The jackpot for the MEGA Millions draw on Tue Apr 15, 2025, is projected to be $96 Million, with an option for a cash payout of $42.2 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 Apr 15, 2025 |
|---|
| Draw Date | Tue Apr 15, 2025 | | Projected Jackpot | $96,000,000 | | Cash Value | $42,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $42,200,000 | | Federal Tax(24%) | $10,128,000 | | Additional Federal Tax | $5,446,330 | | State Tax(8.95%) | $3,776,900 | | Net Lumpsum Payment | $22,848,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,444,896 |
$494,942
$129,318 |
$820,636 |
| 2 |
$1,517,184 |
$521,688
$135,788 |
$859,708 |
| 3 |
$1,593,024 |
$549,749
$142,576 |
$900,699 |
| 4 |
$1,672,704 |
$579,231
$149,707 |
$943,766 |
| 5 |
$1,756,320 |
$610,169
$157,191 |
$988,960 |
| 6 |
$1,844,160 |
$642,670
$165,052 |
$1,036,438 |
| 7 |
$1,936,320 |
$676,769
$173,301 |
$1,086,250 |
| 8 |
$2,033,184 |
$712,608
$181,970 |
$1,138,606 |
| 9 |
$2,134,848 |
$750,224
$191,069 |
$1,193,555 |
| 10 |
$2,241,600 |
$789,722
$200,623 |
$1,251,255 |
| 11 |
$2,353,632 |
$831,174
$210,650 |
$1,311,808 |
| 12 |
$2,471,328 |
$874,722
$221,184 |
$1,375,422 |
| 13 |
$2,594,880 |
$920,436
$232,242 |
$1,442,202 |
| 14 |
$2,724,672 |
$968,459
$243,858 |
$1,512,355 |
| 15 |
$2,860,896 |
$1,018,862
$256,050 |
$1,585,984 |
| 16 |
$3,003,936 |
$1,071,787
$268,852 |
$1,663,297 |
| 17 |
$3,154,080 |
$1,127,340
$282,290 |
$1,744,450 |
| 18 |
$3,311,808 |
$1,185,699
$296,407 |
$1,829,702 |
| 19 |
$3,477,408 |
$1,246,971
$311,228 |
$1,919,209 |
| 20 |
$3,651,264 |
$1,311,298
$326,788 |
$2,013,178 |
| 21 |
$3,833,856 |
$1,378,857
$343,130 |
$2,111,869 |
| 22 |
$4,025,568 |
$1,449,791
$360,288 |
$2,215,489 |
| 23 |
$4,226,784 |
$1,524,240
$378,297 |
$2,324,247 |
| 24 |
$4,438,176 |
$1,602,456
$397,217 |
$2,438,503 |
| 25 |
$4,660,032 |
$1,684,542
$417,073 |
$2,558,417 |
| 26 |
$4,893,120 |
$1,770,785
$437,934 |
$2,684,401 |
| 27 |
$5,137,728 |
$1,861,290
$459,827 |
$2,816,611 |
| 28 |
$5,394,624 |
$1,956,341
$482,819 |
$2,955,464 |
| 29 |
$5,664,384 |
$2,056,152
$506,962 |
$3,101,270 |
| 30 |
$5,947,584 |
$2,160,936
$532,309 |
$3,254,339 |
|
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