The jackpot for the MEGA Millions draw on Fri Mar 6, 2026, is projected to be $496 Million, with an option for a cash payout of $232.6 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 Mar 6, 2026 |
|---|
| Draw Date | Fri Mar 6, 2026 | | Projected Jackpot | $496,000,000 | | Cash Value | $232,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $232,600,000 | | Federal Tax(24%) | $55,824,000 | | Additional Federal Tax | $30,198,330 | | State Tax(8.95%) | $20,817,700 | | Net Lumpsum Payment | $125,759,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,465,296 |
$2,722,490
$668,144 |
$4,074,662 |
| 2 |
$7,838,784 |
$2,860,680
$701,571 |
$4,276,533 |
| 3 |
$8,230,624 |
$3,005,661
$736,641 |
$4,488,322 |
| 4 |
$8,642,304 |
$3,157,983
$773,486 |
$4,710,835 |
| 5 |
$9,074,320 |
$3,317,829
$812,152 |
$4,944,339 |
| 6 |
$9,528,160 |
$3,485,750
$852,770 |
$5,189,640 |
| 7 |
$10,004,320 |
$3,661,929
$895,387 |
$5,447,004 |
| 8 |
$10,504,784 |
$3,847,100
$940,178 |
$5,717,506 |
| 9 |
$11,030,048 |
$4,041,448
$987,189 |
$6,001,411 |
| 10 |
$11,581,600 |
$4,245,522
$1,036,553 |
$6,299,525 |
| 11 |
$12,160,432 |
$4,459,690
$1,088,359 |
$6,612,383 |
| 12 |
$12,768,528 |
$4,684,686
$1,142,783 |
$6,941,059 |
| 13 |
$13,406,880 |
$4,920,876
$1,199,916 |
$7,286,088 |
| 14 |
$14,077,472 |
$5,168,995
$1,259,934 |
$7,648,543 |
| 15 |
$14,781,296 |
$5,429,410
$1,322,926 |
$8,028,960 |
| 16 |
$15,520,336 |
$5,702,855
$1,389,070 |
$8,428,411 |
| 17 |
$16,296,080 |
$5,989,880
$1,458,499 |
$8,847,701 |
| 18 |
$17,111,008 |
$6,291,403
$1,531,435 |
$9,288,170 |
| 19 |
$17,966,608 |
$6,607,975
$1,608,011 |
$9,750,622 |
| 20 |
$18,864,864 |
$6,940,330
$1,688,405 |
$10,236,129 |
| 21 |
$19,808,256 |
$7,289,385
$1,772,839 |
$10,746,032 |
| 22 |
$20,798,768 |
$7,655,875
$1,861,490 |
$11,281,403 |
| 23 |
$21,838,384 |
$8,040,532
$1,954,535 |
$11,843,317 |
| 24 |
$22,930,576 |
$8,444,644
$2,052,287 |
$12,433,645 |
| 25 |
$24,076,832 |
$8,868,758
$2,154,876 |
$13,053,198 |
| 26 |
$25,281,120 |
$9,314,345
$2,262,660 |
$13,704,115 |
| 27 |
$26,544,928 |
$9,781,954
$2,375,771 |
$14,387,203 |
| 28 |
$27,872,224 |
$10,273,053
$2,494,564 |
$15,104,607 |
| 29 |
$29,265,984 |
$10,788,744
$2,619,306 |
$15,857,934 |
| 30 |
$30,729,184 |
$11,330,128
$2,750,262 |
$16,648,794 |
|
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