North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 7, 2025 is estimated to be $547 Million, with a cash option of 251.7 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 7, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 7, 2025	$547,000,000	$251,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$251,700,000
Federal Tax(24%)	$60,408,000
Additional Federal Tax	$32,681,330
State Tax(4.75%)	$11,955,750
Net Lumpsum Payment	$146,654,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,232,897	-$3,006,502 -$391,063	$4,835,332
2	$8,644,788	-$3,158,902 -$410,627	$5,075,259
3	$9,076,918	-$3,318,790 -$431,154	$5,326,974
4	$9,530,928	-$3,486,774 -$452,719	$5,591,435
5	$10,007,365	-$3,663,055 -$475,350	$5,868,960
6	$10,507,870	-$3,848,242 -$499,124	$6,160,504
7	$11,032,990	-$4,042,537 -$524,067	$6,466,386
8	$11,584,913	-$4,246,748 -$550,283	$6,787,882
9	$12,164,186	-$4,461,079 -$577,799	$7,125,308
10	$12,772,450	-$4,686,137 -$606,691	$7,479,622
11	$13,410,799	-$4,922,326 -$637,013	$7,851,460
12	$14,081,421	-$5,170,456 -$668,867	$8,242,098
13	$14,785,410	-$5,430,932 -$702,307	$8,652,171
14	$15,524,954	-$5,704,563 -$737,435	$9,082,956
15	$16,301,147	-$5,991,755 -$774,304	$9,535,088
16	$17,116,177	-$6,293,316 -$813,018	$10,009,843
17	$17,971,685	-$6,609,854 -$853,655	$10,508,176
18	$18,870,406	-$6,942,381 -$896,344	$11,031,681
19	$19,813,981	-$7,291,503 -$941,164	$11,581,314
20	$20,804,598	-$7,658,032 -$988,218	$12,158,348
21	$21,844,992	-$8,042,977 -$1,037,637	$12,764,378
22	$22,937,351	-$8,447,150 -$1,089,524	$13,400,677
23	$24,083,863	-$8,871,360 -$1,143,983	$14,068,520
24	$25,288,357	-$9,317,022 -$1,201,197	$14,770,138
25	$26,552,474	-$9,784,746 -$1,261,243	$15,506,485
26	$27,880,590	-$10,276,149 -$1,324,328	$16,280,113
27	$29,274,346	-$10,791,838 -$1,390,531	$17,091,977
28	$30,738,118	-$11,333,434 -$1,460,061	$17,944,623
29	$32,275,188	-$11,902,150 -$1,533,071	$18,839,967
30	$33,888,838	-$12,499,200 -$1,609,720	$19,779,918