1,827,177	$11,074,185
30	$21,436,084	-$7,891,681 -$1,918,530	$11,625,873