New Hampshire Lottery

NHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Dec 6, 2024 is estimated to be $579 Million, with a cash option of 276.6 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. The good news is that if you're a resident of New Hampshire, you won't owe any state tax on 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.

New Hampshire MEGA Millions Jackpot/Cash Option for Fri Dec 6, 2024

Draw Date Jackpot Cash Option
Fri Dec 6, 2024$579,000,000$276,600,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$276,600,000
Federal Tax(24%)$66,384,000
Additional Federal Tax$35,918,330
State Tax(0%)$0
Net Lumpsum Payment$174,297,670

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $8,714,529 -$3,184,706
-$0
$5,529,823
2 $9,150,516 -$3,346,021
-$0
$5,804,495
3 $9,607,926 -$3,515,263
-$0
$6,092,663
4 $10,088,496 -$3,693,074
-$0
$6,395,422
5 $10,592,805 -$3,879,668
-$0
$6,713,137
6 $11,122,590 -$4,075,689
-$0
$7,046,901
7 $11,678,430 -$4,281,349
-$0
$7,397,081
8 $12,262,641 -$4,497,508
-$0
$7,765,133
9 $12,875,802 -$4,724,377
-$0
$8,151,425
10 $13,519,650 -$4,962,601
-$0
$8,557,049
11 $14,195,343 -$5,212,607
-$0
$8,982,736
12 $14,905,197 -$5,475,253
-$0
$9,429,944
13 $15,650,370 -$5,750,967
-$0
$9,899,403
14 $16,433,178 -$6,040,606
-$0
$10,392,572
15 $17,254,779 -$6,344,599
-$0
$10,910,180
16 $18,117,489 -$6,663,801
-$0
$11,453,688
17 $19,023,045 -$6,998,857
-$0
$12,024,188
18 $19,974,342 -$7,350,837
-$0
$12,623,505
19 $20,973,117 -$7,720,384
-$0
$13,252,733
20 $22,021,686 -$8,108,354
-$0
$13,913,332
21 $23,122,944 -$8,515,820
-$0
$14,607,124
22 $24,279,207 -$8,943,637
-$0
$15,335,570
23 $25,492,791 -$9,392,663
-$0
$16,100,128
24 $26,767,749 -$9,864,398
-$0
$16,903,351
25 $28,105,818 -$10,359,483
-$0
$17,746,335
26 $29,511,630 -$10,879,633
-$0
$18,631,997
27 $30,986,922 -$11,425,492
-$0
$19,561,430
28 $32,536,326 -$11,998,771
-$0
$20,537,555
29 $34,163,316 -$12,600,757
-$0
$21,562,559
30 $35,871,366 -$13,232,736
-$0
$22,638,630
5
7
9
Cash Option: $276.6 Million
Next Draw: Fri Dec 6
Mega Millions
Tue Dec 3, 2024
526061666723

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