North Carolina Lottery

NCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 25, 2026 is estimated to be $130 Million, with a cash option of 55.5 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 Aug 25, 2026

Draw Date	Jackpot	Cash Option
Tue Aug 25, 2026	$130,000,000	$55,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,500,000
Federal Tax(24%)	$13,320,000
Additional Federal Tax	$7,175,330
State Tax(4.75%)	$2,636,250
Net Lumpsum Payment	$32,368,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,956,630	-$684,283 -$92,940	$1,179,407
2	$2,054,520	-$720,503 -$97,590	$1,236,427
3	$2,157,220	-$758,502 -$102,468	$1,296,250
4	$2,265,120	-$798,425 -$107,593	$1,359,102
5	$2,378,350	-$840,320 -$112,972	$1,425,058
6	$2,497,300	-$884,331 -$118,622	$1,494,347
7	$2,622,100	-$930,507 -$124,550	$1,567,043
8	$2,753,270	-$979,040 -$130,780	$1,643,450
9	$2,890,940	-$1,029,978 -$137,320	$1,723,642
10	$3,035,500	-$1,083,465 -$144,186	$1,807,849
11	$3,187,210	-$1,139,598 -$151,392	$1,896,220
12	$3,346,590	-$1,198,569 -$158,963	$1,989,058
13	$3,513,900	-$1,260,473 -$166,910	$2,086,517
14	$3,689,660	-$1,325,505 -$175,259	$2,188,896
15	$3,874,130	-$1,393,758 -$184,021	$2,296,351
16	$4,067,830	-$1,465,427 -$193,222	$2,409,181
17	$4,271,150	-$1,540,656 -$202,880	$2,527,614
18	$4,484,740	-$1,619,684 -$213,025	$2,652,031
19	$4,708,990	-$1,702,657 -$223,677	$2,782,656
20	$4,944,420	-$1,789,766 -$234,860	$2,919,794
21	$5,191,680	-$1,881,252 -$246,605	$3,063,823
22	$5,451,290	-$1,977,308 -$258,936	$3,215,046
23	$5,723,770	-$2,078,125 -$271,879	$3,373,766
24	$6,010,030	-$2,184,041 -$285,476	$3,540,513
25	$6,310,460	-$2,295,201 -$299,747	$3,715,512
26	$6,626,100	-$2,411,987 -$314,740	$3,899,373
27	$6,957,340	-$2,534,546 -$330,474	$4,092,320
28	$7,305,220	-$2,663,262 -$346,998	$4,294,960
29	$7,670,520	-$2,798,423 -$364,350	$4,507,747
30	$8,054,020	-$2,940,318 -$382,566	$4,731,136