North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

North Carolina MEGA Millions Jackpot/Cash Option for Tue Oct 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(4.75%)	$13,167,000
Net Lumpsum Payment	$161,508,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$428,954	$5,299,994
2	$9,482,400	-$3,468,818 -$450,414	$5,563,168
3	$9,956,400	-$3,644,198 -$472,929	$5,839,273
4	$10,454,400	-$3,828,458 -$496,584	$6,129,358
5	$10,977,000	-$4,021,820 -$521,408	$6,433,772
6	$11,526,000	-$4,224,950 -$547,485	$6,753,565
7	$12,102,000	-$4,438,070 -$574,845	$7,089,085
8	$12,707,400	-$4,662,068 -$603,602	$7,441,730
9	$13,342,800	-$4,897,166 -$633,783	$7,811,851
10	$14,010,000	-$5,144,030 -$665,475	$8,200,495
11	$14,710,200	-$5,403,104 -$698,735	$8,608,361
12	$15,445,800	-$5,675,276 -$733,676	$9,036,848
13	$16,218,000	-$5,960,990 -$770,355	$9,486,655
14	$17,029,200	-$6,261,134 -$808,887	$9,959,179
15	$17,880,600	-$6,576,152 -$849,329	$10,455,119
16	$18,774,600	-$6,906,932 -$891,794	$10,975,874
17	$19,713,000	-$7,254,140 -$936,368	$11,522,492
18	$20,698,800	-$7,618,886 -$983,193	$12,096,721
19	$21,733,800	-$8,001,836 -$1,032,356	$12,699,608
20	$22,820,400	-$8,403,878 -$1,083,969	$13,332,553
21	$23,961,600	-$8,826,122 -$1,138,176	$13,997,302
22	$25,159,800	-$9,269,456 -$1,195,091	$14,695,253
23	$26,417,400	-$9,734,768 -$1,254,827	$15,427,805
24	$27,738,600	-$10,223,612 -$1,317,584	$16,197,404
25	$29,125,200	-$10,736,654 -$1,383,447	$17,005,099
26	$30,582,000	-$11,275,670 -$1,452,645	$17,853,685
27	$32,110,800	-$11,841,326 -$1,525,263	$18,744,211
28	$33,716,400	-$12,435,398 -$1,601,529	$19,679,473
29	$35,402,400	-$13,059,218 -$1,681,614	$20,661,568
30	$37,172,400	-$13,714,118 -$1,765,689	$21,692,593