The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(8.95%) | $8,055,000 | | Net Lumpsum Payment | $48,684,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$272,107 |
$1,682,953 |
| 2 |
$3,192,408 |
$1,141,521
$285,721 |
$1,765,166 |
| 3 |
$3,351,988 |
$1,200,566
$300,003 |
$1,851,419 |
| 4 |
$3,519,648 |
$1,262,600
$315,008 |
$1,942,040 |
| 5 |
$3,695,590 |
$1,327,699
$330,755 |
$2,037,136 |
| 6 |
$3,880,420 |
$1,396,086
$347,298 |
$2,137,036 |
| 7 |
$4,074,340 |
$1,467,836
$364,653 |
$2,241,851 |
| 8 |
$4,278,158 |
$1,543,249
$382,895 |
$2,352,014 |
| 9 |
$4,492,076 |
$1,622,399
$402,041 |
$2,467,636 |
| 10 |
$4,716,700 |
$1,705,509
$422,145 |
$2,589,046 |
| 11 |
$4,952,434 |
$1,792,731
$443,243 |
$2,716,460 |
| 12 |
$5,200,086 |
$1,884,362
$465,408 |
$2,850,316 |
| 13 |
$5,460,060 |
$1,980,553
$488,675 |
$2,990,832 |
| 14 |
$5,733,164 |
$2,081,601
$513,118 |
$3,138,445 |
| 15 |
$6,019,802 |
$2,187,657
$538,772 |
$3,293,373 |
| 16 |
$6,320,782 |
$2,299,020
$565,710 |
$3,456,052 |
| 17 |
$6,636,710 |
$2,415,913
$593,986 |
$3,626,811 |
| 18 |
$6,968,596 |
$2,538,711
$623,689 |
$3,806,196 |
| 19 |
$7,317,046 |
$2,667,637
$654,876 |
$3,994,533 |
| 20 |
$7,682,868 |
$2,802,992
$687,617 |
$4,192,259 |
| 21 |
$8,067,072 |
$2,945,147
$722,003 |
$4,399,922 |
| 22 |
$8,470,466 |
$3,094,403
$758,107 |
$4,617,956 |
| 23 |
$8,893,858 |
$3,251,058
$796,000 |
$4,846,800 |
| 24 |
$9,338,662 |
$3,415,635
$835,810 |
$5,087,217 |
| 25 |
$9,805,484 |
$3,588,359
$877,591 |
$5,339,534 |
| 26 |
$10,295,940 |
$3,769,828
$921,487 |
$5,604,625 |
| 27 |
$10,810,636 |
$3,960,266
$967,552 |
$5,882,818 |
| 28 |
$11,351,188 |
$4,160,270
$1,015,931 |
$6,174,987 |
| 29 |
$11,918,808 |
$4,370,289
$1,066,733 |
$6,481,786 |
| 30 |
$12,514,708 |
$4,590,772
$1,120,066 |
$6,803,870 |
|
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