Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 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 Oct 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(8.95%)	$24,809,400
Net Lumpsum Payment	$149,866,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$808,239	$4,920,709
2	$9,482,400	-$3,468,818 -$848,675	$5,164,907
3	$9,956,400	-$3,644,198 -$891,098	$5,421,104
4	$10,454,400	-$3,828,458 -$935,669	$5,690,273
5	$10,977,000	-$4,021,820 -$982,442	$5,972,738
6	$11,526,000	-$4,224,950 -$1,031,577	$6,269,473
7	$12,102,000	-$4,438,070 -$1,083,129	$6,580,801
8	$12,707,400	-$4,662,068 -$1,137,312	$6,908,020
9	$13,342,800	-$4,897,166 -$1,194,181	$7,251,453
10	$14,010,000	-$5,144,030 -$1,253,895	$7,612,075
11	$14,710,200	-$5,403,104 -$1,316,563	$7,990,533
12	$15,445,800	-$5,675,276 -$1,382,399	$8,388,125
13	$16,218,000	-$5,960,990 -$1,451,511	$8,805,499
14	$17,029,200	-$6,261,134 -$1,524,113	$9,243,953
15	$17,880,600	-$6,576,152 -$1,600,314	$9,704,134
16	$18,774,600	-$6,906,932 -$1,680,327	$10,187,341
17	$19,713,000	-$7,254,140 -$1,764,314	$10,694,546
18	$20,698,800	-$7,618,886 -$1,852,543	$11,227,371
19	$21,733,800	-$8,001,836 -$1,945,175	$11,786,789
20	$22,820,400	-$8,403,878 -$2,042,426	$12,374,096
21	$23,961,600	-$8,826,122 -$2,144,563	$12,990,915
22	$25,159,800	-$9,269,456 -$2,251,802	$13,638,542
23	$26,417,400	-$9,734,768 -$2,364,357	$14,318,275
24	$27,738,600	-$10,223,612 -$2,482,605	$15,032,383
25	$29,125,200	-$10,736,654 -$2,606,705	$15,781,841
26	$30,582,000	-$11,275,670 -$2,737,089	$16,569,241
27	$32,110,800	-$11,841,326 -$2,873,917	$17,395,557
28	$33,716,400	-$12,435,398 -$3,017,618	$18,263,384
29	$35,402,400	-$13,059,218 -$3,168,515	$19,174,667
30	$37,172,400	-$13,714,118 -$3,326,930	$20,131,352