The jackpot for the MEGA Millions draw on Fri Jun 12, 2026, is projected to be $413 Million, with an option for a cash payout of $182.6 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 Jun 12, 2026 |
|---|
| Draw Date | Fri Jun 12, 2026 | | Projected Jackpot | $413,000,000 | | Cash Value | $182,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $182,600,000 | | Federal Tax(24%) | $43,824,000 | | Additional Federal Tax | $23,698,330 | | State Tax(8.95%) | $16,342,700 | | Net Lumpsum Payment | $98,734,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,216,063 |
$2,260,274
$556,338 |
$3,399,451 |
| 2 |
$6,527,052 |
$2,375,340
$584,171 |
$3,567,541 |
| 3 |
$6,853,322 |
$2,496,060
$613,372 |
$3,743,890 |
| 4 |
$7,196,112 |
$2,622,892
$644,052 |
$3,929,168 |
| 5 |
$7,555,835 |
$2,755,989
$676,247 |
$4,123,599 |
| 6 |
$7,933,730 |
$2,895,810
$710,069 |
$4,327,851 |
| 7 |
$8,330,210 |
$3,042,508
$745,554 |
$4,542,148 |
| 8 |
$8,746,927 |
$3,196,693
$782,850 |
$4,767,384 |
| 9 |
$9,184,294 |
$3,358,519
$821,994 |
$5,003,781 |
| 10 |
$9,643,550 |
$3,528,444
$863,098 |
$5,252,008 |
| 11 |
$10,125,521 |
$3,706,773
$906,234 |
$5,512,514 |
| 12 |
$10,631,859 |
$3,894,118
$951,551 |
$5,786,190 |
| 13 |
$11,163,390 |
$4,090,785
$999,123 |
$6,073,482 |
| 14 |
$11,721,766 |
$4,297,384
$1,049,098 |
$6,375,284 |
| 15 |
$12,307,813 |
$4,514,221
$1,101,549 |
$6,692,043 |
| 16 |
$12,923,183 |
$4,741,908
$1,156,625 |
$7,024,650 |
| 17 |
$13,569,115 |
$4,980,903
$1,214,436 |
$7,373,776 |
| 18 |
$14,247,674 |
$5,231,970
$1,275,167 |
$7,740,537 |
| 19 |
$14,960,099 |
$5,495,567
$1,338,929 |
$8,125,603 |
| 20 |
$15,708,042 |
$5,772,306
$1,405,870 |
$8,529,866 |
| 21 |
$16,493,568 |
$6,062,951
$1,476,174 |
$8,954,443 |
| 22 |
$17,318,329 |
$6,368,112
$1,549,990 |
$9,400,227 |
| 23 |
$18,183,977 |
$6,688,402
$1,627,466 |
$9,868,109 |
| 24 |
$19,093,403 |
$7,024,889
$1,708,860 |
$10,359,654 |
| 25 |
$20,047,846 |
$7,378,033
$1,794,282 |
$10,875,531 |
| 26 |
$21,050,610 |
$7,749,056
$1,884,030 |
$11,417,524 |
| 27 |
$22,102,934 |
$8,138,416
$1,978,213 |
$11,986,305 |
| 28 |
$23,208,122 |
$8,547,336
$2,077,127 |
$12,583,659 |
| 29 |
$24,368,652 |
$8,976,732
$2,180,994 |
$13,210,926 |
| 30 |
$25,587,002 |
$9,427,521
$2,290,037 |
$13,869,444 |
|
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