North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 12, 2026 is estimated to be $413 Million, with a cash option of 182.6 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 Jun 12, 2026

Draw Date	Jackpot	Cash Option
Fri Jun 12, 2026	$413,000,000	$182,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$182,600,000
Federal Tax(24%)	$43,824,000
Additional Federal Tax	$23,698,330
State Tax(4.75%)	$8,673,500
Net Lumpsum Payment	$106,404,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,216,063	-$2,260,274 -$295,263	$3,660,526
2	$6,527,052	-$2,375,340 -$310,035	$3,841,677
3	$6,853,322	-$2,496,060 -$325,533	$4,031,729
4	$7,196,112	-$2,622,892 -$341,815	$4,231,405
5	$7,555,835	-$2,755,989 -$358,902	$4,440,944
6	$7,933,730	-$2,895,810 -$376,852	$4,661,068
7	$8,330,210	-$3,042,508 -$395,685	$4,892,017
8	$8,746,927	-$3,196,693 -$415,479	$5,134,755
9	$9,184,294	-$3,358,519 -$436,254	$5,389,521
10	$9,643,550	-$3,528,444 -$458,069	$5,657,037
11	$10,125,521	-$3,706,773 -$480,962	$5,937,786
12	$10,631,859	-$3,894,118 -$505,013	$6,232,728
13	$11,163,390	-$4,090,785 -$530,261	$6,542,344
14	$11,721,766	-$4,297,384 -$556,784	$6,867,598
15	$12,307,813	-$4,514,221 -$584,621	$7,208,971
16	$12,923,183	-$4,741,908 -$613,851	$7,567,424
17	$13,569,115	-$4,980,903 -$644,533	$7,943,679
18	$14,247,674	-$5,231,970 -$676,765	$8,338,939
19	$14,960,099	-$5,495,567 -$710,605	$8,753,927
20	$15,708,042	-$5,772,306 -$746,132	$9,189,604
21	$16,493,568	-$6,062,951 -$783,444	$9,647,173
22	$17,318,329	-$6,368,112 -$822,621	$10,127,596
23	$18,183,977	-$6,688,402 -$863,739	$10,631,836
24	$19,093,403	-$7,024,889 -$906,937	$11,161,577
25	$20,047,846	-$7,378,033 -$952,273	$11,717,540
26	$21,050,610	-$7,749,056 -$999,904	$12,301,650
27	$22,102,934	-$8,138,416 -$1,049,889	$12,914,629
28	$23,208,122	-$8,547,336 -$1,102,386	$13,558,400
29	$24,368,652	-$8,976,732 -$1,157,511	$14,234,409
30	$25,587,002	-$9,427,521 -$1,215,383	$14,944,098