Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 10, 2026 is estimated to be $533 Million, with a cash option of 244.2 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Maryland MEGA Millions Jackpot/Cash Option for Tue Mar 10, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 10, 2026	$533,000,000	$244,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$244,200,000
Federal Tax(24%)	$58,608,000
Additional Federal Tax	$31,706,330
State Tax(8.95%)	$21,855,900
Net Lumpsum Payment	$132,029,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,022,183	-$2,928,538 -$717,985	$4,375,660
2	$8,423,532	-$3,077,037 -$753,906	$4,592,589
3	$8,844,602	-$3,232,833 -$791,592	$4,820,177
4	$9,286,992	-$3,396,517 -$831,186	$5,059,289
5	$9,751,235	-$3,568,287 -$872,736	$5,310,212
6	$10,238,930	-$3,748,734 -$916,384	$5,573,812
7	$10,750,610	-$3,938,056 -$962,180	$5,850,374
8	$11,288,407	-$4,137,041 -$1,010,312	$6,141,054
9	$11,852,854	-$4,345,886 -$1,060,830	$6,446,138
10	$12,445,550	-$4,565,184 -$1,113,877	$6,766,489
11	$13,067,561	-$4,795,328 -$1,169,547	$7,102,686
12	$13,721,019	-$5,037,107 -$1,228,031	$7,455,881
13	$14,406,990	-$5,290,917 -$1,289,426	$7,826,647
14	$15,127,606	-$5,557,545 -$1,353,921	$8,216,140
15	$15,883,933	-$5,837,386 -$1,421,612	$8,624,935
16	$16,678,103	-$6,131,228 -$1,492,690	$9,054,185
17	$17,511,715	-$6,439,665 -$1,567,298	$9,504,752
18	$18,387,434	-$6,763,681 -$1,645,675	$9,978,078
19	$19,306,859	-$7,103,868 -$1,727,964	$10,475,027
20	$20,272,122	-$7,461,016 -$1,814,355	$10,996,751
21	$21,285,888	-$7,836,109 -$1,905,087	$11,544,692
22	$22,350,289	-$8,229,937 -$2,000,351	$12,120,001
23	$23,467,457	-$8,643,289 -$2,100,337	$12,723,831
24	$24,641,123	-$9,077,546 -$2,205,381	$13,358,196
25	$25,872,886	-$9,533,298 -$2,315,623	$14,023,965
26	$27,167,010	-$10,012,124 -$2,431,447	$14,723,439
27	$28,525,094	-$10,514,615 -$2,552,996	$15,457,483
28	$29,951,402	-$11,042,349 -$2,680,650	$16,228,403
29	$31,449,132	-$11,596,509 -$2,814,697	$17,037,926
30	$33,021,482	-$12,178,279 -$2,955,423	$17,887,780