New Hampshire Lottery

NHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 11, 2025 is estimated to be $256 Million, with a cash option of 119.5 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. 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 Mar 11, 2025

Draw Date	Jackpot	Cash Option
Tue Mar 11, 2025	$256,000,000	$119,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$119,500,000
Federal Tax(24%)	$28,680,000
Additional Federal Tax	$15,495,330
State Tax(0%)	$0
Net Lumpsum Payment	$75,324,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,853,056	-$1,385,961 -$0	$2,467,095
2	$4,045,824	-$1,457,285 -$0	$2,588,539
3	$4,248,064	-$1,532,114 -$0	$2,715,950
4	$4,460,544	-$1,610,732 -$0	$2,849,812
5	$4,683,520	-$1,693,233 -$0	$2,990,287
6	$4,917,760	-$1,779,902 -$0	$3,137,858
7	$5,163,520	-$1,870,833 -$0	$3,292,687
8	$5,421,824	-$1,966,405 -$0	$3,455,419
9	$5,692,928	-$2,066,714 -$0	$3,626,214
10	$5,977,600	-$2,172,042 -$0	$3,805,558
11	$6,276,352	-$2,282,581 -$0	$3,993,771
12	$6,590,208	-$2,398,707 -$0	$4,191,501
13	$6,919,680	-$2,520,612 -$0	$4,399,068
14	$7,265,792	-$2,648,673 -$0	$4,617,119
15	$7,629,056	-$2,783,081 -$0	$4,845,975
16	$8,010,496	-$2,924,214 -$0	$5,086,282
17	$8,410,880	-$3,072,356 -$0	$5,338,524
18	$8,831,488	-$3,227,981 -$0	$5,603,507
19	$9,273,088	-$3,391,373 -$0	$5,881,715
20	$9,736,704	-$3,562,911 -$0	$6,173,793
21	$10,223,616	-$3,743,068 -$0	$6,480,548
22	$10,734,848	-$3,932,224 -$0	$6,802,624
23	$11,271,424	-$4,130,757 -$0	$7,140,667
24	$11,835,136	-$4,339,331 -$0	$7,495,805
25	$12,426,752	-$4,558,229 -$0	$7,868,523
26	$13,048,320	-$4,788,209 -$0	$8,260,111
27	$13,700,608	-$5,029,555 -$0	$8,671,053
28	$14,385,664	-$5,283,026 -$0	$9,102,638
29	$15,105,024	-$5,549,189 -$0	$9,555,835
30	$15,860,224	-$5,828,613 -$0	$10,031,611