The jackpot for the MEGA Millions draw on Tue Jul 21, 2026, is projected to be $707 Million, with an option for a cash payout of $307.7 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 Jul 21, 2026 |
|---|
| Draw Date | Tue Jul 21, 2026 | | Projected Jackpot | $707,000,000 | | Cash Value | $307,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $307,700,000 | | Federal Tax(24%) | $73,848,000 | | Additional Federal Tax | $39,961,330 | | State Tax(8.95%) | $27,539,150 | | Net Lumpsum Payment | $166,351,520 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,641,057 |
$3,897,521
$952,375 |
$5,791,161 |
| 2 |
$11,173,428 |
$4,094,499
$1,000,022 |
$6,078,907 |
| 3 |
$11,731,958 |
$4,301,155
$1,050,010 |
$6,380,793 |
| 4 |
$12,318,768 |
$4,518,275
$1,102,530 |
$6,697,963 |
| 5 |
$12,934,565 |
$4,746,119
$1,157,644 |
$7,030,802 |
| 6 |
$13,581,470 |
$4,985,474
$1,215,542 |
$7,380,454 |
| 7 |
$14,260,190 |
$5,236,601
$1,276,287 |
$7,747,302 |
| 8 |
$14,973,553 |
$5,500,545
$1,340,133 |
$8,132,875 |
| 9 |
$15,722,266 |
$5,777,569
$1,407,143 |
$8,537,554 |
| 10 |
$16,508,450 |
$6,068,457
$1,477,506 |
$8,962,487 |
| 11 |
$17,333,519 |
$6,373,732
$1,551,350 |
$9,408,437 |
| 12 |
$18,200,301 |
$6,694,442
$1,628,927 |
$9,876,932 |
| 13 |
$19,110,210 |
$7,031,108
$1,710,364 |
$10,368,738 |
| 14 |
$20,066,074 |
$7,384,778
$1,795,914 |
$10,885,382 |
| 15 |
$21,069,307 |
$7,755,974
$1,885,703 |
$11,427,630 |
| 16 |
$22,122,737 |
$8,145,743
$1,979,985 |
$11,997,009 |
| 17 |
$23,228,485 |
$8,554,870
$2,078,949 |
$12,594,666 |
| 18 |
$24,390,086 |
$8,984,662
$2,182,913 |
$13,222,511 |
| 19 |
$25,609,661 |
$9,435,905
$2,292,065 |
$13,881,691 |
| 20 |
$26,890,038 |
$9,909,644
$2,406,658 |
$14,573,736 |
| 21 |
$28,234,752 |
$10,407,189
$2,527,010 |
$15,300,553 |
| 22 |
$29,646,631 |
$10,929,584
$2,653,373 |
$16,063,674 |
| 23 |
$31,128,503 |
$11,477,876
$2,786,001 |
$16,864,626 |
| 24 |
$32,685,317 |
$12,053,898
$2,925,336 |
$17,706,083 |
| 25 |
$34,319,194 |
$12,658,432
$3,071,568 |
$18,589,194 |
| 26 |
$36,035,790 |
$13,293,573
$3,225,203 |
$19,517,014 |
| 27 |
$37,837,226 |
$13,960,104
$3,386,432 |
$20,490,690 |
| 28 |
$39,729,158 |
$14,660,119
$3,555,760 |
$21,513,279 |
| 29 |
$41,715,828 |
$15,395,187
$3,733,567 |
$22,587,074 |
| 30 |
$43,801,478 |
$16,166,877
$3,920,232 |
$23,714,369 |
|
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