North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 9, 2025 is estimated to be $60 Million, with a cash option of 27.4 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 Tue Dec 9, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 9, 2025	$60,000,000	$27,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,400,000
Federal Tax(24%)	$6,576,000
Additional Federal Tax	$3,522,330
State Tax(4.75%)	$1,301,500
Net Lumpsum Payment	$16,000,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$42,895	$565,702
2	$948,240	-$311,179 -$45,041	$592,020
3	$995,640	-$328,717 -$47,293	$619,630
4	$1,045,440	-$347,143 -$49,658	$648,639
5	$1,097,700	-$366,479 -$52,141	$679,080
6	$1,152,600	-$386,792 -$54,749	$711,059
7	$1,210,200	-$408,104 -$57,485	$744,611
8	$1,270,740	-$430,504 -$60,360	$779,876
9	$1,334,280	-$454,014 -$63,378	$816,888
10	$1,401,000	-$478,700 -$66,548	$855,752
11	$1,471,020	-$504,608 -$69,873	$896,539
12	$1,544,580	-$531,825 -$73,368	$939,387
13	$1,621,800	-$560,396 -$77,036	$984,368
14	$1,702,920	-$590,411 -$80,889	$1,031,620
15	$1,788,060	-$621,913 -$84,933	$1,081,214
16	$1,877,460	-$654,991 -$89,179	$1,133,290
17	$1,971,300	-$689,711 -$93,637	$1,187,952
18	$2,069,880	-$726,186 -$98,319	$1,245,375
19	$2,173,380	-$764,481 -$103,236	$1,305,663
20	$2,282,040	-$804,685 -$108,397	$1,368,958
21	$2,396,160	-$846,910 -$113,818	$1,435,432
22	$2,515,980	-$891,243 -$119,509	$1,505,228
23	$2,641,740	-$937,774 -$125,483	$1,578,483
24	$2,773,860	-$986,659 -$131,758	$1,655,443
25	$2,912,520	-$1,037,963 -$138,345	$1,736,212
26	$3,058,200	-$1,091,864 -$145,265	$1,821,071
27	$3,211,080	-$1,148,430 -$152,526	$1,910,124
28	$3,371,640	-$1,207,837 -$160,153	$2,003,650
29	$3,540,240	-$1,270,219 -$168,161	$2,101,860
30	$3,717,240	-$1,335,709 -$176,569	$2,204,962