The jackpot for the MEGA Millions draw on Tue Sep 29, 2026, is projected to be $300 Million, with an option for a cash payout of $124.1 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 Sep 29, 2026 |
|---|
| Draw Date | Tue Sep 29, 2026 | | Projected Jackpot | $300,000,000 | | Cash Value | $124,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,100,000 | | Federal Tax(24%) | $29,784,000 | | Additional Federal Tax | $16,093,330 | | State Tax(8.95%) | $11,106,950 | | Net Lumpsum Payment | $67,115,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,515,300 |
$1,630,991
$404,119 |
$2,480,190 |
| 2 |
$4,741,200 |
$1,714,574
$424,337 |
$2,602,289 |
| 3 |
$4,978,200 |
$1,802,264
$445,549 |
$2,730,387 |
| 4 |
$5,227,200 |
$1,894,394
$467,834 |
$2,864,972 |
| 5 |
$5,488,500 |
$1,991,075
$491,221 |
$3,006,204 |
| 6 |
$5,763,000 |
$2,092,640
$515,789 |
$3,154,571 |
| 7 |
$6,051,000 |
$2,199,200
$541,565 |
$3,310,235 |
| 8 |
$6,353,700 |
$2,311,199
$568,656 |
$3,473,845 |
| 9 |
$6,671,400 |
$2,428,748
$597,090 |
$3,645,562 |
| 10 |
$7,005,000 |
$2,552,180
$626,948 |
$3,825,872 |
| 11 |
$7,355,100 |
$2,681,717
$658,281 |
$4,015,102 |
| 12 |
$7,722,900 |
$2,817,803
$691,200 |
$4,213,897 |
| 13 |
$8,109,000 |
$2,960,660
$725,756 |
$4,422,584 |
| 14 |
$8,514,600 |
$3,110,732
$762,057 |
$4,641,811 |
| 15 |
$8,940,300 |
$3,268,241
$800,157 |
$4,871,902 |
| 16 |
$9,387,300 |
$3,433,631
$840,163 |
$5,113,506 |
| 17 |
$9,856,500 |
$3,607,235
$882,157 |
$5,367,108 |
| 18 |
$10,349,400 |
$3,789,608
$926,271 |
$5,633,521 |
| 19 |
$10,866,900 |
$3,981,083
$972,588 |
$5,913,229 |
| 20 |
$11,410,200 |
$4,182,104
$1,021,213 |
$6,206,883 |
| 21 |
$11,980,800 |
$4,393,226
$1,072,282 |
$6,515,292 |
| 22 |
$12,579,900 |
$4,614,893
$1,125,901 |
$6,839,106 |
| 23 |
$13,208,700 |
$4,847,549
$1,182,179 |
$7,178,972 |
| 24 |
$13,869,300 |
$5,091,971
$1,241,302 |
$7,536,027 |
| 25 |
$14,562,600 |
$5,348,492
$1,303,353 |
$7,910,755 |
| 26 |
$15,291,000 |
$5,618,000
$1,368,545 |
$8,304,455 |
| 27 |
$16,055,400 |
$5,900,828
$1,436,958 |
$8,717,614 |
| 28 |
$16,858,200 |
$6,197,864
$1,508,809 |
$9,151,527 |
| 29 |
$17,701,200 |
$6,509,774
$1,584,257 |
$9,607,169 |
| 30 |
$18,586,200 |
$6,837,224
$1,663,465 |
$10,085,511 |
|
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