Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 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 Jun 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(8.95%)	$18,884,500
Net Lumpsum Payment	$114,085,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$629,079	$3,838,745
2	$7,380,468	-$2,691,104 -$660,552	$4,028,812
3	$7,749,398	-$2,827,608 -$693,571	$4,228,219
4	$8,137,008	-$2,971,023 -$728,262	$4,437,723
5	$8,543,765	-$3,121,523 -$764,667	$4,657,575
6	$8,971,070	-$3,279,626 -$802,911	$4,888,533
7	$9,419,390	-$3,445,505 -$843,035	$5,130,850
8	$9,890,593	-$3,619,850 -$885,208	$5,385,535
9	$10,385,146	-$3,802,834 -$929,471	$5,652,841
10	$10,904,450	-$3,994,977 -$975,948	$5,933,525
11	$11,449,439	-$4,196,623 -$1,024,725	$6,228,091
12	$12,021,981	-$4,408,463 -$1,075,967	$6,537,551
13	$12,623,010	-$4,630,844 -$1,129,759	$6,862,407
14	$13,254,394	-$4,864,456 -$1,186,268	$7,203,670
15	$13,917,067	-$5,109,645 -$1,245,577	$7,561,845
16	$14,612,897	-$5,367,102 -$1,307,854	$7,937,941
17	$15,343,285	-$5,637,346 -$1,373,224	$8,332,715
18	$16,110,566	-$5,921,240 -$1,441,896	$8,747,430
19	$16,916,141	-$6,219,303 -$1,513,995	$9,182,843
20	$17,761,878	-$6,532,225 -$1,589,688	$9,639,965
21	$18,650,112	-$6,860,872 -$1,669,185	$10,120,055
22	$19,582,711	-$7,205,933 -$1,752,653	$10,624,125
23	$20,561,543	-$7,568,101 -$1,840,258	$11,153,184
24	$21,589,877	-$7,948,585 -$1,932,294	$11,708,998
25	$22,669,114	-$8,347,903 -$2,028,886	$12,292,325
26	$23,802,990	-$8,767,437 -$2,130,368	$12,905,185
27	$24,992,906	-$9,207,706 -$2,236,865	$13,548,335
28	$26,242,598	-$9,670,092 -$2,348,713	$14,223,793
29	$27,554,868	-$10,155,632 -$2,466,161	$14,933,075
30	$28,932,518	-$10,665,362 -$2,589,460	$15,677,696