The jackpot for the MEGA Millions draw on Fri Aug 15, 2025, is projected to be $198 Million, with an option for a cash payout of $89.3 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 Fri Aug 15, 2025 |
|---|
| Draw Date | Fri Aug 15, 2025 | | Projected Jackpot | $198,000,000 | | Cash Value | $89,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $89,300,000 | | Federal Tax(24%) | $21,432,000 | | Additional Federal Tax | $11,569,330 | | State Tax(8.95%) | $7,992,350 | | Net Lumpsum Payment | $48,306,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,980,098 |
$1,062,967
$266,719 |
$1,650,412 |
| 2 |
$3,129,192 |
$1,118,131
$280,063 |
$1,730,998 |
| 3 |
$3,285,612 |
$1,176,007
$294,062 |
$1,815,543 |
| 4 |
$3,449,952 |
$1,236,813
$308,771 |
$1,904,368 |
| 5 |
$3,622,410 |
$1,300,622
$324,206 |
$1,997,582 |
| 6 |
$3,803,580 |
$1,367,655
$340,420 |
$2,095,505 |
| 7 |
$3,993,660 |
$1,437,985
$357,433 |
$2,198,242 |
| 8 |
$4,193,442 |
$1,511,904
$375,313 |
$2,306,225 |
| 9 |
$4,403,124 |
$1,589,486
$394,080 |
$2,419,558 |
| 10 |
$4,623,300 |
$1,670,951
$413,785 |
$2,538,564 |
| 11 |
$4,854,366 |
$1,756,446
$434,466 |
$2,663,454 |
| 12 |
$5,097,114 |
$1,846,263
$456,192 |
$2,794,659 |
| 13 |
$5,351,940 |
$1,940,548
$478,999 |
$2,932,393 |
| 14 |
$5,619,636 |
$2,039,596
$502,957 |
$3,077,083 |
| 15 |
$5,900,598 |
$2,143,552
$528,104 |
$3,228,942 |
| 16 |
$6,195,618 |
$2,252,709
$554,508 |
$3,388,401 |
| 17 |
$6,505,290 |
$2,367,288
$582,223 |
$3,555,779 |
| 18 |
$6,830,604 |
$2,487,654
$611,339 |
$3,731,611 |
| 19 |
$7,172,154 |
$2,614,027
$641,908 |
$3,916,219 |
| 20 |
$7,530,732 |
$2,746,701
$674,001 |
$4,110,030 |
| 21 |
$7,907,328 |
$2,886,042
$707,706 |
$4,313,580 |
| 22 |
$8,302,734 |
$3,032,342
$743,095 |
$4,527,297 |
| 23 |
$8,717,742 |
$3,185,895
$780,238 |
$4,751,609 |
| 24 |
$9,153,738 |
$3,347,213
$819,260 |
$4,987,265 |
| 25 |
$9,611,316 |
$3,516,517
$860,213 |
$5,234,586 |
| 26 |
$10,092,060 |
$3,694,393
$903,239 |
$5,494,428 |
| 27 |
$10,596,564 |
$3,881,059
$948,392 |
$5,767,113 |
| 28 |
$11,126,412 |
$4,077,103
$995,814 |
$6,053,495 |
| 29 |
$11,682,792 |
$4,282,963
$1,045,610 |
$6,354,219 |
| 30 |
$12,266,892 |
$4,499,080
$1,097,887 |
$6,669,925 |
|
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