The jackpot for the MEGA Millions draw on Tue Mar 3, 2026, is projected to be $473 Million, with an option for a cash payout of $221.8 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 Tue Mar 3, 2026 |
|---|
| Draw Date | Tue Mar 3, 2026 | | Projected Jackpot | $473,000,000 | | Cash Value | $221,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $221,800,000 | | Federal Tax(24%) | $53,232,000 | | Additional Federal Tax | $28,794,330 | | State Tax(8.95%) | $19,851,100 | | Net Lumpsum Payment | $119,922,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,119,123 |
$2,594,406
$637,162 |
$3,887,555 |
| 2 |
$7,475,292 |
$2,726,188
$669,039 |
$4,080,065 |
| 3 |
$7,848,962 |
$2,864,446
$702,482 |
$4,282,034 |
| 4 |
$8,241,552 |
$3,009,705
$737,619 |
$4,494,228 |
| 5 |
$8,653,535 |
$3,162,138
$774,491 |
$4,716,906 |
| 6 |
$9,086,330 |
$3,322,272
$813,227 |
$4,950,831 |
| 7 |
$9,540,410 |
$3,490,282
$853,867 |
$5,196,261 |
| 8 |
$10,017,667 |
$3,666,867
$896,581 |
$5,454,219 |
| 9 |
$10,518,574 |
$3,852,203
$941,412 |
$5,724,959 |
| 10 |
$11,044,550 |
$4,046,814
$988,487 |
$6,009,249 |
| 11 |
$11,596,541 |
$4,251,051
$1,037,890 |
$6,307,600 |
| 12 |
$12,176,439 |
$4,465,613
$1,089,791 |
$6,621,035 |
| 13 |
$12,785,190 |
$4,690,851
$1,144,275 |
$6,950,064 |
| 14 |
$13,424,686 |
$4,927,464
$1,201,509 |
$7,295,713 |
| 15 |
$14,095,873 |
$5,175,803
$1,261,581 |
$7,658,489 |
| 16 |
$14,800,643 |
$5,436,568
$1,324,658 |
$8,039,417 |
| 17 |
$15,540,415 |
$5,710,284
$1,390,867 |
$8,439,264 |
| 18 |
$16,317,554 |
$5,997,825
$1,460,421 |
$8,859,308 |
| 19 |
$17,133,479 |
$6,299,718
$1,533,446 |
$9,300,315 |
| 20 |
$17,990,082 |
$6,616,661
$1,610,112 |
$9,763,309 |
| 21 |
$18,889,728 |
$6,949,530
$1,690,631 |
$10,249,567 |
| 22 |
$19,834,309 |
$7,299,025
$1,775,171 |
$10,760,113 |
| 23 |
$20,825,717 |
$7,665,846
$1,863,902 |
$11,295,969 |
| 24 |
$21,867,263 |
$8,051,218
$1,957,120 |
$11,858,925 |
| 25 |
$22,960,366 |
$8,455,666
$2,054,953 |
$12,449,747 |
| 26 |
$24,108,810 |
$8,880,590
$2,157,738 |
$13,070,482 |
| 27 |
$25,314,014 |
$9,326,516
$2,265,604 |
$13,721,894 |
| 28 |
$26,579,762 |
$9,794,842
$2,378,889 |
$14,406,031 |
| 29 |
$27,908,892 |
$10,286,620
$2,497,846 |
$15,124,426 |
| 30 |
$29,304,242 |
$10,802,900
$2,622,730 |
$15,878,612 |
|
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