The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 Oct 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(8.95%) | $29,901,950 | | Net Lumpsum Payment | $180,620,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$961,804 |
$5,848,106 |
| 2 |
$11,284,056 |
$4,135,431
$1,009,923 |
$6,138,702 |
| 3 |
$11,848,116 |
$4,344,133
$1,060,406 |
$6,443,577 |
| 4 |
$12,440,736 |
$4,563,403
$1,113,446 |
$6,763,887 |
| 5 |
$13,062,630 |
$4,793,503
$1,169,105 |
$7,100,022 |
| 6 |
$13,715,940 |
$5,035,228
$1,227,577 |
$7,453,135 |
| 7 |
$14,401,380 |
$5,288,841
$1,288,924 |
$7,823,615 |
| 8 |
$15,121,806 |
$5,555,399
$1,353,402 |
$8,213,005 |
| 9 |
$15,877,932 |
$5,835,165
$1,421,075 |
$8,621,692 |
| 10 |
$16,671,900 |
$6,128,933
$1,492,135 |
$9,050,832 |
| 11 |
$17,505,138 |
$6,437,231
$1,566,710 |
$9,501,197 |
| 12 |
$18,380,502 |
$6,761,116
$1,645,055 |
$9,974,331 |
| 13 |
$19,299,420 |
$7,101,116
$1,727,298 |
$10,471,006 |
| 14 |
$20,264,748 |
$7,458,287
$1,813,695 |
$10,992,766 |
| 15 |
$21,277,914 |
$7,833,159
$1,904,373 |
$11,540,382 |
| 16 |
$22,341,774 |
$8,226,787
$1,999,589 |
$12,115,398 |
| 17 |
$23,458,470 |
$8,639,964
$2,099,533 |
$12,718,973 |
| 18 |
$24,631,572 |
$9,074,012
$2,204,526 |
$13,353,034 |
| 19 |
$25,863,222 |
$9,529,723
$2,314,758 |
$14,018,741 |
| 20 |
$27,156,276 |
$10,008,153
$2,430,487 |
$14,717,636 |
| 21 |
$28,514,304 |
$10,510,623
$2,552,030 |
$15,451,651 |
| 22 |
$29,940,162 |
$11,038,190
$2,679,644 |
$16,222,328 |
| 23 |
$31,436,706 |
$11,591,912
$2,813,585 |
$17,031,209 |
| 24 |
$33,008,934 |
$12,173,636
$2,954,300 |
$17,880,998 |
| 25 |
$34,658,988 |
$12,784,156
$3,101,979 |
$18,772,853 |
| 26 |
$36,392,580 |
$13,425,585
$3,257,136 |
$19,709,859 |
| 27 |
$38,211,852 |
$14,098,716
$3,419,961 |
$20,693,175 |
| 28 |
$40,122,516 |
$14,805,661
$3,590,965 |
$21,725,890 |
| 29 |
$42,128,856 |
$15,548,007
$3,770,533 |
$22,810,316 |
| 30 |
$44,235,156 |
$16,327,338
$3,959,046 |
$23,948,772 |
|
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