North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 20, 2026 is estimated to be $250 Million, with a cash option of 113.5 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 Jan 20, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 20, 2026	$250,000,000	$113,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$113,500,000
Federal Tax(24%)	$27,240,000
Additional Federal Tax	$14,715,330
State Tax(4.75%)	$5,391,250
Net Lumpsum Payment	$66,153,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,762,750	-$1,352,548 -$178,731	$2,231,471
2	$3,951,000	-$1,422,200 -$187,673	$2,341,127
3	$4,148,500	-$1,495,275 -$197,054	$2,456,171
4	$4,356,000	-$1,572,050 -$206,910	$2,577,040
5	$4,573,750	-$1,652,618 -$217,253	$2,703,879
6	$4,802,500	-$1,737,255 -$228,119	$2,837,126
7	$5,042,500	-$1,826,055 -$239,519	$2,976,926
8	$5,294,750	-$1,919,388 -$251,501	$3,123,861
9	$5,559,500	-$2,017,345 -$264,076	$3,278,079
10	$5,837,500	-$2,120,205 -$277,281	$3,440,014
11	$6,129,250	-$2,228,153 -$291,139	$3,609,958
12	$6,435,750	-$2,341,558 -$305,698	$3,788,494
13	$6,757,500	-$2,460,605 -$320,981	$3,975,914
14	$7,095,500	-$2,585,665 -$337,036	$4,172,799
15	$7,450,250	-$2,716,923 -$353,887	$4,379,440
16	$7,822,750	-$2,854,748 -$371,581	$4,596,421
17	$8,213,750	-$2,999,418 -$390,153	$4,824,179
18	$8,624,500	-$3,151,395 -$409,664	$5,063,441
19	$9,055,750	-$3,310,958 -$430,148	$5,314,644
20	$9,508,500	-$3,478,475 -$451,654	$5,578,371
21	$9,984,000	-$3,654,410 -$474,240	$5,855,350
22	$10,483,250	-$3,839,133 -$497,954	$6,146,163
23	$11,007,250	-$4,033,013 -$522,844	$6,451,393
24	$11,557,750	-$4,236,698 -$548,993	$6,772,059
25	$12,135,500	-$4,450,465 -$576,436	$7,108,599
26	$12,742,500	-$4,675,055 -$605,269	$7,462,176
27	$13,379,500	-$4,910,745 -$635,526	$7,833,229
28	$14,048,500	-$5,158,275 -$667,304	$8,222,921
29	$14,751,000	-$5,418,200 -$700,673	$8,632,127
30	$15,488,500	-$5,691,075 -$735,704	$9,061,721