The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 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 Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(8.95%) | $11,285,950 | | Net Lumpsum Payment | $68,196,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$377,178 |
$2,317,488 |
| 2 |
$4,425,120 |
$1,597,625
$396,048 |
$2,431,447 |
| 3 |
$4,646,320 |
$1,679,469
$415,846 |
$2,551,005 |
| 4 |
$4,878,720 |
$1,765,457
$436,645 |
$2,676,618 |
| 5 |
$5,122,600 |
$1,855,692
$458,473 |
$2,808,435 |
| 6 |
$5,378,800 |
$1,950,486
$481,403 |
$2,946,911 |
| 7 |
$5,647,600 |
$2,049,942
$505,460 |
$3,092,198 |
| 8 |
$5,930,120 |
$2,154,475
$530,746 |
$3,244,899 |
| 9 |
$6,226,640 |
$2,264,187
$557,284 |
$3,405,169 |
| 10 |
$6,538,000 |
$2,379,390
$585,151 |
$3,573,459 |
| 11 |
$6,864,760 |
$2,500,292
$614,396 |
$3,750,072 |
| 12 |
$7,208,040 |
$2,627,305
$645,120 |
$3,935,615 |
| 13 |
$7,568,400 |
$2,760,638
$677,372 |
$4,130,390 |
| 14 |
$7,946,960 |
$2,900,706
$711,253 |
$4,335,001 |
| 15 |
$8,344,280 |
$3,047,714
$746,813 |
$4,549,753 |
| 16 |
$8,761,480 |
$3,202,078
$784,152 |
$4,775,250 |
| 17 |
$9,199,400 |
$3,364,108
$823,346 |
$5,011,946 |
| 18 |
$9,659,440 |
$3,534,323
$864,520 |
$5,260,597 |
| 19 |
$10,142,440 |
$3,713,033
$907,748 |
$5,521,659 |
| 20 |
$10,649,520 |
$3,900,653
$953,132 |
$5,795,735 |
| 21 |
$11,182,080 |
$4,097,700
$1,000,796 |
$6,083,584 |
| 22 |
$11,741,240 |
$4,304,589
$1,050,841 |
$6,385,810 |
| 23 |
$12,328,120 |
$4,521,735
$1,103,367 |
$6,703,018 |
| 24 |
$12,944,680 |
$4,749,862
$1,158,549 |
$7,036,269 |
| 25 |
$13,591,760 |
$4,989,282
$1,216,463 |
$7,386,015 |
| 26 |
$14,271,600 |
$5,240,822
$1,277,308 |
$7,753,470 |
| 27 |
$14,985,040 |
$5,504,795
$1,341,161 |
$8,139,084 |
| 28 |
$15,734,320 |
$5,782,029
$1,408,222 |
$8,544,069 |
| 29 |
$16,521,120 |
$6,073,145
$1,478,640 |
$8,969,335 |
| 30 |
$17,347,120 |
$6,378,765
$1,552,567 |
$9,415,788 |
|
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