The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(8.95%) | $20,674,500 | | Net Lumpsum Payment | $124,895,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$688,350 |
$4,196,688 |
| 2 |
$8,075,844 |
$2,948,393
$722,788 |
$4,404,663 |
| 3 |
$8,479,534 |
$3,097,758
$758,918 |
$4,622,858 |
| 4 |
$8,903,664 |
$3,254,686
$796,878 |
$4,852,100 |
| 5 |
$9,348,745 |
$3,419,366
$836,713 |
$5,092,666 |
| 6 |
$9,816,310 |
$3,592,365
$878,560 |
$5,345,385 |
| 7 |
$10,306,870 |
$3,773,872
$922,465 |
$5,610,533 |
| 8 |
$10,822,469 |
$3,964,644
$968,611 |
$5,889,214 |
| 9 |
$11,363,618 |
$4,164,869
$1,017,044 |
$6,181,705 |
| 10 |
$11,931,850 |
$4,375,115
$1,067,901 |
$6,488,834 |
| 11 |
$12,528,187 |
$4,595,760
$1,121,273 |
$6,811,154 |
| 12 |
$13,154,673 |
$4,827,559
$1,177,343 |
$7,149,771 |
| 13 |
$13,812,330 |
$5,070,892
$1,236,204 |
$7,505,234 |
| 14 |
$14,503,202 |
$5,326,515
$1,298,037 |
$7,878,650 |
| 15 |
$15,228,311 |
$5,594,805
$1,362,934 |
$8,270,572 |
| 16 |
$15,989,701 |
$5,876,520
$1,431,078 |
$8,682,103 |
| 17 |
$16,788,905 |
$6,172,225
$1,502,607 |
$9,114,073 |
| 18 |
$17,628,478 |
$6,482,867
$1,577,749 |
$9,567,862 |
| 19 |
$18,509,953 |
$6,809,013
$1,656,641 |
$10,044,299 |
| 20 |
$19,435,374 |
$7,151,419
$1,739,466 |
$10,544,489 |
| 21 |
$20,407,296 |
$7,511,030
$1,826,453 |
$11,069,813 |
| 22 |
$21,427,763 |
$7,888,603
$1,917,785 |
$11,621,375 |
| 23 |
$22,498,819 |
$8,284,893
$2,013,644 |
$12,200,282 |
| 24 |
$23,624,041 |
$8,701,226
$2,114,352 |
$12,808,463 |
| 25 |
$24,804,962 |
$9,138,166
$2,220,044 |
$13,446,752 |
| 26 |
$26,045,670 |
$9,597,228
$2,331,087 |
$14,117,355 |
| 27 |
$27,347,698 |
$10,078,979
$2,447,619 |
$14,821,100 |
| 28 |
$28,715,134 |
$10,584,930
$2,570,004 |
$15,560,200 |
| 29 |
$30,151,044 |
$11,116,217
$2,698,518 |
$16,336,309 |
| 30 |
$31,658,494 |
$11,673,973
$2,833,435 |
$17,151,086 |
|
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