Jackpot Analysis Maryland Mega Millions

Jackpot Analysis for Maryland Mega Millions
The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 Jun 27, 2025
Draw DateFri Jun 27, 2025
Projected Jackpot$348,000,000
Cash Value$155,500,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$155,500,000
Federal Tax(24%)$37,320,000
Additional Federal Tax$20,175,330
State Tax(8.95%)$13,917,250
Net Lumpsum Payment$84,087,420
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $5,237,748 $1,898,297
$468,778
$2,870,673
2 $5,499,792 $1,995,253
$492,231
$3,012,308
3 $5,774,712 $2,096,974
$516,837
$3,160,901
4 $6,063,552 $2,203,845
$542,688
$3,317,019
5 $6,366,660 $2,315,995
$569,816
$3,480,849
6 $6,685,080 $2,433,810
$598,315
$3,652,955
7 $7,019,160 $2,557,420
$628,215
$3,833,525
8 $7,370,292 $2,687,338
$659,641
$4,023,313
9 $7,738,824 $2,823,695
$692,625
$4,222,504
10 $8,125,800 $2,966,876
$727,259
$4,431,665
11 $8,531,916 $3,117,139
$763,606
$4,651,171
12 $8,958,564 $3,274,999
$801,791
$4,881,774
13 $9,406,440 $3,440,713
$841,876
$5,123,851
14 $9,876,936 $3,614,797
$883,986
$5,378,153
15 $10,370,748 $3,797,507
$928,182
$5,645,059
16 $10,889,268 $3,989,360
$974,589
$5,925,319
17 $11,433,540 $4,190,740
$1,023,302
$6,219,498
18 $12,005,304 $4,402,293
$1,074,475
$6,528,536
19 $12,605,604 $4,624,404
$1,128,202
$6,852,998
20 $13,235,832 $4,857,588
$1,184,607
$7,193,637
21 $13,897,728 $5,102,490
$1,243,847
$7,551,391
22 $14,592,684 $5,359,623
$1,306,045
$7,927,016
23 $15,322,092 $5,629,504
$1,371,327
$8,321,261
24 $16,088,388 $5,913,034
$1,439,911
$8,735,443
25 $16,892,616 $6,210,598
$1,511,889
$9,170,129
26 $17,737,560 $6,523,228
$1,587,512
$9,626,820
27 $18,624,264 $6,851,308
$1,666,872
$10,106,084
28 $19,555,512 $7,195,870
$1,750,218
$10,609,424
29 $20,533,392 $7,557,685
$1,837,739
$11,137,968
30 $21,559,992 $7,937,527
$1,929,619
$11,692,846