The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 Feb 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(8.95%) | $18,177,450 | | Net Lumpsum Payment | $109,815,220 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$590,014 |
$3,602,829 |
| 2 |
$6,922,152 |
$2,521,527
$619,533 |
$3,781,092 |
| 3 |
$7,268,172 |
$2,649,554
$650,501 |
$3,968,117 |
| 4 |
$7,631,712 |
$2,784,064
$683,038 |
$4,164,610 |
| 5 |
$8,013,210 |
$2,925,218
$717,182 |
$4,370,810 |
| 6 |
$8,413,980 |
$3,073,503
$753,051 |
$4,587,426 |
| 7 |
$8,834,460 |
$3,229,081
$790,684 |
$4,814,695 |
| 8 |
$9,276,402 |
$3,392,599
$830,238 |
$5,053,565 |
| 9 |
$9,740,244 |
$3,564,221
$871,752 |
$5,304,271 |
| 10 |
$10,227,300 |
$3,744,431
$915,343 |
$5,567,526 |
| 11 |
$10,738,446 |
$3,933,555
$961,091 |
$5,843,800 |
| 12 |
$11,275,434 |
$4,132,241
$1,009,151 |
$6,134,042 |
| 13 |
$11,839,140 |
$4,340,812
$1,059,603 |
$6,438,725 |
| 14 |
$12,431,316 |
$4,559,917
$1,112,603 |
$6,758,796 |
| 15 |
$13,052,838 |
$4,789,880
$1,168,229 |
$7,094,729 |
| 16 |
$13,705,458 |
$5,031,350
$1,226,638 |
$7,447,470 |
| 17 |
$14,390,490 |
$5,284,812
$1,287,949 |
$7,817,729 |
| 18 |
$15,110,124 |
$5,551,076
$1,352,356 |
$8,206,692 |
| 19 |
$15,865,674 |
$5,830,630
$1,419,978 |
$8,615,066 |
| 20 |
$16,658,892 |
$6,124,120
$1,490,971 |
$9,043,801 |
| 21 |
$17,491,968 |
$6,432,359
$1,565,531 |
$9,494,078 |
| 22 |
$18,366,654 |
$6,755,992
$1,643,816 |
$9,966,846 |
| 23 |
$19,284,702 |
$7,095,670
$1,725,981 |
$10,463,051 |
| 24 |
$20,249,178 |
$7,452,526
$1,812,301 |
$10,984,351 |
| 25 |
$21,261,396 |
$7,827,047
$1,902,895 |
$11,531,454 |
| 26 |
$22,324,860 |
$8,220,529
$1,998,075 |
$12,106,256 |
| 27 |
$23,440,884 |
$8,633,457
$2,097,959 |
$12,709,468 |
| 28 |
$24,612,972 |
$9,067,130
$2,202,861 |
$13,342,981 |
| 29 |
$25,843,752 |
$9,522,519
$2,313,016 |
$14,008,217 |
| 30 |
$27,135,852 |
$10,000,596
$2,428,659 |
$14,706,597 |
|
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