The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 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 May 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(8.95%) | $10,050,850 | | Net Lumpsum Payment | $60,737,820 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$338,113 |
$2,081,571 |
| 2 |
$3,966,804 |
$1,428,048
$355,029 |
$2,183,727 |
| 3 |
$4,165,094 |
$1,501,415
$372,776 |
$2,290,903 |
| 4 |
$4,373,424 |
$1,578,497
$391,421 |
$2,403,506 |
| 5 |
$4,592,045 |
$1,659,387
$410,988 |
$2,521,670 |
| 6 |
$4,821,710 |
$1,744,363
$431,543 |
$2,645,804 |
| 7 |
$5,062,670 |
$1,833,518
$453,109 |
$2,776,043 |
| 8 |
$5,315,929 |
$1,927,224
$475,776 |
$2,912,929 |
| 9 |
$5,581,738 |
$2,025,573
$499,566 |
$3,056,599 |
| 10 |
$5,860,850 |
$2,128,845
$524,546 |
$3,207,459 |
| 11 |
$6,153,767 |
$2,237,224
$550,762 |
$3,365,781 |
| 12 |
$6,461,493 |
$2,351,083
$578,304 |
$3,532,106 |
| 13 |
$6,784,530 |
$2,470,606
$607,215 |
$3,706,709 |
| 14 |
$7,123,882 |
$2,596,167
$637,587 |
$3,890,128 |
| 15 |
$7,480,051 |
$2,727,949
$669,465 |
$4,082,637 |
| 16 |
$7,854,041 |
$2,866,326
$702,937 |
$4,284,778 |
| 17 |
$8,246,605 |
$3,011,574
$738,071 |
$4,496,960 |
| 18 |
$8,658,998 |
$3,164,160
$774,980 |
$4,719,858 |
| 19 |
$9,091,973 |
$3,324,360
$813,732 |
$4,953,881 |
| 20 |
$9,546,534 |
$3,492,548
$854,415 |
$5,199,571 |
| 21 |
$10,023,936 |
$3,669,187
$897,142 |
$5,457,607 |
| 22 |
$10,525,183 |
$3,854,648
$942,004 |
$5,728,531 |
| 23 |
$11,051,279 |
$4,049,304
$989,089 |
$6,012,886 |
| 24 |
$11,603,981 |
$4,253,803
$1,038,556 |
$6,311,622 |
| 25 |
$12,184,042 |
$4,468,426
$1,090,472 |
$6,625,144 |
| 26 |
$12,793,470 |
$4,693,914
$1,145,016 |
$6,954,540 |
| 27 |
$13,433,018 |
$4,930,547
$1,202,255 |
$7,300,216 |
| 28 |
$14,104,694 |
$5,179,067
$1,262,370 |
$7,663,257 |
| 29 |
$14,810,004 |
$5,440,032
$1,325,495 |
$8,044,477 |
| 30 |
$15,550,454 |
$5,713,998
$1,391,766 |
$8,444,690 |
|
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