FTG, most current mag drills come with what's called a Weldon shank - there are different diameters of that type, but most drills will have the 3/4" size - the cutters have a 3/4" round MALE end - the drill has the female, and is set up with two flats that have heavy duty allen head set screws to tighten the cutter in the chuck.
Most do NOT come with a normal 3-jaw chuck, it's usually an extra cost option.
Also, most mag drills can NOT use an add-on 3-jaw UNLESS you can rig a way to raise the drill WITHOUT losing magnetic holding. This is because typical annular cutters are 1" or 2" depth of cut, altho you can find SOME sizes in up to 6" DOC or so.
My Hougen mag drill was available in a "kit" that included a conversion to 3-jaw and a half dozen 2" DOC cutters - the downside is it's a PITA to swap between annular and twist drills, because you need to partially dis-assemble the quill in order to make the chuck high enough above the drilling surface so you have room for a normal twist drill.
My half-*** solution to this was to build a "MDVT" for mine (stands for Mag Drill Vise Table) - there's a pic of it in action in my previous post in this thread.
Hougen has some useful info on their site that should help you get up to speed -
https://www.hougen.com/downloads/08353-Safe-Mag-Drill-Operation-Guide.pdf
https://www.hougen.com/downloads/Hougen_Mag_Drill_&_Annular_Cutter_Guide.pdf
Depending on how many larger than about 7/16" holes you drill, having your own mag drill can make it difficult to "wipe the smile off yer face" every time you drill - for example, my setup lets me drill a 5/8" hole thru 1/4" mild steel in about 21 SECONDS without needing a pilot hole, and it looks like it came off a milling machine. I've drilled 1-1/2" holes in half inch steel in about 40 seconds. Again, no pilot hole, just a center punch where I want the hole - 40 seconds later, done...
There's a cheaper "entry fee" available (normally annular cutters start about $30 and end up well over $200 for REALLY large ones)
https://www.amazon.com/s?k=blair+ro...refix=blair+ro,garden,252&ref=nb_sb_ss_fb_1_8
Those kits can usually get away with being used in a HAND drill; but the actual annular cutters for mag drills do NOT like "side loading" - they will usually show you their unhappiness by ending up in pieces
They CAN sometimes be used in a SOLID drill press with a taper adapter to 3/4" Weldon shank, but a mill is a better plan (preferably a square column or a Bridgeport type)
Here's a few more pics of what I did to get a LOT more use out of my Hougen
https://www.tractorbynet.com/forums...-table-build-6.html?highlight=mag+drill+table
HTH... Steve