The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For North Carolina residents, the state will deduct 4.75% from your lottery earnings.
| North Carolina MEGA Millions Jackpot/Cash Option for Tue Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(4.75%) | $3,272,750 | | Net Lumpsum Payment | $40,173,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$114,388 |
$1,442,422 |
| 2 |
$2,528,640 |
$895,927
$120,110 |
$1,512,603 |
| 3 |
$2,655,040 |
$942,695
$126,114 |
$1,586,231 |
| 4 |
$2,787,840 |
$991,831
$132,422 |
$1,663,587 |
| 5 |
$2,927,200 |
$1,043,394
$139,042 |
$1,744,764 |
| 6 |
$3,073,600 |
$1,097,562
$145,996 |
$1,830,042 |
| 7 |
$3,227,200 |
$1,154,394
$153,292 |
$1,919,514 |
| 8 |
$3,388,640 |
$1,214,127
$160,960 |
$2,013,553 |
| 9 |
$3,558,080 |
$1,276,820
$169,009 |
$2,112,251 |
| 10 |
$3,736,000 |
$1,342,650
$177,460 |
$2,215,890 |
| 11 |
$3,922,720 |
$1,411,737
$186,329 |
$2,324,654 |
| 12 |
$4,118,880 |
$1,484,316
$195,647 |
$2,438,917 |
| 13 |
$4,324,800 |
$1,560,506
$205,428 |
$2,558,866 |
| 14 |
$4,541,120 |
$1,640,545
$215,703 |
$2,684,872 |
| 15 |
$4,768,160 |
$1,724,550
$226,488 |
$2,817,122 |
| 16 |
$5,006,560 |
$1,812,758
$237,812 |
$2,955,990 |
| 17 |
$5,256,800 |
$1,905,346
$249,698 |
$3,101,756 |
| 18 |
$5,519,680 |
$2,002,612
$262,185 |
$3,254,883 |
| 19 |
$5,795,680 |
$2,104,732
$275,295 |
$3,415,653 |
| 20 |
$6,085,440 |
$2,211,943
$289,058 |
$3,584,439 |
| 21 |
$6,389,760 |
$2,324,542
$303,514 |
$3,761,704 |
| 22 |
$6,709,280 |
$2,442,764
$318,691 |
$3,947,825 |
| 23 |
$7,044,640 |
$2,566,847
$334,620 |
$4,143,173 |
| 24 |
$7,396,960 |
$2,697,206
$351,356 |
$4,348,398 |
| 25 |
$7,766,720 |
$2,834,017
$368,919 |
$4,563,784 |
| 26 |
$8,155,200 |
$2,977,754
$387,372 |
$4,790,074 |
| 27 |
$8,562,880 |
$3,128,596
$406,737 |
$5,027,547 |
| 28 |
$8,991,040 |
$3,287,015
$427,074 |
$5,276,951 |
| 29 |
$9,440,640 |
$3,453,367
$448,430 |
$5,538,843 |
| 30 |
$9,912,640 |
$3,628,007
$470,850 |
$5,813,783 |
|
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