North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 15, 2025 is estimated to be $90 Million, with a cash option of 39.9 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of North Carolina, your state will take 4.75% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

North Carolina MEGA Millions Jackpot/Cash Option for Tue Jul 15, 2025

Draw Date	Jackpot	Cash Option
Tue Jul 15, 2025	$90,000,000	$39,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,900,000
Federal Tax(24%)	$9,576,000
Additional Federal Tax	$5,147,330
State Tax(4.75%)	$1,895,250
Net Lumpsum Payment	$23,281,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$64,343	$828,718
2	$1,422,360	-$486,604 -$67,562	$868,194
3	$1,493,460	-$512,911 -$70,939	$909,610
4	$1,568,160	-$540,550 -$74,488	$953,122
5	$1,646,550	-$569,554 -$78,211	$998,785
6	$1,728,900	-$600,023 -$82,123	$1,046,754
7	$1,815,300	-$631,991 -$86,227	$1,097,082
8	$1,906,110	-$665,591 -$90,540	$1,149,979
9	$2,001,420	-$700,856 -$95,067	$1,205,497
10	$2,101,500	-$737,885 -$99,821	$1,263,794
11	$2,206,530	-$776,746 -$104,810	$1,324,974
12	$2,316,870	-$817,572 -$110,051	$1,389,247
13	$2,432,700	-$860,429 -$115,553	$1,456,718
14	$2,554,380	-$905,451 -$121,333	$1,527,596
15	$2,682,090	-$952,704 -$127,399	$1,601,987
16	$2,816,190	-$1,002,321 -$133,769	$1,680,100
17	$2,956,950	-$1,054,402 -$140,455	$1,762,093
18	$3,104,820	-$1,109,114 -$147,479	$1,848,227
19	$3,260,070	-$1,166,556 -$154,853	$1,938,661
20	$3,423,060	-$1,226,863 -$162,595	$2,033,602
21	$3,594,240	-$1,290,199 -$170,726	$2,133,315
22	$3,773,970	-$1,356,699 -$179,264	$2,238,007
23	$3,962,610	-$1,426,496 -$188,224	$2,347,890
24	$4,160,790	-$1,499,823 -$197,638	$2,463,329
25	$4,368,780	-$1,576,779 -$207,517	$2,584,484
26	$4,587,300	-$1,657,631 -$217,897	$2,711,772
27	$4,816,620	-$1,742,480 -$228,789	$2,845,351
28	$5,057,460	-$1,831,591 -$240,229	$2,985,640
29	$5,310,360	-$1,925,164 -$252,242	$3,132,954
30	$5,575,860	-$2,023,399 -$264,853	$3,287,608