The jackpot for the MEGA Millions draw on Tue Oct 14, 2025, is projected to be $600 Million, with an option for a cash payout of $277.2 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 Oct 14, 2025 |
|---|
| Draw Date | Tue Oct 14, 2025 | | Projected Jackpot | $600,000,000 | | Cash Value | $277,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $277,200,000 | | Federal Tax(24%) | $66,528,000 | | Additional Federal Tax | $35,996,330 | | State Tax(8.95%) | $24,809,400 | | Net Lumpsum Payment | $149,866,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,030,600 |
$3,301,652
$808,239 |
$4,920,709 |
| 2 |
$9,482,400 |
$3,468,818
$848,675 |
$5,164,907 |
| 3 |
$9,956,400 |
$3,644,198
$891,098 |
$5,421,104 |
| 4 |
$10,454,400 |
$3,828,458
$935,669 |
$5,690,273 |
| 5 |
$10,977,000 |
$4,021,820
$982,442 |
$5,972,738 |
| 6 |
$11,526,000 |
$4,224,950
$1,031,577 |
$6,269,473 |
| 7 |
$12,102,000 |
$4,438,070
$1,083,129 |
$6,580,801 |
| 8 |
$12,707,400 |
$4,662,068
$1,137,312 |
$6,908,020 |
| 9 |
$13,342,800 |
$4,897,166
$1,194,181 |
$7,251,453 |
| 10 |
$14,010,000 |
$5,144,030
$1,253,895 |
$7,612,075 |
| 11 |
$14,710,200 |
$5,403,104
$1,316,563 |
$7,990,533 |
| 12 |
$15,445,800 |
$5,675,276
$1,382,399 |
$8,388,125 |
| 13 |
$16,218,000 |
$5,960,990
$1,451,511 |
$8,805,499 |
| 14 |
$17,029,200 |
$6,261,134
$1,524,113 |
$9,243,953 |
| 15 |
$17,880,600 |
$6,576,152
$1,600,314 |
$9,704,134 |
| 16 |
$18,774,600 |
$6,906,932
$1,680,327 |
$10,187,341 |
| 17 |
$19,713,000 |
$7,254,140
$1,764,314 |
$10,694,546 |
| 18 |
$20,698,800 |
$7,618,886
$1,852,543 |
$11,227,371 |
| 19 |
$21,733,800 |
$8,001,836
$1,945,175 |
$11,786,789 |
| 20 |
$22,820,400 |
$8,403,878
$2,042,426 |
$12,374,096 |
| 21 |
$23,961,600 |
$8,826,122
$2,144,563 |
$12,990,915 |
| 22 |
$25,159,800 |
$9,269,456
$2,251,802 |
$13,638,542 |
| 23 |
$26,417,400 |
$9,734,768
$2,364,357 |
$14,318,275 |
| 24 |
$27,738,600 |
$10,223,612
$2,482,605 |
$15,032,383 |
| 25 |
$29,125,200 |
$10,736,654
$2,606,705 |
$15,781,841 |
| 26 |
$30,582,000 |
$11,275,670
$2,737,089 |
$16,569,241 |
| 27 |
$32,110,800 |
$11,841,326
$2,873,917 |
$17,395,557 |
| 28 |
$33,716,400 |
$12,435,398
$3,017,618 |
$18,263,384 |
| 29 |
$35,402,400 |
$13,059,218
$3,168,515 |
$19,174,667 |
| 30 |
$37,172,400 |
$13,714,118
$3,326,930 |
$20,131,352 |
|
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