North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 18, 2025 is estimated to be $112 Million, with a cash option of 49.3 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 Apr 18, 2025

Draw Date	Jackpot	Cash Option
Fri Apr 18, 2025	$112,000,000	$49,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$49,300,000
Federal Tax(24%)	$11,832,000
Additional Federal Tax	$6,369,330
State Tax(4.75%)	$2,341,750
Net Lumpsum Payment	$28,756,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,685,712	-$584,044 -$80,071	$1,021,597
2	$1,770,048	-$615,248 -$84,077	$1,070,723
3	$1,858,528	-$647,986 -$88,280	$1,122,262
4	$1,951,488	-$682,381 -$92,696	$1,176,411
5	$2,049,040	-$718,475 -$97,329	$1,233,236
6	$2,151,520	-$756,393 -$102,197	$1,292,930
7	$2,259,040	-$796,175 -$107,304	$1,355,561
8	$2,372,048	-$837,988 -$112,672	$1,421,388
9	$2,490,656	-$881,873 -$118,306	$1,490,477
10	$2,615,200	-$927,954 -$124,222	$1,563,024
11	$2,745,904	-$976,315 -$130,430	$1,639,159
12	$2,883,216	-$1,027,120 -$136,953	$1,719,143
13	$3,027,360	-$1,080,454 -$143,800	$1,803,106
14	$3,178,784	-$1,136,480 -$150,992	$1,891,312
15	$3,337,712	-$1,195,284 -$158,541	$1,983,887
16	$3,504,592	-$1,257,029 -$166,468	$2,081,095
17	$3,679,760	-$1,321,842 -$174,789	$2,183,129
18	$3,863,776	-$1,389,928 -$183,529	$2,290,319
19	$4,056,976	-$1,461,412 -$192,706	$2,402,858
20	$4,259,808	-$1,536,459 -$202,341	$2,521,008
21	$4,472,832	-$1,615,278 -$212,460	$2,645,094
22	$4,696,496	-$1,698,034 -$223,084	$2,775,378
23	$4,931,248	-$1,784,892 -$234,234	$2,912,122
24	$5,177,872	-$1,876,143 -$245,949	$3,055,780
25	$5,436,704	-$1,971,911 -$258,243	$3,206,550
26	$5,708,640	-$2,072,527 -$271,160	$3,364,953
27	$5,994,016	-$2,178,116 -$284,716	$3,531,184
28	$6,293,728	-$2,289,010 -$298,952	$3,705,766
29	$6,608,448	-$2,405,456 -$313,901	$3,889,091
30	$6,938,848	-$2,527,704 -$329,595	$4,081,549