Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 29, 2025 is estimated to be $70 Million, with a cash option of 31.8 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Maryland MEGA Millions Jackpot/Cash Option for Tue Apr 29, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 29, 2025	$70,000,000	$31,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$31,800,000
Federal Tax(24%)	$7,632,000
Additional Federal Tax	$4,094,330
State Tax(8.95%)	$2,846,100
Net Lumpsum Payment	$17,227,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,053,570	-$350,151 -$94,295	$609,124
2	$1,106,280	-$369,654 -$99,012	$637,614
3	$1,161,580	-$390,115 -$103,961	$667,504
4	$1,219,680	-$411,612 -$109,161	$698,907
5	$1,280,650	-$434,171 -$114,618	$731,861
6	$1,344,700	-$457,869 -$120,351	$766,480
7	$1,411,900	-$482,733 -$126,365	$802,802
8	$1,482,530	-$508,866 -$132,686	$840,978
9	$1,556,660	-$536,295 -$139,321	$881,044
10	$1,634,500	-$565,095 -$146,288	$923,117
11	$1,716,190	-$595,321 -$153,599	$967,270
12	$1,802,010	-$627,074 -$161,280	$1,013,656
13	$1,892,100	-$660,407 -$169,343	$1,062,350
14	$1,986,740	-$695,424 -$177,813	$1,113,503
15	$2,086,070	-$732,176 -$186,703	$1,167,191
16	$2,190,370	-$770,767 -$196,038	$1,223,565
17	$2,299,850	-$811,275 -$205,837	$1,282,738
18	$2,414,860	-$853,829 -$216,130	$1,344,901
19	$2,535,610	-$898,506 -$226,937	$1,410,167
20	$2,662,380	-$945,411 -$238,283	$1,478,686
21	$2,795,520	-$994,673 -$250,199	$1,550,648
22	$2,935,310	-$1,046,395 -$262,710	$1,626,205
23	$3,082,030	-$1,100,681 -$275,842	$1,705,507
24	$3,236,170	-$1,157,713 -$289,637	$1,788,820
25	$3,397,940	-$1,217,568 -$304,116	$1,876,256
26	$3,567,900	-$1,280,453 -$319,327	$1,968,120
27	$3,746,260	-$1,346,447 -$335,290	$2,064,523
28	$3,933,580	-$1,415,755 -$352,055	$2,165,770
29	$4,130,280	-$1,488,534 -$369,660	$2,272,086
30	$4,336,780	-$1,564,939 -$388,142	$2,383,699