The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 Million, with an option for a cash payout of $128.6 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 Fri May 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(8.95%) | $11,509,700 | | Net Lumpsum Payment | $69,547,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,455,096 |
$1,608,716
$398,731 |
$2,447,649 |
| 2 |
$4,677,984 |
$1,691,184
$418,680 |
$2,568,120 |
| 3 |
$4,911,824 |
$1,777,705
$439,608 |
$2,694,511 |
| 4 |
$5,157,504 |
$1,868,607
$461,597 |
$2,827,300 |
| 5 |
$5,415,320 |
$1,963,999
$484,671 |
$2,966,650 |
| 6 |
$5,686,160 |
$2,064,210
$508,911 |
$3,113,039 |
| 7 |
$5,970,320 |
$2,169,349
$534,344 |
$3,266,627 |
| 8 |
$6,268,984 |
$2,279,854
$561,074 |
$3,428,056 |
| 9 |
$6,582,448 |
$2,395,836
$589,129 |
$3,597,483 |
| 10 |
$6,911,600 |
$2,517,622
$618,588 |
$3,775,390 |
| 11 |
$7,257,032 |
$2,645,432
$649,504 |
$3,962,096 |
| 12 |
$7,619,928 |
$2,779,704
$681,984 |
$4,158,240 |
| 13 |
$8,000,880 |
$2,920,656
$716,079 |
$4,364,145 |
| 14 |
$8,401,072 |
$3,068,727
$751,896 |
$4,580,449 |
| 15 |
$8,821,096 |
$3,224,136
$789,488 |
$4,807,472 |
| 16 |
$9,262,136 |
$3,387,321
$828,961 |
$5,045,854 |
| 17 |
$9,725,080 |
$3,558,610
$870,395 |
$5,296,075 |
| 18 |
$10,211,408 |
$3,738,551
$913,921 |
$5,558,936 |
| 19 |
$10,722,008 |
$3,927,473
$959,620 |
$5,834,915 |
| 20 |
$11,258,064 |
$4,125,814
$1,007,597 |
$6,124,653 |
| 21 |
$11,821,056 |
$4,334,121
$1,057,985 |
$6,428,950 |
| 22 |
$12,412,168 |
$4,552,833
$1,110,889 |
$6,748,446 |
| 23 |
$13,032,584 |
$4,782,386
$1,166,416 |
$7,083,782 |
| 24 |
$13,684,376 |
$5,023,550
$1,224,752 |
$7,436,074 |
| 25 |
$14,368,432 |
$5,276,650
$1,285,975 |
$7,805,807 |
| 26 |
$15,087,120 |
$5,542,565
$1,350,297 |
$8,194,258 |
| 27 |
$15,841,328 |
$5,821,622
$1,417,799 |
$8,601,907 |
| 28 |
$16,633,424 |
$6,114,697
$1,488,691 |
$9,030,036 |
| 29 |
$17,465,184 |
$6,422,448
$1,563,134 |
$9,479,602 |
| 30 |
$18,338,384 |
$6,745,532
$1,641,285 |
$9,951,567 |
|
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