New Hampshire Lottery

NHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 30, 2024 is estimated to be $257 Million, with a cash option of 115.6 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

New Hampshire MEGA Millions Jackpot/Cash Option for Tue Apr 30, 2024

Draw Date	Jackpot	Cash Option
Tue Apr 30, 2024	$257,000,000	$115,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$115,600,000
Federal Tax(24%)	$27,744,000
Additional Federal Tax	$14,988,330
State Tax(0%)	$0
Net Lumpsum Payment	$72,867,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,868,107	-$1,391,530 -$0	$2,476,577
2	$4,061,628	-$1,463,133 -$0	$2,598,495
3	$4,264,658	-$1,538,254 -$0	$2,726,404
4	$4,477,968	-$1,617,179 -$0	$2,860,789
5	$4,701,815	-$1,700,002 -$0	$3,001,813
6	$4,936,970	-$1,787,009 -$0	$3,149,961
7	$5,183,690	-$1,878,296 -$0	$3,305,394
8	$5,443,003	-$1,974,241 -$0	$3,468,762
9	$5,715,166	-$2,074,942 -$0	$3,640,224
10	$6,000,950	-$2,180,682 -$0	$3,820,268
11	$6,300,869	-$2,291,652 -$0	$4,009,217
12	$6,615,951	-$2,408,232 -$0	$4,207,719
13	$6,946,710	-$2,530,613 -$0	$4,416,097
14	$7,294,174	-$2,659,175 -$0	$4,634,999
15	$7,658,857	-$2,794,107 -$0	$4,864,750
16	$8,041,787	-$2,935,792 -$0	$5,105,995
17	$8,443,735	-$3,084,512 -$0	$5,359,223
18	$8,865,986	-$3,240,745 -$0	$5,625,241
19	$9,309,311	-$3,404,775 -$0	$5,904,536
20	$9,774,738	-$3,576,983 -$0	$6,197,755
21	$10,263,552	-$3,757,845 -$0	$6,505,707
22	$10,776,781	-$3,947,739 -$0	$6,829,042
23	$11,315,453	-$4,147,048 -$0	$7,168,405
24	$11,881,367	-$4,356,436 -$0	$7,524,931
25	$12,475,294	-$4,576,189 -$0	$7,899,105
26	$13,099,290	-$4,807,068 -$0	$8,292,222
27	$13,754,126	-$5,049,357 -$0	$8,704,769
28	$14,441,858	-$5,303,818 -$0	$9,138,040
29	$15,164,028	-$5,571,021 -$0	$9,593,007
30	$15,922,178	-$5,851,536 -$0	$10,070,642