The jackpot for the MEGA Millions draw on Tue Mar 10, 2026, is projected to be $533 Million, with an option for a cash payout of $244.2 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Maryland residents, the state will deduct 8.95% from your lottery earnings.
| Maryland MEGA Millions Jackpot/Cash Option for Tue Mar 10, 2026 |
|---|
| Draw Date | Tue Mar 10, 2026 | | Projected Jackpot | $533,000,000 | | Cash Value | $244,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $244,200,000 | | Federal Tax(24%) | $58,608,000 | | Additional Federal Tax | $31,706,330 | | State Tax(8.95%) | $21,855,900 | | Net Lumpsum Payment | $132,029,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,022,183 |
$2,928,538
$717,985 |
$4,375,660 |
| 2 |
$8,423,532 |
$3,077,037
$753,906 |
$4,592,589 |
| 3 |
$8,844,602 |
$3,232,833
$791,592 |
$4,820,177 |
| 4 |
$9,286,992 |
$3,396,517
$831,186 |
$5,059,289 |
| 5 |
$9,751,235 |
$3,568,287
$872,736 |
$5,310,212 |
| 6 |
$10,238,930 |
$3,748,734
$916,384 |
$5,573,812 |
| 7 |
$10,750,610 |
$3,938,056
$962,180 |
$5,850,374 |
| 8 |
$11,288,407 |
$4,137,041
$1,010,312 |
$6,141,054 |
| 9 |
$11,852,854 |
$4,345,886
$1,060,830 |
$6,446,138 |
| 10 |
$12,445,550 |
$4,565,184
$1,113,877 |
$6,766,489 |
| 11 |
$13,067,561 |
$4,795,328
$1,169,547 |
$7,102,686 |
| 12 |
$13,721,019 |
$5,037,107
$1,228,031 |
$7,455,881 |
| 13 |
$14,406,990 |
$5,290,917
$1,289,426 |
$7,826,647 |
| 14 |
$15,127,606 |
$5,557,545
$1,353,921 |
$8,216,140 |
| 15 |
$15,883,933 |
$5,837,386
$1,421,612 |
$8,624,935 |
| 16 |
$16,678,103 |
$6,131,228
$1,492,690 |
$9,054,185 |
| 17 |
$17,511,715 |
$6,439,665
$1,567,298 |
$9,504,752 |
| 18 |
$18,387,434 |
$6,763,681
$1,645,675 |
$9,978,078 |
| 19 |
$19,306,859 |
$7,103,868
$1,727,964 |
$10,475,027 |
| 20 |
$20,272,122 |
$7,461,016
$1,814,355 |
$10,996,751 |
| 21 |
$21,285,888 |
$7,836,109
$1,905,087 |
$11,544,692 |
| 22 |
$22,350,289 |
$8,229,937
$2,000,351 |
$12,120,001 |
| 23 |
$23,467,457 |
$8,643,289
$2,100,337 |
$12,723,831 |
| 24 |
$24,641,123 |
$9,077,546
$2,205,381 |
$13,358,196 |
| 25 |
$25,872,886 |
$9,533,298
$2,315,623 |
$14,023,965 |
| 26 |
$27,167,010 |
$10,012,124
$2,431,447 |
$14,723,439 |
| 27 |
$28,525,094 |
$10,514,615
$2,552,996 |
$15,457,483 |
| 28 |
$29,951,402 |
$11,042,349
$2,680,650 |
$16,228,403 |
| 29 |
$31,449,132 |
$11,596,509
$2,814,697 |
$17,037,926 |
| 30 |
$33,021,482 |
$12,178,279
$2,955,423 |
$17,887,780 |
|
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