North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 9, 2025 is estimated to be $100 Million, with a cash option of 45.3 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 May 9, 2025

Draw Date	Jackpot	Cash Option
Fri May 9, 2025	$100,000,000	$45,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$45,300,000
Federal Tax(24%)	$10,872,000
Additional Federal Tax	$5,849,330
State Tax(4.75%)	$2,151,750
Net Lumpsum Payment	$26,426,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,505,100	-$517,217 -$71,492	$916,391
2	$1,580,400	-$545,078 -$75,069	$960,253
3	$1,659,400	-$574,308 -$78,822	$1,006,270
4	$1,742,400	-$605,018 -$82,764	$1,054,618
5	$1,829,500	-$637,245 -$86,901	$1,105,354
6	$1,921,000	-$671,100 -$91,248	$1,158,652
7	$2,017,000	-$706,620 -$95,808	$1,214,572
8	$2,117,900	-$743,953 -$100,600	$1,273,347
9	$2,223,800	-$783,136 -$105,631	$1,335,033
10	$2,335,000	-$824,280 -$110,913	$1,399,807
11	$2,451,700	-$867,459 -$116,456	$1,467,785
12	$2,574,300	-$912,821 -$122,279	$1,539,200
13	$2,703,000	-$960,440 -$128,393	$1,614,167
14	$2,838,200	-$1,010,464 -$134,815	$1,692,921
15	$2,980,100	-$1,062,967 -$141,555	$1,775,578
16	$3,129,100	-$1,118,097 -$148,632	$1,862,371
17	$3,285,500	-$1,175,965 -$156,061	$1,953,474
18	$3,449,800	-$1,236,756 -$163,866	$2,049,178
19	$3,622,300	-$1,300,581 -$172,059	$2,149,660
20	$3,803,400	-$1,367,588 -$180,662	$2,255,150
21	$3,993,600	-$1,437,962 -$189,696	$2,365,942
22	$4,193,300	-$1,511,851 -$199,182	$2,482,267
23	$4,402,900	-$1,589,403 -$209,138	$2,604,359
24	$4,623,100	-$1,670,877 -$219,597	$2,732,626
25	$4,854,200	-$1,756,384 -$230,575	$2,867,241
26	$5,097,000	-$1,846,220 -$242,108	$3,008,672
27	$5,351,800	-$1,940,496 -$254,211	$3,157,093
28	$5,619,400	-$2,039,508 -$266,922	$3,312,970
29	$5,900,400	-$2,143,478 -$280,269	$3,476,653
30	$6,195,400	-$2,252,628 -$294,282	$3,648,490