The jackpot for the MEGA Millions draw on Fri Oct 24, 2025, is projected to be $680 Million, with an option for a cash payout of $318.2 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 Oct 24, 2025 |
|---|
| Draw Date | Fri Oct 24, 2025 | | Projected Jackpot | $680,000,000 | | Cash Value | $318,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $318,200,000 | | Federal Tax(24%) | $76,368,000 | | Additional Federal Tax | $41,326,330 | | State Tax(8.95%) | $28,478,900 | | Net Lumpsum Payment | $172,026,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,234,680 |
$3,747,162
$916,004 |
$5,571,514 |
| 2 |
$10,746,720 |
$3,936,617
$961,831 |
$5,848,272 |
| 3 |
$11,283,920 |
$4,135,381
$1,009,911 |
$6,138,628 |
| 4 |
$11,848,320 |
$4,344,209
$1,060,425 |
$6,443,686 |
| 5 |
$12,440,600 |
$4,563,352
$1,113,434 |
$6,763,814 |
| 6 |
$13,062,800 |
$4,793,566
$1,169,121 |
$7,100,113 |
| 7 |
$13,715,600 |
$5,035,102
$1,227,546 |
$7,452,952 |
| 8 |
$14,401,720 |
$5,288,967
$1,288,954 |
$7,823,799 |
| 9 |
$15,121,840 |
$5,555,411
$1,353,405 |
$8,213,024 |
| 10 |
$15,878,000 |
$5,835,190
$1,421,081 |
$8,621,729 |
| 11 |
$16,671,560 |
$6,128,808
$1,492,105 |
$9,050,647 |
| 12 |
$17,505,240 |
$6,437,269
$1,566,719 |
$9,501,252 |
| 13 |
$18,380,400 |
$6,761,078
$1,645,046 |
$9,974,276 |
| 14 |
$19,299,760 |
$7,101,242
$1,727,329 |
$10,471,189 |
| 15 |
$20,264,680 |
$7,458,262
$1,813,689 |
$10,992,729 |
| 16 |
$21,277,880 |
$7,833,146
$1,904,370 |
$11,540,364 |
| 17 |
$22,341,400 |
$8,226,648
$1,999,555 |
$12,115,197 |
| 18 |
$23,458,640 |
$8,640,027
$2,099,548 |
$12,719,065 |
| 19 |
$24,631,640 |
$9,074,037
$2,204,532 |
$13,353,071 |
| 20 |
$25,863,120 |
$9,529,685
$2,314,749 |
$14,018,686 |
| 21 |
$27,156,480 |
$10,008,228
$2,430,505 |
$14,717,747 |
| 22 |
$28,514,440 |
$10,510,673
$2,552,042 |
$15,451,725 |
| 23 |
$29,939,720 |
$11,038,027
$2,679,605 |
$16,222,088 |
| 24 |
$31,437,080 |
$11,592,050
$2,813,619 |
$17,031,411 |
| 25 |
$33,008,560 |
$12,173,498
$2,954,266 |
$17,880,796 |
| 26 |
$34,659,600 |
$12,784,382
$3,102,034 |
$18,773,184 |
| 27 |
$36,392,240 |
$13,425,459
$3,257,105 |
$19,709,676 |
| 28 |
$38,211,920 |
$14,098,741
$3,419,967 |
$20,693,212 |
| 29 |
$40,122,720 |
$14,805,737
$3,590,983 |
$21,726,000 |
| 30 |
$42,128,720 |
$15,547,957
$3,770,520 |
$22,810,243 |
|
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