The jackpot for the MEGA Millions draw on Tue Jan 20, 2026, is projected to be $250 Million, with an option for a cash payout of $113.5 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 Tue Jan 20, 2026 |
|---|
| Draw Date | Tue Jan 20, 2026 | | Projected Jackpot | $250,000,000 | | Cash Value | $113,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $113,500,000 | | Federal Tax(24%) | $27,240,000 | | Additional Federal Tax | $14,715,330 | | State Tax(8.95%) | $10,158,250 | | Net Lumpsum Payment | $61,386,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,762,750 |
$1,352,548
$336,766 |
$2,073,436 |
| 2 |
$3,951,000 |
$1,422,200
$353,615 |
$2,175,185 |
| 3 |
$4,148,500 |
$1,495,275
$371,291 |
$2,281,934 |
| 4 |
$4,356,000 |
$1,572,050
$389,862 |
$2,394,088 |
| 5 |
$4,573,750 |
$1,652,618
$409,351 |
$2,511,781 |
| 6 |
$4,802,500 |
$1,737,255
$429,824 |
$2,635,421 |
| 7 |
$5,042,500 |
$1,826,055
$451,304 |
$2,765,141 |
| 8 |
$5,294,750 |
$1,919,388
$473,880 |
$2,901,482 |
| 9 |
$5,559,500 |
$2,017,345
$497,575 |
$3,044,580 |
| 10 |
$5,837,500 |
$2,120,205
$522,456 |
$3,194,839 |
| 11 |
$6,129,250 |
$2,228,153
$548,568 |
$3,352,529 |
| 12 |
$6,435,750 |
$2,341,558
$576,000 |
$3,518,192 |
| 13 |
$6,757,500 |
$2,460,605
$604,796 |
$3,692,099 |
| 14 |
$7,095,500 |
$2,585,665
$635,047 |
$3,874,788 |
| 15 |
$7,450,250 |
$2,716,923
$666,797 |
$4,066,530 |
| 16 |
$7,822,750 |
$2,854,748
$700,136 |
$4,267,866 |
| 17 |
$8,213,750 |
$2,999,418
$735,131 |
$4,479,201 |
| 18 |
$8,624,500 |
$3,151,395
$771,893 |
$4,701,212 |
| 19 |
$9,055,750 |
$3,310,958
$810,490 |
$4,934,302 |
| 20 |
$9,508,500 |
$3,478,475
$851,011 |
$5,179,014 |
| 21 |
$9,984,000 |
$3,654,410
$893,568 |
$5,436,022 |
| 22 |
$10,483,250 |
$3,839,133
$938,251 |
$5,705,866 |
| 23 |
$11,007,250 |
$4,033,013
$985,149 |
$5,989,088 |
| 24 |
$11,557,750 |
$4,236,698
$1,034,419 |
$6,286,633 |
| 25 |
$12,135,500 |
$4,450,465
$1,086,127 |
$6,598,908 |
| 26 |
$12,742,500 |
$4,675,055
$1,140,454 |
$6,926,991 |
| 27 |
$13,379,500 |
$4,910,745
$1,197,465 |
$7,271,290 |
| 28 |
$14,048,500 |
$5,158,275
$1,257,341 |
$7,632,884 |
| 29 |
$14,751,000 |
$5,418,200
$1,320,215 |
$8,012,585 |
| 30 |
$15,488,500 |
$5,691,075
$1,386,221 |
$8,411,204 |
|
|
