The jackpot for the MEGA Millions draw on Fri Oct 10, 2025, is projected to be $575 Million, with an option for a cash payout of $264.6 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 Oct 10, 2025 |
|---|
| Draw Date | Fri Oct 10, 2025 | | Projected Jackpot | $575,000,000 | | Cash Value | $264,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $264,600,000 | | Federal Tax(24%) | $63,504,000 | | Additional Federal Tax | $34,358,330 | | State Tax(8.95%) | $23,681,700 | | Net Lumpsum Payment | $143,055,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,654,325 |
$3,162,431
$774,562 |
$4,717,332 |
| 2 |
$9,087,300 |
$3,322,631
$813,313 |
$4,951,356 |
| 3 |
$9,541,550 |
$3,490,704
$853,969 |
$5,196,877 |
| 4 |
$10,018,800 |
$3,667,286
$896,683 |
$5,454,831 |
| 5 |
$10,519,625 |
$3,852,592
$941,506 |
$5,725,527 |
| 6 |
$11,045,750 |
$4,047,258
$988,595 |
$6,009,897 |
| 7 |
$11,597,750 |
$4,251,498
$1,037,999 |
$6,308,253 |
| 8 |
$12,177,925 |
$4,466,163
$1,089,924 |
$6,621,838 |
| 9 |
$12,786,850 |
$4,691,465
$1,144,423 |
$6,950,962 |
| 10 |
$13,426,250 |
$4,928,043
$1,201,649 |
$7,296,558 |
| 11 |
$14,097,275 |
$5,176,322
$1,261,706 |
$7,659,247 |
| 12 |
$14,802,225 |
$5,437,154
$1,324,799 |
$8,040,272 |
| 13 |
$15,542,250 |
$5,710,963
$1,391,031 |
$8,440,256 |
| 14 |
$16,319,650 |
$5,998,601
$1,460,609 |
$8,860,440 |
| 15 |
$17,135,575 |
$6,300,493
$1,533,634 |
$9,301,448 |
| 16 |
$17,992,325 |
$6,617,491
$1,610,313 |
$9,764,521 |
| 17 |
$18,891,625 |
$6,950,232
$1,690,800 |
$10,250,593 |
| 18 |
$19,836,350 |
$7,299,780
$1,775,353 |
$10,761,217 |
| 19 |
$20,828,225 |
$7,666,774
$1,864,126 |
$11,297,325 |
| 20 |
$21,869,550 |
$8,052,064
$1,957,325 |
$11,860,161 |
| 21 |
$22,963,200 |
$8,456,714
$2,055,206 |
$12,451,280 |
| 22 |
$24,111,475 |
$8,881,576
$2,157,977 |
$13,071,922 |
| 23 |
$25,316,675 |
$9,327,500
$2,265,842 |
$13,723,333 |
| 24 |
$26,582,825 |
$9,795,976
$2,379,163 |
$14,407,686 |
| 25 |
$27,911,650 |
$10,287,641
$2,498,093 |
$15,125,916 |
| 26 |
$29,307,750 |
$10,804,198
$2,623,044 |
$15,880,508 |
| 27 |
$30,772,850 |
$11,346,285
$2,754,170 |
$16,672,395 |
| 28 |
$32,311,550 |
$11,915,604
$2,891,884 |
$17,504,062 |
| 29 |
$33,927,300 |
$12,513,431
$3,036,493 |
$18,377,376 |
| 30 |
$35,623,550 |
$13,141,044
$3,188,308 |
$19,294,198 |
|
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