The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(8.95%) | $12,207,800 | | Net Lumpsum Payment | $73,763,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$418,937 |
$2,569,675 |
| 2 |
$4,915,044 |
$1,778,897
$439,896 |
$2,696,251 |
| 3 |
$5,160,734 |
$1,869,802
$461,886 |
$2,829,046 |
| 4 |
$5,418,864 |
$1,965,310
$484,988 |
$2,968,566 |
| 5 |
$5,689,745 |
$2,065,536
$509,232 |
$3,114,977 |
| 6 |
$5,974,310 |
$2,170,825
$534,701 |
$3,268,784 |
| 7 |
$6,272,870 |
$2,281,292
$561,422 |
$3,430,156 |
| 8 |
$6,586,669 |
$2,397,398
$589,507 |
$3,599,764 |
| 9 |
$6,916,018 |
$2,519,257
$618,984 |
$3,777,777 |
| 10 |
$7,261,850 |
$2,647,215
$649,936 |
$3,964,699 |
| 11 |
$7,624,787 |
$2,781,502
$682,418 |
$4,160,867 |
| 12 |
$8,006,073 |
$2,922,577
$716,544 |
$4,366,952 |
| 13 |
$8,406,330 |
$3,070,672
$752,367 |
$4,583,291 |
| 14 |
$8,826,802 |
$3,226,247
$789,999 |
$4,810,556 |
| 15 |
$9,268,111 |
$3,389,531
$829,496 |
$5,049,084 |
| 16 |
$9,731,501 |
$3,560,986
$870,969 |
$5,299,546 |
| 17 |
$10,217,905 |
$3,740,955
$914,502 |
$5,562,448 |
| 18 |
$10,728,878 |
$3,930,015
$960,235 |
$5,838,628 |
| 19 |
$11,265,353 |
$4,128,511
$1,008,249 |
$6,128,593 |
| 20 |
$11,828,574 |
$4,336,903
$1,058,657 |
$6,433,014 |
| 21 |
$12,420,096 |
$4,555,766
$1,111,599 |
$6,752,731 |
| 22 |
$13,041,163 |
$4,785,561
$1,167,184 |
$7,088,418 |
| 23 |
$13,693,019 |
$5,026,747
$1,225,525 |
$7,440,747 |
| 24 |
$14,377,841 |
$5,280,132
$1,286,817 |
$7,810,892 |
| 25 |
$15,096,562 |
$5,546,058
$1,351,142 |
$8,199,362 |
| 26 |
$15,851,670 |
$5,825,448
$1,418,724 |
$8,607,498 |
| 27 |
$16,644,098 |
$6,118,647
$1,489,647 |
$9,035,804 |
| 28 |
$17,476,334 |
$6,426,574
$1,564,132 |
$9,485,628 |
| 29 |
$18,350,244 |
$6,749,921
$1,642,347 |
$9,957,976 |
| 30 |
$19,267,694 |
$7,089,377
$1,724,459 |
$10,453,858 |
|
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