Jackpot Analysis Maryland Mega Millions

Jackpot Analysis for Maryland Mega Millions
The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 Aug 5, 2025
Draw DateTue Aug 5, 2025
Projected Jackpot$150,000,000
Cash Value$67,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$67,900,000
Federal Tax(24%)$16,296,000
Additional Federal Tax$8,787,330
State Tax(8.95%)$6,077,050
Net Lumpsum Payment$36,739,620
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,257,650 $795,661
$202,060
$1,259,929
2 $2,370,600 $837,452
$212,169
$1,320,979
3 $2,489,100 $881,297
$222,774
$1,385,029
4 $2,613,600 $927,362
$233,917
$1,452,321
5 $2,744,250 $975,703
$245,610
$1,522,937
6 $2,881,500 $1,026,485
$257,894
$1,597,121
7 $3,025,500 $1,079,765
$270,782
$1,674,953
8 $3,176,850 $1,135,765
$284,328
$1,756,757
9 $3,335,700 $1,194,539
$298,545
$1,842,616
10 $3,502,500 $1,256,255
$313,474
$1,932,771
11 $3,677,550 $1,321,024
$329,141
$2,027,385
12 $3,861,450 $1,389,067
$345,600
$2,126,783
13 $4,054,500 $1,460,495
$362,878
$2,231,127
14 $4,257,300 $1,535,531
$381,028
$2,340,741
15 $4,470,150 $1,614,286
$400,078
$2,455,786
16 $4,693,650 $1,696,981
$420,082
$2,576,587
17 $4,928,250 $1,783,783
$441,078
$2,703,389
18 $5,174,700 $1,874,969
$463,136
$2,836,595
19 $5,433,450 $1,970,707
$486,294
$2,976,449
20 $5,705,100 $2,071,217
$510,606
$3,123,277
21 $5,990,400 $2,176,778
$536,141
$3,277,481
22 $6,289,950 $2,287,612
$562,951
$3,439,387
23 $6,604,350 $2,403,940
$591,089
$3,609,321
24 $6,934,650 $2,526,151
$620,651
$3,787,848
25 $7,281,300 $2,654,411
$651,676
$3,975,213
26 $7,645,500 $2,789,165
$684,272
$4,172,063
27 $8,027,700 $2,930,579
$718,479
$4,378,642
28 $8,429,100 $3,079,097
$754,404
$4,595,599
29 $8,850,600 $3,235,052
$792,129
$4,823,419
30 $9,293,100 $3,398,777
$831,732
$5,062,591