Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(8.95%)	$6,077,050
Net Lumpsum Payment	$36,739,620

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$202,060	$1,259,929
2	$2,370,600	-$837,452 -$212,169	$1,320,979
3	$2,489,100	-$881,297 -$222,774	$1,385,029
4	$2,613,600	-$927,362 -$233,917	$1,452,321
5	$2,744,250	-$975,703 -$245,610	$1,522,937
6	$2,881,500	-$1,026,485 -$257,894	$1,597,121
7	$3,025,500	-$1,079,765 -$270,782	$1,674,953
8	$3,176,850	-$1,135,765 -$284,328	$1,756,757
9	$3,335,700	-$1,194,539 -$298,545	$1,842,616
10	$3,502,500	-$1,256,255 -$313,474	$1,932,771
11	$3,677,550	-$1,321,024 -$329,141	$2,027,385
12	$3,861,450	-$1,389,067 -$345,600	$2,126,783
13	$4,054,500	-$1,460,495 -$362,878	$2,231,127
14	$4,257,300	-$1,535,531 -$381,028	$2,340,741
15	$4,470,150	-$1,614,286 -$400,078	$2,455,786
16	$4,693,650	-$1,696,981 -$420,082	$2,576,587
17	$4,928,250	-$1,783,783 -$441,078	$2,703,389
18	$5,174,700	-$1,874,969 -$463,136	$2,836,595
19	$5,433,450	-$1,970,707 -$486,294	$2,976,449
20	$5,705,100	-$2,071,217 -$510,606	$3,123,277
21	$5,990,400	-$2,176,778 -$536,141	$3,277,481
22	$6,289,950	-$2,287,612 -$562,951	$3,439,387
23	$6,604,350	-$2,403,940 -$591,089	$3,609,321
24	$6,934,650	-$2,526,151 -$620,651	$3,787,848
25	$7,281,300	-$2,654,411 -$651,676	$3,975,213
26	$7,645,500	-$2,789,165 -$684,272	$4,172,063
27	$8,027,700	-$2,930,579 -$718,479	$4,378,642
28	$8,429,100	-$3,079,097 -$754,404	$4,595,599
29	$8,850,600	-$3,235,052 -$792,129	$4,823,419
30	$9,293,100	-$3,398,777 -$831,732	$5,062,591