North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(4.75%)	$3,225,250
Net Lumpsum Payment	$39,591,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$107,238	$1,354,751
2	$2,370,600	-$837,452 -$112,604	$1,420,544
3	$2,489,100	-$881,297 -$118,232	$1,489,571
4	$2,613,600	-$927,362 -$124,146	$1,562,092
5	$2,744,250	-$975,703 -$130,352	$1,638,195
6	$2,881,500	-$1,026,485 -$136,871	$1,718,144
7	$3,025,500	-$1,079,765 -$143,711	$1,802,024
8	$3,176,850	-$1,135,765 -$150,900	$1,890,185
9	$3,335,700	-$1,194,539 -$158,446	$1,982,715
10	$3,502,500	-$1,256,255 -$166,369	$2,079,876
11	$3,677,550	-$1,321,024 -$174,684	$2,181,842
12	$3,861,450	-$1,389,067 -$183,419	$2,288,964
13	$4,054,500	-$1,460,495 -$192,589	$2,401,416
14	$4,257,300	-$1,535,531 -$202,222	$2,519,547
15	$4,470,150	-$1,614,286 -$212,332	$2,643,532
16	$4,693,650	-$1,696,981 -$222,948	$2,773,721
17	$4,928,250	-$1,783,783 -$234,092	$2,910,375
18	$5,174,700	-$1,874,969 -$245,798	$3,053,933
19	$5,433,450	-$1,970,707 -$258,089	$3,204,654
20	$5,705,100	-$2,071,217 -$270,992	$3,362,891
21	$5,990,400	-$2,176,778 -$284,544	$3,529,078
22	$6,289,950	-$2,287,612 -$298,773	$3,703,565
23	$6,604,350	-$2,403,940 -$313,707	$3,886,703
24	$6,934,650	-$2,526,151 -$329,396	$4,079,103
25	$7,281,300	-$2,654,411 -$345,862	$4,281,027
26	$7,645,500	-$2,789,165 -$363,161	$4,493,174
27	$8,027,700	-$2,930,579 -$381,316	$4,715,805
28	$8,429,100	-$3,079,097 -$400,382	$4,949,621
29	$8,850,600	-$3,235,052 -$420,404	$5,195,144
30	$9,293,100	-$3,398,777 -$441,422	$5,452,901