The jackpot for the MEGA Millions draw on Fri May 23, 2025, is projected to be $154 Million, with an option for a cash payout of $69 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 May 23, 2025 |
| Draw Date |
Fri May 23, 2025 |
| Projected Jackpot |
$154,000,000 |
| Cash Value |
$69,000,000 |
| Lumpsum Option Taxes and Payment |
| Cash Gross Payment |
$69,000,000 |
| Federal Tax(24%) |
$16,560,000 |
| Additional Federal Tax |
$8,930,330 |
| State Tax(8.95%) |
$6,175,500 |
| Net Lumpsum Payment |
$37,334,170 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$207,448 |
$1,292,470 |
| 2 |
$2,433,816 |
$860,842
$217,827 |
$1,355,147 |
| 3 |
$2,555,476 |
$905,857
$228,715 |
$1,420,904 |
| 4 |
$2,683,296 |
$953,150
$240,155 |
$1,489,991 |
| 5 |
$2,817,430 |
$1,002,779
$252,160 |
$1,562,491 |
| 6 |
$2,958,340 |
$1,054,916
$264,771 |
$1,638,653 |
| 7 |
$3,106,180 |
$1,109,617
$278,003 |
$1,718,560 |
| 8 |
$3,261,566 |
$1,167,110
$291,910 |
$1,802,546 |
| 9 |
$3,424,652 |
$1,227,452
$306,506 |
$1,890,694 |
| 10 |
$3,595,900 |
$1,290,813
$321,833 |
$1,983,254 |
| 11 |
$3,775,618 |
$1,357,309
$337,918 |
$2,080,391 |
| 12 |
$3,964,422 |
$1,427,167
$354,816 |
$2,182,439 |
| 13 |
$4,162,620 |
$1,500,500
$372,554 |
$2,289,566 |
| 14 |
$4,370,828 |
$1,577,537
$391,189 |
$2,402,102 |
| 15 |
$4,589,354 |
$1,658,391
$410,747 |
$2,520,216 |
| 16 |
$4,818,814 |
$1,743,292
$431,284 |
$2,644,238 |
| 17 |
$5,059,670 |
$1,832,408
$452,840 |
$2,774,422 |
| 18 |
$5,312,692 |
$1,926,026
$475,486 |
$2,911,180 |
| 19 |
$5,578,342 |
$2,024,317
$499,262 |
$3,054,763 |
| 20 |
$5,857,236 |
$2,127,508
$524,223 |
$3,205,505 |
| 21 |
$6,150,144 |
$2,235,884
$550,438 |
$3,363,822 |
| 22 |
$6,457,682 |
$2,349,673
$577,963 |
$3,530,046 |
| 23 |
$6,780,466 |
$2,469,103
$606,852 |
$3,704,511 |
| 24 |
$7,119,574 |
$2,594,573
$637,202 |
$3,887,799 |
| 25 |
$7,475,468 |
$2,726,254
$669,054 |
$4,080,160 |
| 26 |
$7,849,380 |
$2,864,601
$702,520 |
$4,282,259 |
| 27 |
$8,241,772 |
$3,009,786
$737,639 |
$4,494,347 |
| 28 |
$8,653,876 |
$3,162,265
$774,522 |
$4,717,089 |
| 29 |
$9,086,616 |
$3,322,378
$813,252 |
$4,950,986 |
| 30 |
$9,540,916 |
$3,490,469
$853,912 |
$5,196,535 |
|
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