New Hampshire Lottery

NHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Sep 20, 2024 is estimated to be $47 Million, with a cash option of 23.9 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 Fri Sep 20, 2024

Draw Date	Jackpot	Cash Option
Fri Sep 20, 2024	$47,000,000	$23,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$23,900,000
Federal Tax(24%)	$5,736,000
Additional Federal Tax	$3,067,330
State Tax(0%)	$0
Net Lumpsum Payment	$15,096,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$707,397	-$222,067 -$0	$485,330
2	$742,788	-$235,162 -$0	$507,626
3	$779,918	-$248,900 -$0	$531,018
4	$818,928	-$263,334 -$0	$555,594
5	$859,865	-$278,480 -$0	$581,385
6	$902,870	-$294,392 -$0	$608,478
7	$947,990	-$311,087 -$0	$636,903
8	$995,413	-$328,633 -$0	$666,780
9	$1,045,186	-$347,049 -$0	$698,137
10	$1,097,450	-$366,387 -$0	$731,063
11	$1,152,299	-$386,681 -$0	$765,618
12	$1,209,921	-$408,001 -$0	$801,920
13	$1,270,410	-$430,382 -$0	$840,028
14	$1,333,954	-$453,893 -$0	$880,061
15	$1,400,647	-$478,570 -$0	$922,077
16	$1,470,677	-$504,481 -$0	$966,196
17	$1,544,185	-$531,679 -$0	$1,012,506
18	$1,621,406	-$560,251 -$0	$1,061,155
19	$1,702,481	-$590,248 -$0	$1,112,233
20	$1,787,598	-$621,742 -$0	$1,165,856
21	$1,876,992	-$654,817 -$0	$1,222,175
22	$1,970,851	-$689,545 -$0	$1,281,306
23	$2,069,363	-$725,995 -$0	$1,343,368
24	$2,172,857	-$764,287 -$0	$1,408,570
25	$2,281,474	-$804,476 -$0	$1,476,998
26	$2,395,590	-$846,699 -$0	$1,548,891
27	$2,515,346	-$891,008 -$0	$1,624,338
28	$2,641,118	-$937,544 -$0	$1,703,574
29	$2,773,188	-$986,410 -$0	$1,786,778
30	$2,911,838	-$1,037,710 -$0	$1,874,128