Jackpot Analysis Maryland Mega Millions

Jackpot Analysis for Maryland Mega Millions
The jackpot for the MEGA Millions draw on Tue Dec 9, 2025, is projected to be $60 Million, with an option for a cash payout of $27.4 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 Dec 9, 2025
Draw DateTue Dec 9, 2025
Projected Jackpot$60,000,000
Cash Value$27,400,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$27,400,000
Federal Tax(24%)$6,576,000
Additional Federal Tax$3,522,330
State Tax(8.95%)$2,452,300
Net Lumpsum Payment$14,849,370
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $903,060 $294,463
$80,824
$527,773
2 $948,240 $311,179
$84,867
$552,194
3 $995,640 $328,717
$89,110
$577,813
4 $1,045,440 $347,143
$93,567
$604,730
5 $1,097,700 $366,479
$98,244
$632,977
6 $1,152,600 $386,792
$103,158
$662,650
7 $1,210,200 $408,104
$108,313
$693,783
8 $1,270,740 $430,504
$113,731
$726,505
9 $1,334,280 $454,014
$119,418
$760,848
10 $1,401,000 $478,700
$125,390
$796,910
11 $1,471,020 $504,608
$131,656
$834,756
12 $1,544,580 $531,825
$138,240
$874,515
13 $1,621,800 $560,396
$145,151
$916,253
14 $1,702,920 $590,411
$152,411
$960,098
15 $1,788,060 $621,913
$160,031
$1,006,116
16 $1,877,460 $654,991
$168,033
$1,054,436
17 $1,971,300 $689,711
$176,431
$1,105,158
18 $2,069,880 $726,186
$185,254
$1,158,440
19 $2,173,380 $764,481
$194,518
$1,214,381
20 $2,282,040 $804,685
$204,243
$1,273,112
21 $2,396,160 $846,910
$214,456
$1,334,794
22 $2,515,980 $891,243
$225,180
$1,399,557
23 $2,641,740 $937,774
$236,436
$1,467,530
24 $2,773,860 $986,659
$248,260
$1,538,941
25 $2,912,520 $1,037,963
$260,671
$1,613,886
26 $3,058,200 $1,091,864
$273,709
$1,692,627
27 $3,211,080 $1,148,430
$287,392
$1,775,258
28 $3,371,640 $1,207,837
$301,762
$1,862,041
29 $3,540,240 $1,270,219
$316,851
$1,953,170
30 $3,717,240 $1,335,709
$332,693
$2,048,838