The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Aug 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(8.95%) | $6,730,400 | | Net Lumpsum Payment | $40,685,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$223,613 |
$1,390,090 |
| 2 |
$2,623,464 |
$931,012
$234,800 |
$1,457,652 |
| 3 |
$2,754,604 |
$979,534
$246,537 |
$1,528,533 |
| 4 |
$2,892,384 |
$1,030,512
$258,868 |
$1,603,004 |
| 5 |
$3,036,970 |
$1,084,009
$271,809 |
$1,681,152 |
| 6 |
$3,188,860 |
$1,140,209
$285,403 |
$1,763,248 |
| 7 |
$3,348,220 |
$1,199,172
$299,666 |
$1,849,382 |
| 8 |
$3,515,714 |
$1,261,145
$314,656 |
$1,939,913 |
| 9 |
$3,691,508 |
$1,326,188
$330,390 |
$2,034,930 |
| 10 |
$3,876,100 |
$1,394,487
$346,911 |
$2,134,702 |
| 11 |
$4,069,822 |
$1,466,165
$364,249 |
$2,239,408 |
| 12 |
$4,273,338 |
$1,541,465
$382,464 |
$2,349,409 |
| 13 |
$4,486,980 |
$1,620,513
$401,585 |
$2,464,882 |
| 14 |
$4,711,412 |
$1,703,553
$421,671 |
$2,586,188 |
| 15 |
$4,946,966 |
$1,790,708
$442,753 |
$2,713,505 |
| 16 |
$5,194,306 |
$1,882,224
$464,890 |
$2,847,192 |
| 17 |
$5,453,930 |
$1,978,284
$488,127 |
$2,987,519 |
| 18 |
$5,726,668 |
$2,079,198
$512,537 |
$3,134,933 |
| 19 |
$6,013,018 |
$2,185,147
$538,165 |
$3,289,706 |
| 20 |
$6,313,644 |
$2,296,379
$565,071 |
$3,452,194 |
| 21 |
$6,629,376 |
$2,413,200
$593,329 |
$3,622,847 |
| 22 |
$6,960,878 |
$2,535,855
$622,999 |
$3,802,024 |
| 23 |
$7,308,814 |
$2,664,592
$654,139 |
$3,990,083 |
| 24 |
$7,674,346 |
$2,799,838
$686,854 |
$4,187,654 |
| 25 |
$8,057,972 |
$2,941,780
$721,188 |
$4,395,004 |
| 26 |
$8,461,020 |
$3,090,908
$757,261 |
$4,612,851 |
| 27 |
$8,883,988 |
$3,247,406
$795,117 |
$4,841,465 |
| 28 |
$9,328,204 |
$3,411,766
$834,874 |
$5,081,564 |
| 29 |
$9,794,664 |
$3,584,356
$876,622 |
$5,333,686 |
| 30 |
$10,284,364 |
$3,765,545
$920,451 |
$5,598,368 |
|
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