Maryland Lottery

MDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 27, 2026 is estimated to be $443 Million, with a cash option of 186.5 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 27, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 27, 2026	$443,000,000	$186,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$186,500,000
Federal Tax(24%)	$44,760,000
Additional Federal Tax	$24,205,330
State Tax(8.95%)	$16,691,750
Net Lumpsum Payment	$100,842,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,667,593	-$2,427,340 -$596,750	$3,643,503
2	$7,001,172	-$2,550,764 -$626,605	$3,823,803
3	$7,351,142	-$2,680,253 -$657,927	$4,012,962
4	$7,718,832	-$2,816,298 -$690,835	$4,211,699
5	$8,104,685	-$2,959,064 -$725,369	$4,420,252
6	$8,510,030	-$3,109,041 -$761,648	$4,639,341
7	$8,935,310	-$3,266,395 -$799,710	$4,869,205
8	$9,382,297	-$3,431,780 -$839,716	$5,110,801
9	$9,851,434	-$3,605,361 -$881,703	$5,364,370
10	$10,344,050	-$3,787,629 -$925,792	$5,630,629
11	$10,861,031	-$3,978,912 -$972,062	$5,910,057
12	$11,404,149	-$4,179,866 -$1,020,671	$6,203,612
13	$11,974,290	-$4,390,818 -$1,071,699	$6,511,773
14	$12,573,226	-$4,612,424 -$1,125,304	$6,835,498
15	$13,201,843	-$4,845,012 -$1,181,565	$7,175,266
16	$13,861,913	-$5,089,238 -$1,240,641	$7,532,034
17	$14,554,765	-$5,345,593 -$1,302,651	$7,906,521
18	$15,282,614	-$5,614,898 -$1,367,794	$8,299,922
19	$16,046,789	-$5,897,642 -$1,436,188	$8,712,959
20	$16,849,062	-$6,194,483 -$1,507,991	$9,146,588
21	$17,691,648	-$6,506,240 -$1,583,402	$9,602,006
22	$18,576,319	-$6,833,568 -$1,662,581	$10,080,170
23	$19,504,847	-$7,177,124 -$1,745,684	$10,582,039
24	$20,480,333	-$7,538,054 -$1,832,990	$11,109,289
25	$21,504,106	-$7,916,850 -$1,924,617	$11,662,639
26	$22,579,710	-$8,314,823 -$2,020,884	$12,244,003
27	$23,708,474	-$8,732,466 -$2,121,908	$12,854,100
28	$24,893,942	-$9,171,089 -$2,228,008	$13,494,845
29	$26,138,772	-$9,631,676 -$2,339,420	$14,167,676
30	$27,445,622	-$10,115,211 -$2,456,383	$14,874,028