North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 28, 2025 is estimated to be $714 Million, with a cash option of 334.1 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 Oct 28, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 28, 2025	$714,000,000	$334,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$334,100,000
Federal Tax(24%)	$80,184,000
Additional Federal Tax	$43,393,330
State Tax(4.75%)	$15,869,750
Net Lumpsum Payment	$194,652,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,746,414	-$3,936,504 -$510,455	$6,299,455
2	$11,284,056	-$4,135,431 -$535,993	$6,612,632
3	$11,848,116	-$4,344,133 -$562,786	$6,941,197
4	$12,440,736	-$4,563,403 -$590,935	$7,286,398
5	$13,062,630	-$4,793,503 -$620,475	$7,648,652
6	$13,715,940	-$5,035,228 -$651,507	$8,029,205
7	$14,401,380	-$5,288,841 -$684,066	$8,428,473
8	$15,121,806	-$5,555,399 -$718,286	$8,848,121
9	$15,877,932	-$5,835,165 -$754,202	$9,288,565
10	$16,671,900	-$6,128,933 -$791,915	$9,751,052
11	$17,505,138	-$6,437,231 -$831,494	$10,236,413
12	$18,380,502	-$6,761,116 -$873,074	$10,746,312
13	$19,299,420	-$7,101,116 -$916,722	$11,281,582
14	$20,264,748	-$7,458,287 -$962,576	$11,843,885
15	$21,277,914	-$7,833,159 -$1,010,701	$12,434,054
16	$22,341,774	-$8,226,787 -$1,061,234	$13,053,753
17	$23,458,470	-$8,639,964 -$1,114,277	$13,704,229
18	$24,631,572	-$9,074,012 -$1,170,000	$14,387,560
19	$25,863,222	-$9,529,723 -$1,228,503	$15,104,996
20	$27,156,276	-$10,008,153 -$1,289,923	$15,858,200
21	$28,514,304	-$10,510,623 -$1,354,429	$16,649,252
22	$29,940,162	-$11,038,190 -$1,422,158	$17,479,814
23	$31,436,706	-$11,591,912 -$1,493,244	$18,351,550
24	$33,008,934	-$12,173,636 -$1,567,924	$19,267,374
25	$34,658,988	-$12,784,156 -$1,646,302	$20,228,530
26	$36,392,580	-$13,425,585 -$1,728,648	$21,238,347
27	$38,211,852	-$14,098,716 -$1,815,063	$22,298,073
28	$40,122,516	-$14,805,661 -$1,905,820	$23,411,035
29	$42,128,856	-$15,548,007 -$2,001,121	$24,579,728
30	$44,235,156	-$16,327,338 -$2,101,170	$25,806,648