North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 14, 2026 is estimated to be $637 Million, with a cash option of 278 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 Jul 14, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 14, 2026	$637,000,000	$278,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$278,000,000
Federal Tax(24%)	$66,720,000
Additional Federal Tax	$36,100,330
State Tax(4.75%)	$13,205,000
Net Lumpsum Payment	$161,974,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,587,487	-$3,507,701 -$455,406	$5,624,380
2	$10,067,148	-$3,685,175 -$478,190	$5,903,783
3	$10,570,378	-$3,871,370 -$502,093	$6,196,915
4	$11,099,088	-$4,066,993 -$527,207	$6,504,888
5	$11,653,915	-$4,272,279 -$553,561	$6,828,075
6	$12,236,770	-$4,487,935 -$581,247	$7,167,588
7	$12,848,290	-$4,714,198 -$610,294	$7,523,798
8	$13,491,023	-$4,952,009 -$640,824	$7,898,190
9	$14,165,606	-$5,201,605 -$672,866	$8,291,135
10	$14,873,950	-$5,463,692 -$706,513	$8,703,745
11	$15,617,329	-$5,738,742 -$741,823	$9,136,764
12	$16,398,291	-$6,027,698 -$778,919	$9,591,674
13	$17,218,110	-$6,331,031 -$817,860	$10,069,219
14	$18,079,334	-$6,649,684 -$858,768	$10,570,882
15	$18,983,237	-$6,984,128 -$901,704	$11,097,405
16	$19,932,367	-$7,335,306 -$946,787	$11,650,274
17	$20,928,635	-$7,703,925 -$994,110	$12,230,600
18	$21,975,226	-$8,091,164 -$1,043,823	$12,840,239
19	$23,074,051	-$8,497,729 -$1,096,017	$13,480,305
20	$24,227,658	-$8,924,564 -$1,150,814	$14,152,280
21	$25,439,232	-$9,372,846 -$1,208,364	$14,858,022
22	$26,711,321	-$9,843,519 -$1,268,788	$15,599,014
23	$28,046,473	-$10,337,525 -$1,332,207	$16,376,741
24	$29,449,147	-$10,856,515 -$1,398,834	$17,193,798
25	$30,921,254	-$11,401,194 -$1,468,760	$18,051,300
26	$32,467,890	-$11,973,450 -$1,542,225	$18,952,215
27	$34,090,966	-$12,573,988 -$1,619,321	$19,897,657
28	$35,795,578	-$13,204,694 -$1,700,290	$20,890,594
29	$37,585,548	-$13,866,983 -$1,785,314	$21,933,251
30	$39,464,698	-$14,562,269 -$1,874,573	$23,027,856