North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 19, 2026 is estimated to be $277 Million, with a cash option of 120.4 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 May 19, 2026

Draw Date	Jackpot	Cash Option
Tue May 19, 2026	$277,000,000	$120,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,400,000
Federal Tax(24%)	$28,896,000
Additional Federal Tax	$15,612,330
State Tax(4.75%)	$5,719,000
Net Lumpsum Payment	$70,172,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,169,127	-$1,502,907 -$198,034	$2,468,186
2	$4,377,708	-$1,580,082 -$207,941	$2,589,685
3	$4,596,538	-$1,661,049 -$218,336	$2,717,153
4	$4,826,448	-$1,746,116 -$229,256	$2,851,076
5	$5,067,715	-$1,835,385 -$240,716	$2,991,614
6	$5,321,170	-$1,929,163 -$252,756	$3,139,251
7	$5,587,090	-$2,027,554 -$265,387	$3,294,149
8	$5,866,583	-$2,130,966 -$278,663	$3,456,954
9	$6,159,926	-$2,239,503 -$292,596	$3,627,827
10	$6,467,950	-$2,353,472 -$307,228	$3,807,250
11	$6,791,209	-$2,473,078 -$322,582	$3,995,549
12	$7,130,811	-$2,598,730 -$338,714	$4,193,367
13	$7,487,310	-$2,730,635 -$355,647	$4,401,028
14	$7,861,814	-$2,869,202 -$373,436	$4,619,176
15	$8,254,877	-$3,014,635 -$392,107	$4,848,135
16	$8,667,607	-$3,167,345 -$411,711	$5,088,551
17	$9,100,835	-$3,327,639 -$432,290	$5,340,906
18	$9,555,946	-$3,496,030 -$453,907	$5,606,009
19	$10,033,771	-$3,672,826 -$476,604	$5,884,341
20	$10,535,418	-$3,858,435 -$500,432	$6,176,551
21	$11,062,272	-$4,053,371 -$525,458	$6,483,443
22	$11,615,441	-$4,258,044 -$551,733	$6,805,664
23	$12,196,033	-$4,472,863 -$579,312	$7,143,858
24	$12,805,987	-$4,698,546 -$608,284	$7,499,157
25	$13,446,134	-$4,935,400 -$638,691	$7,872,043
26	$14,118,690	-$5,184,246 -$670,638	$8,263,806
27	$14,824,486	-$5,445,390 -$704,163	$8,674,933
28	$15,565,738	-$5,719,653 -$739,373	$9,106,712
29	$16,344,108	-$6,007,650 -$776,345	$9,560,113
30	$17,161,258	-$6,309,996 -$815,160	$10,036,102