The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 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 Fri Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(8.95%) | $28,944,300 | | Net Lumpsum Payment | $174,837,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$1,000,869 |
$6,084,023 |
| 2 |
$11,742,372 |
$4,305,008
$1,050,942 |
$6,386,422 |
| 3 |
$12,329,342 |
$4,522,187
$1,103,476 |
$6,703,679 |
| 4 |
$12,946,032 |
$4,750,362
$1,158,670 |
$7,037,000 |
| 5 |
$13,593,185 |
$4,989,809
$1,216,590 |
$7,386,786 |
| 6 |
$14,273,030 |
$5,241,351
$1,277,436 |
$7,754,243 |
| 7 |
$14,986,310 |
$5,505,265
$1,341,275 |
$8,139,770 |
| 8 |
$15,735,997 |
$5,782,649
$1,408,372 |
$8,544,976 |
| 9 |
$16,522,834 |
$6,073,779
$1,478,794 |
$8,970,261 |
| 10 |
$17,349,050 |
$6,379,479
$1,552,740 |
$9,416,831 |
| 11 |
$18,216,131 |
$6,700,299
$1,630,344 |
$9,885,488 |
| 12 |
$19,127,049 |
$7,037,339
$1,711,871 |
$10,377,839 |
| 13 |
$20,083,290 |
$7,391,148
$1,797,454 |
$10,894,688 |
| 14 |
$21,087,826 |
$7,762,826
$1,887,360 |
$11,437,640 |
| 15 |
$22,142,143 |
$8,152,923
$1,981,722 |
$12,007,498 |
| 16 |
$23,249,213 |
$8,562,539
$2,080,805 |
$12,605,869 |
| 17 |
$24,411,265 |
$8,992,498
$2,184,808 |
$13,233,959 |
| 18 |
$25,632,014 |
$9,444,176
$2,294,065 |
$13,893,773 |
| 19 |
$26,913,689 |
$9,918,395
$2,408,775 |
$14,586,519 |
| 20 |
$28,259,262 |
$10,416,257
$2,529,204 |
$15,313,801 |
| 21 |
$29,672,448 |
$10,939,136
$2,655,684 |
$16,077,628 |
| 22 |
$31,156,219 |
$11,488,131
$2,788,482 |
$16,879,606 |
| 23 |
$32,713,547 |
$12,064,343
$2,927,862 |
$17,721,342 |
| 24 |
$34,349,633 |
$12,669,695
$3,074,292 |
$18,605,646 |
| 25 |
$36,066,706 |
$13,305,012
$3,227,970 |
$19,533,724 |
| 26 |
$37,870,710 |
$13,972,493
$3,389,429 |
$20,508,788 |
| 27 |
$39,763,874 |
$14,672,964
$3,558,867 |
$21,532,043 |
| 28 |
$41,752,142 |
$15,408,623
$3,736,817 |
$22,606,702 |
| 29 |
$43,839,972 |
$16,181,120
$3,923,677 |
$23,735,175 |
| 30 |
$46,031,822 |
$16,992,105
$4,119,848 |
$24,919,869 |
|
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