The jackpot for the MEGA Millions draw on Fri Oct 31, 2025, is projected to be $754 Million, with an option for a cash payout of $352.8 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 Fri Oct 31, 2025 |
|---|
| Draw Date | Fri Oct 31, 2025 | | Projected Jackpot | $754,000,000 | | Cash Value | $352,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $352,800,000 | | Federal Tax(24%) | $84,672,000 | | Additional Federal Tax | $45,824,330 | | State Tax(8.95%) | $31,575,600 | | Net Lumpsum Payment | $190,728,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,348,454 |
$4,159,258
$1,015,687 |
$6,173,509 |
| 2 |
$11,916,216 |
$4,369,330
$1,066,501 |
$6,480,385 |
| 3 |
$12,511,876 |
$4,589,725
$1,119,813 |
$6,802,338 |
| 4 |
$13,137,696 |
$4,821,278
$1,175,824 |
$7,140,594 |
| 5 |
$13,794,430 |
$5,064,269
$1,234,601 |
$7,495,560 |
| 6 |
$14,484,340 |
$5,319,536
$1,296,348 |
$7,868,456 |
| 7 |
$15,208,180 |
$5,587,357
$1,361,132 |
$8,259,691 |
| 8 |
$15,968,966 |
$5,868,848
$1,429,222 |
$8,670,896 |
| 9 |
$16,767,452 |
$6,164,288
$1,500,687 |
$9,102,477 |
| 10 |
$17,605,900 |
$6,474,513
$1,575,728 |
$9,555,659 |
| 11 |
$18,485,818 |
$6,800,083
$1,654,481 |
$10,031,254 |
| 12 |
$19,410,222 |
$7,142,113
$1,737,215 |
$10,530,894 |
| 13 |
$20,380,620 |
$7,501,160
$1,824,065 |
$11,055,395 |
| 14 |
$21,400,028 |
$7,878,341
$1,915,303 |
$11,606,384 |
| 15 |
$22,469,954 |
$8,274,213
$2,011,061 |
$12,184,680 |
| 16 |
$23,593,414 |
$8,689,894
$2,111,611 |
$12,791,909 |
| 17 |
$24,772,670 |
$9,126,218
$2,217,154 |
$13,429,298 |
| 18 |
$26,011,492 |
$9,584,582
$2,328,029 |
$14,098,881 |
| 19 |
$27,312,142 |
$10,065,823
$2,444,437 |
$14,801,882 |
| 20 |
$28,677,636 |
$10,571,056
$2,566,648 |
$15,539,932 |
| 21 |
$30,111,744 |
$11,101,676
$2,695,001 |
$16,315,067 |
| 22 |
$31,617,482 |
$11,658,799
$2,829,765 |
$17,128,918 |
| 23 |
$33,197,866 |
$12,243,541
$2,971,209 |
$17,983,116 |
| 24 |
$34,858,174 |
$12,857,855
$3,119,807 |
$18,880,512 |
| 25 |
$36,600,668 |
$13,502,578
$3,275,760 |
$19,822,330 |
| 26 |
$38,431,380 |
$14,179,941
$3,439,609 |
$20,811,830 |
| 27 |
$40,352,572 |
$14,890,782
$3,611,555 |
$21,850,235 |
| 28 |
$42,370,276 |
$15,637,333
$3,792,140 |
$22,940,803 |
| 29 |
$44,489,016 |
$16,421,266
$3,981,767 |
$24,085,983 |
| 30 |
$46,713,316 |
$17,244,257
$4,180,842 |
$25,288,217 |
|
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