The jackpot for the MEGA Millions draw on Fri Jun 26, 2026, is projected to be $489 Million, with an option for a cash payout of $220.9 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 Jun 26, 2026 |
|---|
| Draw Date | Fri Jun 26, 2026 | | Projected Jackpot | $489,000,000 | | Cash Value | $220,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,900,000 | | Federal Tax(24%) | $53,016,000 | | Additional Federal Tax | $28,677,330 | | State Tax(8.95%) | $19,770,550 | | Net Lumpsum Payment | $119,436,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,359,939 |
$2,683,508
$658,715 |
$4,017,716 |
| 2 |
$7,728,156 |
$2,819,748
$691,670 |
$4,216,738 |
| 3 |
$8,114,466 |
$2,962,683
$726,245 |
$4,425,538 |
| 4 |
$8,520,336 |
$3,112,855
$762,570 |
$4,644,911 |
| 5 |
$8,946,255 |
$3,270,445
$800,690 |
$4,875,120 |
| 6 |
$9,393,690 |
$3,435,996
$840,735 |
$5,116,959 |
| 7 |
$9,863,130 |
$3,609,688
$882,750 |
$5,370,692 |
| 8 |
$10,356,531 |
$3,792,247
$926,910 |
$5,637,374 |
| 9 |
$10,874,382 |
$3,983,852
$973,257 |
$5,917,273 |
| 10 |
$11,418,150 |
$4,185,046
$1,021,924 |
$6,211,180 |
| 11 |
$11,988,813 |
$4,396,191
$1,072,999 |
$6,519,623 |
| 12 |
$12,588,327 |
$4,618,011
$1,126,655 |
$6,843,661 |
| 13 |
$13,217,670 |
$4,850,868
$1,182,981 |
$7,183,821 |
| 14 |
$13,878,798 |
$5,095,486
$1,242,152 |
$7,541,160 |
| 15 |
$14,572,689 |
$5,352,225
$1,304,256 |
$7,916,208 |
| 16 |
$15,301,299 |
$5,621,811
$1,369,466 |
$8,310,022 |
| 17 |
$16,066,095 |
$5,904,786
$1,437,916 |
$8,723,393 |
| 18 |
$16,869,522 |
$6,202,054
$1,509,822 |
$9,157,646 |
| 19 |
$17,713,047 |
$6,514,158
$1,585,318 |
$9,613,571 |
| 20 |
$18,598,626 |
$6,841,822
$1,664,577 |
$10,092,227 |
| 21 |
$19,528,704 |
$7,185,951
$1,747,819 |
$10,594,934 |
| 22 |
$20,505,237 |
$7,547,268
$1,835,219 |
$11,122,750 |
| 23 |
$21,530,181 |
$7,926,497
$1,926,951 |
$11,676,733 |
| 24 |
$22,606,959 |
$8,324,905
$2,023,323 |
$12,258,731 |
| 25 |
$23,737,038 |
$8,743,034
$2,124,465 |
$12,869,539 |
| 26 |
$24,924,330 |
$9,182,332
$2,230,728 |
$13,511,270 |
| 27 |
$26,170,302 |
$9,643,342
$2,342,242 |
$14,184,718 |
| 28 |
$27,478,866 |
$10,127,511
$2,459,359 |
$14,891,996 |
| 29 |
$28,852,956 |
$10,635,924
$2,582,340 |
$15,634,692 |
| 30 |
$30,295,506 |
$11,169,668
$2,711,448 |
$16,414,390 |
|
|
