North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 24, 2026 is estimated to be $743 Million, with a cash option of 323.4 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 24, 2026

Draw Date	Jackpot	Cash Option
Fri Jul 24, 2026	$743,000,000	$323,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$323,400,000
Federal Tax(24%)	$77,616,000
Additional Federal Tax	$42,002,330
State Tax(4.75%)	$15,361,500
Net Lumpsum Payment	$188,420,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,182,893	-$4,098,001 -$531,187	$6,553,705
2	$11,742,372	-$4,305,008 -$557,763	$6,879,601
3	$12,329,342	-$4,522,187 -$585,644	$7,221,511
4	$12,946,032	-$4,750,362 -$614,937	$7,580,733
5	$13,593,185	-$4,989,809 -$645,676	$7,957,700
6	$14,273,030	-$5,241,351 -$677,969	$8,353,710
7	$14,986,310	-$5,505,265 -$711,850	$8,769,195
8	$15,735,997	-$5,782,649 -$747,460	$9,205,888
9	$16,522,834	-$6,073,779 -$784,835	$9,664,220
10	$17,349,050	-$6,379,479 -$824,080	$10,145,491
11	$18,216,131	-$6,700,299 -$865,266	$10,650,566
12	$19,127,049	-$7,037,339 -$908,535	$11,181,175
13	$20,083,290	-$7,391,148 -$953,956	$11,738,186
14	$21,087,826	-$7,762,826 -$1,001,672	$12,323,328
15	$22,142,143	-$8,152,923 -$1,051,752	$12,937,468
16	$23,249,213	-$8,562,539 -$1,104,338	$13,582,336
17	$24,411,265	-$8,992,498 -$1,159,535	$14,259,232
18	$25,632,014	-$9,444,176 -$1,217,521	$14,970,317
19	$26,913,689	-$9,918,395 -$1,278,400	$15,716,894
20	$28,259,262	-$10,416,257 -$1,342,315	$16,500,690
21	$29,672,448	-$10,939,136 -$1,409,441	$17,323,871
22	$31,156,219	-$11,488,131 -$1,479,920	$18,188,168
23	$32,713,547	-$12,064,343 -$1,553,893	$19,095,311
24	$34,349,633	-$12,669,695 -$1,631,608	$20,048,330
25	$36,066,706	-$13,305,012 -$1,713,169	$21,048,525
26	$37,870,710	-$13,972,493 -$1,798,859	$22,099,358
27	$39,763,874	-$14,672,964 -$1,888,784	$23,202,126
28	$41,752,142	-$15,408,623 -$1,983,227	$24,360,292
29	$43,839,972	-$16,181,120 -$2,082,399	$25,576,453
30	$46,031,822	-$16,992,105 -$2,186,512	$26,853,205