Jackpot Analysis Maryland Mega Millions

Jackpot Analysis for Maryland Mega Millions
The jackpot for the MEGA Millions draw on Tue Jul 15, 2025, is projected to be $90 Million, with an option for a cash payout of $39.9 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 Jul 15, 2025
Draw DateTue Jul 15, 2025
Projected Jackpot$90,000,000
Cash Value$39,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$39,900,000
Federal Tax(24%)$9,576,000
Additional Federal Tax$5,147,330
State Tax(8.95%)$3,571,050
Net Lumpsum Payment$21,605,620
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,354,590 $461,529
$121,236
$771,825
2 $1,422,360 $486,604
$127,301
$808,455
3 $1,493,460 $512,911
$133,665
$846,884
4 $1,568,160 $540,550
$140,350
$887,260
5 $1,646,550 $569,554
$147,366
$929,630
6 $1,728,900 $600,023
$154,737
$974,140
7 $1,815,300 $631,991
$162,469
$1,020,840
8 $1,906,110 $665,591
$170,597
$1,069,922
9 $2,001,420 $700,856
$179,127
$1,121,437
10 $2,101,500 $737,885
$188,084
$1,175,531
11 $2,206,530 $776,746
$197,484
$1,232,300
12 $2,316,870 $817,572
$207,360
$1,291,938
13 $2,432,700 $860,429
$217,727
$1,354,544
14 $2,554,380 $905,451
$228,617
$1,420,312
15 $2,682,090 $952,704
$240,047
$1,489,339
16 $2,816,190 $1,002,321
$252,049
$1,561,820
17 $2,956,950 $1,054,402
$264,647
$1,637,901
18 $3,104,820 $1,109,114
$277,881
$1,717,825
19 $3,260,070 $1,166,556
$291,776
$1,801,738
20 $3,423,060 $1,226,863
$306,364
$1,889,833
21 $3,594,240 $1,290,199
$321,684
$1,982,357
22 $3,773,970 $1,356,699
$337,770
$2,079,501
23 $3,962,610 $1,426,496
$354,654
$2,181,460
24 $4,160,790 $1,499,823
$372,391
$2,288,576
25 $4,368,780 $1,576,779
$391,006
$2,400,995
26 $4,587,300 $1,657,631
$410,563
$2,519,106
27 $4,816,620 $1,742,480
$431,087
$2,643,053
28 $5,057,460 $1,831,591
$452,643
$2,773,226
29 $5,310,360 $1,925,164
$475,277
$2,909,919
30 $5,575,860 $2,023,399
$499,039
$3,053,422