The jackpot for the MEGA Millions draw on Fri Jan 2, 2026, is projected to be $157 Million, with an option for a cash payout of $72 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 Jan 2, 2026 |
|---|
| Draw Date | Fri Jan 2, 2026 | | Projected Jackpot | $157,000,000 | | Cash Value | $72,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $72,000,000 | | Federal Tax(24%) | $17,280,000 | | Additional Federal Tax | $9,320,330 | | State Tax(8.95%) | $6,444,000 | | Net Lumpsum Payment | $38,955,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,363,007 |
$834,643
$211,489 |
$1,316,875 |
| 2 |
$2,481,228 |
$878,385
$222,070 |
$1,380,773 |
| 3 |
$2,605,258 |
$924,276
$233,171 |
$1,447,811 |
| 4 |
$2,735,568 |
$972,491
$244,833 |
$1,518,244 |
| 5 |
$2,872,315 |
$1,023,087
$257,072 |
$1,592,156 |
| 6 |
$3,015,970 |
$1,076,239
$269,929 |
$1,669,802 |
| 7 |
$3,166,690 |
$1,132,006
$283,419 |
$1,751,265 |
| 8 |
$3,325,103 |
$1,190,618
$297,597 |
$1,836,888 |
| 9 |
$3,491,366 |
$1,252,136
$312,477 |
$1,926,753 |
| 10 |
$3,665,950 |
$1,316,732
$328,103 |
$2,021,115 |
| 11 |
$3,849,169 |
$1,384,523
$344,501 |
$2,120,145 |
| 12 |
$4,041,651 |
$1,455,741
$361,728 |
$2,224,182 |
| 13 |
$4,243,710 |
$1,530,503
$379,812 |
$2,333,395 |
| 14 |
$4,455,974 |
$1,609,041
$398,810 |
$2,448,123 |
| 15 |
$4,678,757 |
$1,691,470
$418,749 |
$2,568,538 |
| 16 |
$4,912,687 |
$1,778,025
$439,685 |
$2,694,977 |
| 17 |
$5,158,235 |
$1,868,877
$461,662 |
$2,827,696 |
| 18 |
$5,416,186 |
$1,964,319
$484,749 |
$2,967,118 |
| 19 |
$5,687,011 |
$2,064,524
$508,987 |
$3,113,500 |
| 20 |
$5,971,338 |
$2,169,725
$534,435 |
$3,267,178 |
| 21 |
$6,269,952 |
$2,280,213
$561,161 |
$3,428,578 |
| 22 |
$6,583,481 |
$2,396,218
$589,222 |
$3,598,041 |
| 23 |
$6,912,553 |
$2,517,975
$618,673 |
$3,775,905 |
| 24 |
$7,258,267 |
$2,645,889
$649,615 |
$3,962,763 |
| 25 |
$7,621,094 |
$2,780,135
$682,088 |
$4,158,871 |
| 26 |
$8,002,290 |
$2,921,178
$716,205 |
$4,364,907 |
| 27 |
$8,402,326 |
$3,069,191
$752,008 |
$4,581,127 |
| 28 |
$8,822,458 |
$3,224,640
$789,610 |
$4,808,208 |
| 29 |
$9,263,628 |
$3,387,873
$829,095 |
$5,046,660 |
| 30 |
$9,726,778 |
$3,559,238
$870,547 |
$5,296,993 |
|
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