The jackpot for the MEGA Millions draw on Fri Jan 9, 2026, is projected to be $199 Million, with an option for a cash payout of $90.5 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 Jan 9, 2026 |
|---|
| Draw Date | Fri Jan 9, 2026 | | Projected Jackpot | $199,000,000 | | Cash Value | $90,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,500,000 | | Federal Tax(24%) | $21,720,000 | | Additional Federal Tax | $11,725,330 | | State Tax(8.95%) | $8,099,750 | | Net Lumpsum Payment | $48,954,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,995,149 |
$1,068,536
$268,066 |
$1,658,547 |
| 2 |
$3,144,996 |
$1,123,979
$281,477 |
$1,739,540 |
| 3 |
$3,302,206 |
$1,182,147
$295,547 |
$1,824,512 |
| 4 |
$3,467,376 |
$1,243,260
$310,330 |
$1,913,786 |
| 5 |
$3,640,705 |
$1,307,391
$325,843 |
$2,007,471 |
| 6 |
$3,822,790 |
$1,374,763
$342,140 |
$2,105,887 |
| 7 |
$4,013,830 |
$1,445,447
$359,238 |
$2,209,145 |
| 8 |
$4,214,621 |
$1,519,740
$377,209 |
$2,317,672 |
| 9 |
$4,425,362 |
$1,597,714
$396,070 |
$2,431,578 |
| 10 |
$4,646,650 |
$1,679,591
$415,875 |
$2,551,184 |
| 11 |
$4,878,883 |
$1,765,517
$436,660 |
$2,676,706 |
| 12 |
$5,122,857 |
$1,855,787
$458,496 |
$2,808,574 |
| 13 |
$5,378,970 |
$1,950,549
$481,418 |
$2,947,003 |
| 14 |
$5,648,018 |
$2,050,097
$505,498 |
$3,092,423 |
| 15 |
$5,930,399 |
$2,154,578
$530,771 |
$3,245,050 |
| 16 |
$6,226,909 |
$2,264,287
$557,308 |
$3,405,314 |
| 17 |
$6,538,145 |
$2,379,444
$585,164 |
$3,573,537 |
| 18 |
$6,865,102 |
$2,500,418
$614,427 |
$3,750,257 |
| 19 |
$7,208,377 |
$2,627,430
$645,150 |
$3,935,797 |
| 20 |
$7,568,766 |
$2,760,774
$677,405 |
$4,130,587 |
| 21 |
$7,947,264 |
$2,900,818
$711,280 |
$4,335,166 |
| 22 |
$8,344,667 |
$3,047,857
$746,848 |
$4,549,962 |
| 23 |
$8,761,771 |
$3,202,186
$784,179 |
$4,775,406 |
| 24 |
$9,199,969 |
$3,364,319
$823,397 |
$5,012,253 |
| 25 |
$9,659,858 |
$3,534,478
$864,557 |
$5,260,823 |
| 26 |
$10,143,030 |
$3,713,251
$907,801 |
$5,521,978 |
| 27 |
$10,650,082 |
$3,900,861
$953,182 |
$5,796,039 |
| 28 |
$11,182,606 |
$4,097,895
$1,000,843 |
$6,083,868 |
| 29 |
$11,741,796 |
$4,304,795
$1,050,891 |
$6,386,110 |
| 30 |
$12,328,846 |
$4,522,003
$1,103,432 |
$6,703,411 |
|
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