The jackpot for the MEGA Millions draw on Tue Oct 6, 2026, is projected to be $345 Million, with an option for a cash payout of $139.6 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 Oct 6, 2026 |
|---|
| Draw Date | Tue Oct 6, 2026 | | Projected Jackpot | $345,000,000 | | Cash Value | $139,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $139,600,000 | | Federal Tax(24%) | $33,504,000 | | Additional Federal Tax | $18,108,330 | | State Tax(8.95%) | $12,494,200 | | Net Lumpsum Payment | $75,493,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,192,595 |
$1,881,591
$464,737 |
$2,846,267 |
| 2 |
$5,452,380 |
$1,977,711
$487,988 |
$2,986,681 |
| 3 |
$5,724,930 |
$2,078,554
$512,381 |
$3,133,995 |
| 4 |
$6,011,280 |
$2,184,504
$538,010 |
$3,288,766 |
| 5 |
$6,311,775 |
$2,295,687
$564,904 |
$3,451,184 |
| 6 |
$6,627,450 |
$2,412,487
$593,157 |
$3,621,806 |
| 7 |
$6,958,650 |
$2,535,031
$622,799 |
$3,800,820 |
| 8 |
$7,306,755 |
$2,663,830
$653,955 |
$3,988,970 |
| 9 |
$7,672,110 |
$2,799,011
$686,654 |
$4,186,445 |
| 10 |
$8,055,750 |
$2,940,958
$720,990 |
$4,393,802 |
| 11 |
$8,458,365 |
$3,089,925
$757,024 |
$4,611,416 |
| 12 |
$8,881,335 |
$3,246,424
$794,879 |
$4,840,032 |
| 13 |
$9,325,350 |
$3,410,710
$834,619 |
$5,080,021 |
| 14 |
$9,791,790 |
$3,583,293
$876,365 |
$5,332,132 |
| 15 |
$10,281,345 |
$3,764,428
$920,180 |
$5,596,737 |
| 16 |
$10,795,395 |
$3,954,627
$966,188 |
$5,874,580 |
| 17 |
$11,334,975 |
$4,154,271
$1,014,480 |
$6,166,224 |
| 18 |
$11,901,810 |
$4,364,000
$1,065,212 |
$6,472,598 |
| 19 |
$12,496,935 |
$4,584,196
$1,118,476 |
$6,794,263 |
| 20 |
$13,121,730 |
$4,815,370
$1,174,395 |
$7,131,965 |
| 21 |
$13,777,920 |
$5,058,161
$1,233,124 |
$7,486,635 |
| 22 |
$14,466,885 |
$5,313,078
$1,294,786 |
$7,859,021 |
| 23 |
$15,190,005 |
$5,580,632
$1,359,505 |
$8,249,868 |
| 24 |
$15,949,695 |
$5,861,718
$1,427,498 |
$8,660,479 |
| 25 |
$16,746,990 |
$6,156,717
$1,498,856 |
$9,091,417 |
| 26 |
$17,584,650 |
$6,466,651
$1,573,826 |
$9,544,173 |
| 27 |
$18,463,710 |
$6,791,903
$1,652,502 |
$10,019,305 |
| 28 |
$19,386,930 |
$7,133,494
$1,735,130 |
$10,518,306 |
| 29 |
$20,356,380 |
$7,492,191
$1,821,896 |
$11,042,293 |
| 30 |
$21,374,130 |
$7,868,758
$1,912,985 |
$11,592,387 |
|
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