Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 14, 2026 is estimated to be $637 Million, with a cash option of 278 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 Jul 14, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 14, 2026	$637,000,000	$278,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$278,000,000
Federal Tax(24%)	$66,720,000
Additional Federal Tax	$36,100,330
State Tax(8.95%)	$24,881,000
Net Lumpsum Payment	$150,298,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,587,487	-$3,507,701 -$858,080	$5,221,706
2	$10,067,148	-$3,685,175 -$901,010	$5,480,963
3	$10,570,378	-$3,871,370 -$946,049	$5,752,959
4	$11,099,088	-$4,066,993 -$993,368	$6,038,727
5	$11,653,915	-$4,272,279 -$1,043,025	$6,338,611
6	$12,236,770	-$4,487,935 -$1,095,191	$6,653,644
7	$12,848,290	-$4,714,198 -$1,149,922	$6,984,170
8	$13,491,023	-$4,952,009 -$1,207,447	$7,331,567
9	$14,165,606	-$5,201,605 -$1,267,822	$7,696,179
10	$14,873,950	-$5,463,692 -$1,331,219	$8,079,039
11	$15,617,329	-$5,738,742 -$1,397,751	$8,480,836
12	$16,398,291	-$6,027,698 -$1,467,647	$8,902,946
13	$17,218,110	-$6,331,031 -$1,541,021	$9,346,058
14	$18,079,334	-$6,649,684 -$1,618,100	$9,811,550
15	$18,983,237	-$6,984,128 -$1,699,000	$10,300,109
16	$19,932,367	-$7,335,306 -$1,783,947	$10,813,114
17	$20,928,635	-$7,703,925 -$1,873,113	$11,351,597
18	$21,975,226	-$8,091,164 -$1,966,783	$11,917,279
19	$23,074,051	-$8,497,729 -$2,065,128	$12,511,194
20	$24,227,658	-$8,924,564 -$2,168,375	$13,134,719
21	$25,439,232	-$9,372,846 -$2,276,811	$13,789,575
22	$26,711,321	-$9,843,519 -$2,390,663	$14,477,139
23	$28,046,473	-$10,337,525 -$2,510,159	$15,198,789
24	$29,449,147	-$10,856,515 -$2,635,699	$15,956,933
25	$30,921,254	-$11,401,194 -$2,767,452	$16,752,608
26	$32,467,890	-$11,973,450 -$2,905,876	$17,588,564
27	$34,090,966	-$12,573,988 -$3,051,141	$18,465,837
28	$35,795,578	-$13,204,694 -$3,203,704	$19,387,180
29	$37,585,548	-$13,866,983 -$3,363,907	$20,354,658
30	$39,464,698	-$14,562,269 -$3,532,090	$21,370,339