North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 20, 2025 is estimated to be $302 Million, with a cash option of 136 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 Jun 20, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 20, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(4.75%)	$6,460,000
Net Lumpsum Payment	$79,259,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$215,907	$2,687,366
2	$4,772,808	-$1,726,269 -$226,708	$2,819,831
3	$5,011,388	-$1,814,544 -$238,041	$2,958,803
4	$5,262,048	-$1,907,288 -$249,947	$3,104,813
5	$5,525,090	-$2,004,614 -$262,442	$3,258,034
6	$5,801,420	-$2,106,856 -$275,567	$3,418,997
7	$6,091,340	-$2,214,126 -$289,339	$3,587,875
8	$6,396,058	-$2,326,872 -$303,813	$3,765,373
9	$6,715,876	-$2,445,205 -$319,004	$3,951,667
10	$7,051,700	-$2,569,459 -$334,956	$4,147,285
11	$7,404,134	-$2,699,860 -$351,696	$4,352,578
12	$7,774,386	-$2,836,853 -$369,283	$4,568,250
13	$8,163,060	-$2,980,663 -$387,745	$4,794,652
14	$8,571,364	-$3,131,735 -$407,140	$5,032,489
15	$8,999,902	-$3,290,294 -$427,495	$5,282,113
16	$9,449,882	-$3,456,787 -$448,869	$5,544,226
17	$9,922,210	-$3,631,548 -$471,305	$5,819,357
18	$10,418,396	-$3,815,137 -$494,874	$6,108,385
19	$10,939,346	-$4,007,888 -$519,619	$6,411,839
20	$11,486,268	-$4,210,250 -$545,598	$6,730,420
21	$12,060,672	-$4,422,779 -$572,882	$7,065,011
22	$12,663,766	-$4,645,924 -$601,529	$7,416,313
23	$13,296,758	-$4,880,131 -$631,596	$7,785,031
24	$13,961,762	-$5,126,182 -$663,184	$8,172,396
25	$14,659,684	-$5,384,413 -$696,335	$8,578,936
26	$15,392,940	-$5,655,718 -$731,165	$9,006,057
27	$16,162,436	-$5,940,432 -$767,716	$9,454,288
28	$16,970,588	-$6,239,448 -$806,103	$9,925,037
29	$17,819,208	-$6,553,437 -$846,412	$10,419,359
30	$18,710,108	-$6,883,070 -$888,730	$10,938,308