North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 30, 2025 is estimated to be $189 Million, with a cash option of 82.7 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 Fri May 30, 2025

Draw Date	Jackpot	Cash Option
Fri May 30, 2025	$189,000,000	$82,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,700,000
Federal Tax(24%)	$19,848,000
Additional Federal Tax	$10,711,330
State Tax(4.75%)	$3,928,250
Net Lumpsum Payment	$48,212,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,844,639	-$1,012,847 -$135,120	$1,696,672
2	$2,986,956	-$1,065,504 -$141,880	$1,779,572
3	$3,136,266	-$1,120,749 -$148,973	$1,866,544
4	$3,293,136	-$1,178,791 -$156,424	$1,957,921
5	$3,457,755	-$1,239,700 -$164,243	$2,053,812
6	$3,630,690	-$1,303,686 -$172,458	$2,154,546
7	$3,812,130	-$1,370,818 -$181,076	$2,260,236
8	$4,002,831	-$1,441,378 -$190,134	$2,371,319
9	$4,202,982	-$1,515,434 -$199,642	$2,487,906
10	$4,413,150	-$1,593,196 -$209,625	$2,610,329
11	$4,633,713	-$1,674,804 -$220,101	$2,738,808
12	$4,865,427	-$1,760,538 -$231,108	$2,873,781
13	$5,108,670	-$1,850,538 -$242,662	$3,015,470
14	$5,364,198	-$1,945,084 -$254,799	$3,164,315
15	$5,632,389	-$2,044,314 -$267,538	$3,320,537
16	$5,913,999	-$2,148,510 -$280,915	$3,484,574
17	$6,209,595	-$2,257,881 -$294,956	$3,656,758
18	$6,520,122	-$2,372,776 -$309,706	$3,837,640
19	$6,846,147	-$2,493,405 -$325,192	$4,027,550
20	$7,188,426	-$2,620,048 -$341,450	$4,226,928
21	$7,547,904	-$2,753,055 -$358,525	$4,436,324
22	$7,925,337	-$2,892,705 -$376,454	$4,656,178
23	$8,321,481	-$3,039,278 -$395,270	$4,886,933
24	$8,737,659	-$3,193,264 -$415,039	$5,129,356
25	$9,174,438	-$3,354,872 -$435,786	$5,383,780
26	$9,633,330	-$3,524,662 -$457,583	$5,651,085
27	$10,114,902	-$3,702,844 -$480,458	$5,931,600
28	$10,620,666	-$3,889,977 -$504,482	$6,226,207
29	$11,151,756	-$4,086,480 -$529,708	$6,535,568
30	$11,709,306	-$4,292,774 -$556,192	$6,860,340