North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 3, 2026 is estimated to be $542 Million, with a cash option of 242 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 Jul 3, 2026

Draw Date	Jackpot	Cash Option
Fri Jul 3, 2026	$542,000,000	$242,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$242,000,000
Federal Tax(24%)	$58,080,000
Additional Federal Tax	$31,420,330
State Tax(4.75%)	$11,495,000
Net Lumpsum Payment	$141,004,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,157,642	-$2,978,658 -$387,488	$4,791,496
2	$8,565,768	-$3,129,665 -$406,874	$5,029,229
3	$8,993,948	-$3,288,091 -$427,213	$5,278,644
4	$9,443,808	-$3,454,539 -$448,581	$5,540,688
5	$9,915,890	-$3,629,210 -$471,005	$5,815,675
6	$10,411,820	-$3,812,704 -$494,561	$6,104,555
7	$10,932,140	-$4,005,222 -$519,277	$6,407,641
8	$11,479,018	-$4,207,567 -$545,253	$6,726,198
9	$12,052,996	-$4,419,939 -$572,517	$7,060,540
10	$12,655,700	-$4,642,939 -$601,146	$7,411,615
11	$13,288,214	-$4,876,970 -$631,190	$7,780,054
12	$13,952,706	-$5,122,832 -$662,754	$8,167,120
13	$14,650,260	-$5,380,927 -$695,887	$8,573,446
14	$15,383,044	-$5,652,057 -$730,695	$9,000,292
15	$16,152,142	-$5,936,623 -$767,227	$9,448,292
16	$16,959,722	-$6,235,428 -$805,587	$9,918,707
17	$17,807,410	-$6,549,072 -$845,852	$10,412,486
18	$18,697,916	-$6,878,559 -$888,151	$10,931,206
19	$19,632,866	-$7,224,491 -$932,561	$11,475,814
20	$20,614,428	-$7,587,669 -$979,185	$12,047,574
21	$21,645,312	-$7,969,096 -$1,028,152	$12,648,064
22	$22,727,686	-$8,369,574 -$1,079,565	$13,278,547
23	$23,863,718	-$8,789,906 -$1,133,527	$13,940,285
24	$25,057,202	-$9,231,495 -$1,190,217	$14,635,490
25	$26,309,764	-$9,694,943 -$1,249,714	$15,365,107
26	$27,625,740	-$10,181,854 -$1,312,223	$16,131,663
27	$29,006,756	-$10,692,830 -$1,377,821	$16,936,105
28	$30,457,148	-$11,229,475 -$1,446,715	$17,780,958
29	$31,980,168	-$11,792,993 -$1,519,058	$18,668,117
30	$33,579,068	-$12,384,586 -$1,595,006	$19,599,476