The jackpot for the MEGA Millions draw on Tue Jun 2, 2026, is projected to be $346 Million, with an option for a cash payout of $153.8 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 Jun 2, 2026 |
|---|
| Draw Date | Tue Jun 2, 2026 | | Projected Jackpot | $346,000,000 | | Cash Value | $153,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $153,800,000 | | Federal Tax(24%) | $36,912,000 | | Additional Federal Tax | $19,954,330 | | State Tax(8.95%) | $13,765,100 | | Net Lumpsum Payment | $83,168,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,207,646 |
$1,887,159
$466,084 |
$2,854,403 |
| 2 |
$5,468,184 |
$1,983,558
$489,402 |
$2,995,224 |
| 3 |
$5,741,524 |
$2,084,694
$513,866 |
$3,142,964 |
| 4 |
$6,028,704 |
$2,190,951
$539,569 |
$3,298,184 |
| 5 |
$6,330,070 |
$2,302,456
$566,541 |
$3,461,073 |
| 6 |
$6,646,660 |
$2,419,595
$594,876 |
$3,632,189 |
| 7 |
$6,978,820 |
$2,542,494
$624,604 |
$3,811,722 |
| 8 |
$7,327,934 |
$2,671,666
$655,850 |
$4,000,418 |
| 9 |
$7,694,348 |
$2,807,239
$688,644 |
$4,198,465 |
| 10 |
$8,079,100 |
$2,949,597
$723,079 |
$4,406,424 |
| 11 |
$8,482,882 |
$3,098,997
$759,218 |
$4,624,667 |
| 12 |
$8,907,078 |
$3,255,949
$797,183 |
$4,853,946 |
| 13 |
$9,352,380 |
$3,420,711
$837,038 |
$5,094,631 |
| 14 |
$9,820,172 |
$3,593,794
$878,905 |
$5,347,473 |
| 15 |
$10,311,146 |
$3,775,454
$922,848 |
$5,612,844 |
| 16 |
$10,826,686 |
$3,966,204
$968,988 |
$5,891,494 |
| 17 |
$11,367,830 |
$4,166,427
$1,017,421 |
$6,183,982 |
| 18 |
$11,936,308 |
$4,376,764
$1,068,300 |
$6,491,244 |
| 19 |
$12,533,158 |
$4,597,599
$1,121,718 |
$6,813,841 |
| 20 |
$13,159,764 |
$4,829,443
$1,177,799 |
$7,152,522 |
| 21 |
$13,817,856 |
$5,072,937
$1,236,698 |
$7,508,221 |
| 22 |
$14,508,818 |
$5,328,593
$1,298,539 |
$7,881,686 |
| 23 |
$15,234,034 |
$5,596,923
$1,363,446 |
$8,273,665 |
| 24 |
$15,995,926 |
$5,878,823
$1,431,635 |
$8,685,468 |
| 25 |
$16,795,532 |
$6,174,677
$1,503,200 |
$9,117,655 |
| 26 |
$17,635,620 |
$6,485,510
$1,578,388 |
$9,571,722 |
| 27 |
$18,517,228 |
$6,811,705
$1,657,292 |
$10,048,231 |
| 28 |
$19,443,124 |
$7,154,286
$1,740,160 |
$10,548,678 |
| 29 |
$20,415,384 |
$7,514,022
$1,827,177 |
$11,074,185 |
| 30 |
$21,436,084 |
$7,891,681
$1,918,530 |
$11,625,873 |
|
|
