The jackpot for the MEGA Millions draw on Fri Jan 30, 2026, is projected to be $303 Million, with an option for a cash payout of $136.7 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 Fri Jan 30, 2026 |
|---|
| Draw Date | Fri Jan 30, 2026 | | Projected Jackpot | $303,000,000 | | Cash Value | $136,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,700,000 | | Federal Tax(24%) | $32,808,000 | | Additional Federal Tax | $17,731,330 | | State Tax(8.95%) | $12,234,650 | | Net Lumpsum Payment | $73,926,020 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,560,453 |
$1,647,698
$408,161 |
$2,504,594 |
| 2 |
$4,788,612 |
$1,732,117
$428,581 |
$2,627,914 |
| 3 |
$5,027,982 |
$1,820,684
$450,004 |
$2,757,294 |
| 4 |
$5,279,472 |
$1,913,735
$472,513 |
$2,893,224 |
| 5 |
$5,543,385 |
$2,011,383
$496,133 |
$3,035,869 |
| 6 |
$5,820,630 |
$2,113,963
$520,946 |
$3,185,721 |
| 7 |
$6,111,510 |
$2,221,589
$546,980 |
$3,342,941 |
| 8 |
$6,417,237 |
$2,334,708
$574,343 |
$3,508,186 |
| 9 |
$6,738,114 |
$2,453,433
$603,061 |
$3,681,620 |
| 10 |
$7,075,050 |
$2,578,099
$633,217 |
$3,863,734 |
| 11 |
$7,428,651 |
$2,708,931
$664,864 |
$4,054,856 |
| 12 |
$7,800,129 |
$2,846,378
$698,112 |
$4,255,639 |
| 13 |
$8,190,090 |
$2,990,664
$733,013 |
$4,466,413 |
| 14 |
$8,599,746 |
$3,142,236
$769,677 |
$4,687,833 |
| 15 |
$9,029,703 |
$3,301,320
$808,158 |
$4,920,225 |
| 16 |
$9,481,173 |
$3,468,364
$848,565 |
$5,164,244 |
| 17 |
$9,955,065 |
$3,643,704
$890,978 |
$5,420,383 |
| 18 |
$10,452,894 |
$3,827,901
$935,534 |
$5,689,459 |
| 19 |
$10,975,569 |
$4,021,291
$982,313 |
$5,971,965 |
| 20 |
$11,524,302 |
$4,224,322
$1,031,425 |
$6,268,555 |
| 21 |
$12,100,608 |
$4,437,555
$1,083,004 |
$6,580,049 |
| 22 |
$12,705,699 |
$4,661,439
$1,137,160 |
$6,907,100 |
| 23 |
$13,340,787 |
$4,896,422
$1,194,000 |
$7,250,365 |
| 24 |
$14,007,993 |
$5,143,288
$1,253,715 |
$7,610,990 |
| 25 |
$14,708,226 |
$5,402,374
$1,316,386 |
$7,989,466 |
| 26 |
$15,443,910 |
$5,674,577
$1,382,230 |
$8,387,103 |
| 27 |
$16,215,954 |
$5,960,233
$1,451,328 |
$8,804,393 |
| 28 |
$17,026,782 |
$6,260,240
$1,523,897 |
$9,242,645 |
| 29 |
$17,878,212 |
$6,575,269
$1,600,100 |
$9,702,843 |
| 30 |
$18,772,062 |
$6,905,993
$1,680,100 |
$10,185,969 |
|
|
