North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 6, 2026 is estimated to be $505 Million, with a cash option of 213.3 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 Nov 6, 2026

Draw Date	Jackpot	Cash Option
Fri Nov 6, 2026	$505,000,000	$213,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$213,300,000
Federal Tax(24%)	$51,192,000
Additional Federal Tax	$27,689,330
State Tax(4.75%)	$10,131,750
Net Lumpsum Payment	$124,286,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,600,755	-$2,772,610 -$361,036	$4,467,109
2	$7,981,020	-$2,913,308 -$379,098	$4,688,614
3	$8,379,970	-$3,060,919 -$398,049	$4,921,002
4	$8,799,120	-$3,216,005 -$417,958	$5,165,157
5	$9,238,975	-$3,378,751 -$438,851	$5,421,373
6	$9,701,050	-$3,549,719 -$460,800	$5,690,531
7	$10,185,850	-$3,729,095 -$483,828	$5,972,927
8	$10,695,395	-$3,917,627 -$508,031	$6,269,737
9	$11,230,190	-$4,115,501 -$533,434	$6,581,255
10	$11,791,750	-$4,323,278 -$560,108	$6,908,364
11	$12,381,085	-$4,541,332 -$588,102	$7,251,651
12	$13,000,215	-$4,770,410 -$617,510	$7,612,295
13	$13,650,150	-$5,010,886 -$648,382	$7,990,882
14	$14,332,910	-$5,263,507 -$680,813	$8,388,590
15	$15,049,505	-$5,528,647 -$714,851	$8,806,007
16	$15,801,955	-$5,807,054 -$750,593	$9,244,308
17	$16,591,775	-$6,099,287 -$788,109	$9,704,379
18	$17,421,490	-$6,406,282 -$827,521	$10,187,687
19	$18,292,615	-$6,728,598 -$868,899	$10,695,118
20	$19,207,170	-$7,066,983 -$912,341	$11,227,846
21	$20,167,680	-$7,422,372 -$957,965	$11,787,343
22	$21,176,165	-$7,795,511 -$1,005,868	$12,374,786
23	$22,234,645	-$8,187,149 -$1,056,146	$12,991,350
24	$23,346,655	-$8,598,593 -$1,108,966	$13,639,096
25	$24,513,710	-$9,030,403 -$1,164,401	$14,318,906
26	$25,739,850	-$9,484,075 -$1,222,643	$15,033,132
27	$27,026,590	-$9,960,169 -$1,283,763	$15,782,658
28	$28,377,970	-$10,460,179 -$1,347,954	$16,569,837
29	$29,797,020	-$10,985,228 -$1,415,358	$17,396,434
30	$31,286,770	-$11,536,435 -$1,486,122	$18,264,213