North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 26, 2025 is estimated to be $253 Million, with a cash option of 113.8 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 Aug 26, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 26, 2025	$253,000,000	$113,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$113,800,000
Federal Tax(24%)	$27,312,000
Additional Federal Tax	$14,754,330
State Tax(4.75%)	$5,405,500
Net Lumpsum Payment	$66,328,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,807,903	-$1,369,254 -$180,875	$2,257,774
2	$3,998,412	-$1,439,743 -$189,925	$2,368,744
3	$4,198,282	-$1,513,695 -$199,418	$2,485,169
4	$4,408,272	-$1,591,391 -$209,393	$2,607,488
5	$4,628,635	-$1,672,925 -$219,860	$2,735,850
6	$4,860,130	-$1,758,578 -$230,856	$2,870,696
7	$5,103,010	-$1,848,444 -$242,393	$3,012,173
8	$5,358,287	-$1,942,897 -$254,519	$3,160,871
9	$5,626,214	-$2,042,030 -$267,245	$3,316,939
10	$5,907,550	-$2,146,124 -$280,609	$3,480,817
11	$6,202,801	-$2,255,367 -$294,633	$3,652,801
12	$6,512,979	-$2,370,133 -$309,367	$3,833,479
13	$6,838,590	-$2,490,609 -$324,833	$4,023,148
14	$7,180,646	-$2,617,169 -$341,081	$4,222,396
15	$7,539,653	-$2,750,002 -$358,134	$4,431,517
16	$7,916,623	-$2,889,481 -$376,040	$4,651,102
17	$8,312,315	-$3,035,887 -$394,835	$4,881,593
18	$8,727,994	-$3,189,688 -$414,580	$5,123,726
19	$9,164,419	-$3,351,165 -$435,310	$5,377,944
20	$9,622,602	-$3,520,693 -$457,074	$5,644,835
21	$10,103,808	-$3,698,739 -$479,931	$5,925,138
22	$10,609,049	-$3,885,679 -$503,930	$6,219,440
23	$11,139,337	-$4,081,885 -$529,119	$6,528,333
24	$11,696,443	-$4,288,014 -$555,581	$6,852,848
25	$12,281,126	-$4,504,347 -$583,353	$7,193,426
26	$12,895,410	-$4,731,632 -$612,532	$7,551,246
27	$13,540,054	-$4,970,150 -$643,153	$7,926,751
28	$14,217,082	-$5,220,651 -$675,311	$8,321,120
29	$14,928,012	-$5,483,695 -$709,081	$8,735,236
30	$15,674,362	-$5,759,844 -$744,532	$9,169,986