North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 16, 2025 is estimated to be $400 Million, with a cash option of 185.8 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 Sep 16, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 16, 2025	$400,000,000	$185,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$185,800,000
Federal Tax(24%)	$44,592,000
Additional Federal Tax	$24,114,330
State Tax(4.75%)	$8,825,500
Net Lumpsum Payment	$108,268,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,020,400	-$2,187,878 -$285,969	$3,546,553
2	$6,321,600	-$2,299,322 -$300,276	$3,722,002
3	$6,637,600	-$2,416,242 -$315,286	$3,906,072
4	$6,969,600	-$2,539,082 -$331,056	$4,099,462
5	$7,318,000	-$2,667,990 -$347,605	$4,302,405
6	$7,684,000	-$2,803,410 -$364,990	$4,515,600
7	$8,068,000	-$2,945,490 -$383,230	$4,739,280
8	$8,471,600	-$3,094,822 -$402,401	$4,974,377
9	$8,895,200	-$3,251,554 -$422,522	$5,221,124
10	$9,340,000	-$3,416,130 -$443,650	$5,480,220
11	$9,806,800	-$3,588,846 -$465,823	$5,752,131
12	$10,297,200	-$3,770,294 -$489,117	$6,037,789
13	$10,812,000	-$3,960,770 -$513,570	$6,337,660
14	$11,352,800	-$4,160,866 -$539,258	$6,652,676
15	$11,920,400	-$4,370,878 -$566,219	$6,983,303
16	$12,516,400	-$4,591,398 -$594,529	$7,330,473
17	$13,142,000	-$4,822,870 -$624,245	$7,694,885
18	$13,799,200	-$5,066,034 -$655,462	$8,077,704
19	$14,489,200	-$5,321,334 -$688,237	$8,479,629
20	$15,213,600	-$5,589,362 -$722,646	$8,901,592
21	$15,974,400	-$5,870,858 -$758,784	$9,344,758
22	$16,773,200	-$6,166,414 -$796,727	$9,810,059
23	$17,611,600	-$6,476,622 -$836,551	$10,298,427
24	$18,492,400	-$6,802,518 -$878,389	$10,811,493
25	$19,416,800	-$7,144,546 -$922,298	$11,349,956
26	$20,388,000	-$7,503,890 -$968,430	$11,915,680
27	$21,407,200	-$7,880,994 -$1,016,842	$12,509,364
28	$22,477,600	-$8,277,042 -$1,067,686	$13,132,872
29	$23,601,600	-$8,692,922 -$1,121,076	$13,787,602
30	$24,781,600	-$9,129,522 -$1,177,126	$14,474,952