The jackpot for the MEGA Millions draw on Fri Oct 30, 2026, is projected to be $463 Million, with an option for a cash payout of $194.9 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 Fri Oct 30, 2026 |
|---|
| Draw Date | Fri Oct 30, 2026 | | Projected Jackpot | $463,000,000 | | Cash Value | $194,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $194,900,000 | | Federal Tax(24%) | $46,776,000 | | Additional Federal Tax | $25,297,330 | | State Tax(8.95%) | $17,443,550 | | Net Lumpsum Payment | $105,383,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,968,613 |
$2,538,717
$623,691 |
$3,806,205 |
| 2 |
$7,317,252 |
$2,667,714
$654,894 |
$3,994,644 |
| 3 |
$7,683,022 |
$2,803,049
$687,630 |
$4,192,343 |
| 4 |
$8,067,312 |
$2,945,236
$722,024 |
$4,400,052 |
| 5 |
$8,470,585 |
$3,094,447
$758,117 |
$4,618,021 |
| 6 |
$8,894,230 |
$3,251,195
$796,034 |
$4,847,001 |
| 7 |
$9,338,710 |
$3,415,653
$835,815 |
$5,087,242 |
| 8 |
$9,805,877 |
$3,588,505
$877,626 |
$5,339,746 |
| 9 |
$10,296,194 |
$3,769,922
$921,509 |
$5,604,763 |
| 10 |
$10,811,050 |
$3,960,419
$967,589 |
$5,883,042 |
| 11 |
$11,351,371 |
$4,160,338
$1,015,948 |
$6,175,085 |
| 12 |
$11,919,009 |
$4,370,364
$1,066,751 |
$6,481,894 |
| 13 |
$12,514,890 |
$4,590,840
$1,120,083 |
$6,803,967 |
| 14 |
$13,140,866 |
$4,822,451
$1,176,108 |
$7,142,307 |
| 15 |
$13,797,863 |
$5,065,540
$1,234,909 |
$7,497,414 |
| 16 |
$14,487,733 |
$5,320,792
$1,296,652 |
$7,870,289 |
| 17 |
$15,211,865 |
$5,588,720
$1,361,462 |
$8,261,683 |
| 18 |
$15,972,574 |
$5,870,183
$1,429,545 |
$8,672,846 |
| 19 |
$16,771,249 |
$6,165,693
$1,501,027 |
$9,104,529 |
| 20 |
$17,609,742 |
$6,475,935
$1,576,072 |
$9,557,735 |
| 21 |
$18,490,368 |
$6,801,767
$1,654,888 |
$10,033,713 |
| 22 |
$19,414,979 |
$7,143,873
$1,737,641 |
$10,533,465 |
| 23 |
$20,385,427 |
$7,502,938
$1,824,496 |
$11,057,993 |
| 24 |
$21,404,953 |
$7,880,163
$1,915,743 |
$11,609,047 |
| 25 |
$22,474,946 |
$8,276,060
$2,011,508 |
$12,187,378 |
| 26 |
$23,599,110 |
$8,692,001
$2,112,120 |
$12,794,989 |
| 27 |
$24,778,834 |
$9,128,499
$2,217,706 |
$13,432,629 |
| 28 |
$26,017,822 |
$9,586,925
$2,328,595 |
$14,102,302 |
| 29 |
$27,318,852 |
$10,068,306
$2,445,037 |
$14,805,509 |
| 30 |
$28,684,702 |
$10,573,670
$2,567,281 |
$15,543,751 |
|
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