The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(8.95%) | $6,166,550 | | Net Lumpsum Payment | $37,280,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$215,530 |
$1,341,280 |
| 2 |
$2,528,640 |
$895,927
$226,313 |
$1,406,400 |
| 3 |
$2,655,040 |
$942,695
$237,626 |
$1,474,719 |
| 4 |
$2,787,840 |
$991,831
$249,512 |
$1,546,497 |
| 5 |
$2,927,200 |
$1,043,394
$261,984 |
$1,621,822 |
| 6 |
$3,073,600 |
$1,097,562
$275,087 |
$1,700,951 |
| 7 |
$3,227,200 |
$1,154,394
$288,834 |
$1,783,972 |
| 8 |
$3,388,640 |
$1,214,127
$303,283 |
$1,871,230 |
| 9 |
$3,558,080 |
$1,276,820
$318,448 |
$1,962,812 |
| 10 |
$3,736,000 |
$1,342,650
$334,372 |
$2,058,978 |
| 11 |
$3,922,720 |
$1,411,737
$351,083 |
$2,159,900 |
| 12 |
$4,118,880 |
$1,484,316
$368,640 |
$2,265,924 |
| 13 |
$4,324,800 |
$1,560,506
$387,070 |
$2,377,224 |
| 14 |
$4,541,120 |
$1,640,545
$406,430 |
$2,494,145 |
| 15 |
$4,768,160 |
$1,724,550
$426,750 |
$2,616,860 |
| 16 |
$5,006,560 |
$1,812,758
$448,087 |
$2,745,715 |
| 17 |
$5,256,800 |
$1,905,346
$470,484 |
$2,880,970 |
| 18 |
$5,519,680 |
$2,002,612
$494,011 |
$3,023,057 |
| 19 |
$5,795,680 |
$2,104,732
$518,713 |
$3,172,235 |
| 20 |
$6,085,440 |
$2,211,943
$544,647 |
$3,328,850 |
| 21 |
$6,389,760 |
$2,324,542
$571,884 |
$3,493,334 |
| 22 |
$6,709,280 |
$2,442,764
$600,481 |
$3,666,035 |
| 23 |
$7,044,640 |
$2,566,847
$630,495 |
$3,847,298 |
| 24 |
$7,396,960 |
$2,697,206
$662,028 |
$4,037,726 |
| 25 |
$7,766,720 |
$2,834,017
$695,121 |
$4,237,582 |
| 26 |
$8,155,200 |
$2,977,754
$729,890 |
$4,447,556 |
| 27 |
$8,562,880 |
$3,128,596
$766,378 |
$4,667,906 |
| 28 |
$8,991,040 |
$3,287,015
$804,698 |
$4,899,327 |
| 29 |
$9,440,640 |
$3,453,367
$844,937 |
$5,142,336 |
| 30 |
$9,912,640 |
$3,628,007
$887,181 |
$5,397,452 |
|
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