The jackpot for the MEGA Millions draw on Tue Jul 7, 2026, is projected to be $576 Million, with an option for a cash payout of $253.9 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 Tue Jul 7, 2026 |
|---|
| Draw Date | Tue Jul 7, 2026 | | Projected Jackpot | $576,000,000 | | Cash Value | $253,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $253,900,000 | | Federal Tax(24%) | $60,936,000 | | Additional Federal Tax | $32,967,330 | | State Tax(8.95%) | $22,724,050 | | Net Lumpsum Payment | $137,272,620 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,669,376 |
$3,168,000
$775,909 |
$4,725,467 |
| 2 |
$9,103,104 |
$3,328,479
$814,728 |
$4,959,897 |
| 3 |
$9,558,144 |
$3,496,844
$855,454 |
$5,205,846 |
| 4 |
$10,036,224 |
$3,673,733
$898,242 |
$5,464,249 |
| 5 |
$10,537,920 |
$3,859,361
$943,144 |
$5,735,415 |
| 6 |
$11,064,960 |
$4,054,366
$990,314 |
$6,020,280 |
| 7 |
$11,617,920 |
$4,258,961
$1,039,804 |
$6,319,155 |
| 8 |
$12,199,104 |
$4,473,999
$1,091,820 |
$6,633,285 |
| 9 |
$12,809,088 |
$4,699,693
$1,146,413 |
$6,962,982 |
| 10 |
$13,449,600 |
$4,936,682
$1,203,739 |
$7,309,179 |
| 11 |
$14,121,792 |
$5,185,393
$1,263,900 |
$7,672,499 |
| 12 |
$14,827,968 |
$5,446,679
$1,327,103 |
$8,054,186 |
| 13 |
$15,569,280 |
$5,720,964
$1,393,451 |
$8,454,865 |
| 14 |
$16,348,032 |
$6,009,102
$1,463,149 |
$8,875,781 |
| 15 |
$17,165,376 |
$6,311,520
$1,536,301 |
$9,317,555 |
| 16 |
$18,023,616 |
$6,629,068
$1,613,114 |
$9,781,434 |
| 17 |
$18,924,480 |
$6,962,388
$1,693,741 |
$10,268,351 |
| 18 |
$19,870,848 |
$7,312,544
$1,778,441 |
$10,779,863 |
| 19 |
$20,864,448 |
$7,680,176
$1,867,368 |
$11,316,904 |
| 20 |
$21,907,584 |
$8,066,136
$1,960,729 |
$11,880,719 |
| 21 |
$23,003,136 |
$8,471,491
$2,058,781 |
$12,472,864 |
| 22 |
$24,153,408 |
$8,897,091
$2,161,730 |
$13,094,587 |
| 23 |
$25,360,704 |
$9,343,791
$2,269,783 |
$13,747,130 |
| 24 |
$26,629,056 |
$9,813,081
$2,383,301 |
$14,432,674 |
| 25 |
$27,960,192 |
$10,305,601
$2,502,437 |
$15,152,154 |
| 26 |
$29,358,720 |
$10,823,057
$2,627,605 |
$15,908,058 |
| 27 |
$30,826,368 |
$11,366,087
$2,758,960 |
$16,701,321 |
| 28 |
$32,367,744 |
$11,936,396
$2,896,913 |
$17,534,435 |
| 29 |
$33,986,304 |
$12,535,263
$3,041,774 |
$18,409,267 |
| 30 |
$35,685,504 |
$13,163,967
$3,193,853 |
$19,327,684 |
|
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