The jackpot for the MEGA Millions draw on Tue May 13, 2025, is projected to be $110 Million, with an option for a cash payout of $49.4 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 May 13, 2025 |
|---|
| Draw Date | Tue May 13, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,400,000 | | Federal Tax(24%) | $11,856,000 | | Additional Federal Tax | $6,382,330 | | State Tax(8.95%) | $4,421,300 | | Net Lumpsum Payment | $26,740,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$148,177 |
$934,527 |
| 2 |
$1,738,440 |
$603,553
$155,590 |
$979,297 |
| 3 |
$1,825,340 |
$635,706
$163,368 |
$1,026,266 |
| 4 |
$1,916,640 |
$669,487
$171,539 |
$1,075,614 |
| 5 |
$2,012,450 |
$704,937
$180,114 |
$1,127,399 |
| 6 |
$2,113,100 |
$742,177
$189,122 |
$1,181,801 |
| 7 |
$2,218,700 |
$781,249
$198,574 |
$1,238,877 |
| 8 |
$2,329,690 |
$822,316
$208,507 |
$1,298,867 |
| 9 |
$2,446,180 |
$865,417
$218,933 |
$1,361,830 |
| 10 |
$2,568,500 |
$910,675
$229,881 |
$1,427,944 |
| 11 |
$2,696,870 |
$958,172
$241,370 |
$1,497,328 |
| 12 |
$2,831,730 |
$1,008,070
$253,440 |
$1,570,220 |
| 13 |
$2,973,300 |
$1,060,451
$266,110 |
$1,646,739 |
| 14 |
$3,122,020 |
$1,115,478
$279,421 |
$1,727,121 |
| 15 |
$3,278,110 |
$1,173,231
$293,391 |
$1,811,488 |
| 16 |
$3,442,010 |
$1,233,874
$308,060 |
$1,900,076 |
| 17 |
$3,614,050 |
$1,297,529
$323,457 |
$1,993,064 |
| 18 |
$3,794,780 |
$1,364,399
$339,633 |
$2,090,748 |
| 19 |
$3,984,530 |
$1,434,606
$356,615 |
$2,193,309 |
| 20 |
$4,183,740 |
$1,508,314
$374,445 |
$2,300,981 |
| 21 |
$4,392,960 |
$1,585,726
$393,170 |
$2,414,064 |
| 22 |
$4,612,630 |
$1,667,003
$412,830 |
$2,532,797 |
| 23 |
$4,843,190 |
$1,752,311
$433,466 |
$2,657,413 |
| 24 |
$5,085,410 |
$1,841,932
$455,144 |
$2,788,334 |
| 25 |
$5,339,620 |
$1,935,990
$477,896 |
$2,925,734 |
| 26 |
$5,606,700 |
$2,034,809
$501,800 |
$3,070,091 |
| 27 |
$5,886,980 |
$2,138,513
$526,885 |
$3,221,582 |
| 28 |
$6,181,340 |
$2,247,426
$553,230 |
$3,380,684 |
| 29 |
$6,490,440 |
$2,361,793
$580,894 |
$3,547,753 |
| 30 |
$6,814,940 |
$2,481,858
$609,937 |
$3,723,145 |
|
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