Jackpot Analysis North Carolina Mega Millions

Jackpot Analysis for North Carolina Mega Millions
The jackpot for the MEGA Millions draw on Fri Jul 25, 2025, is projected to be $120 Million, with an option for a cash payout of $52.8 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 Fri Jul 25, 2025
Draw DateFri Jul 25, 2025
Projected Jackpot$120,000,000
Cash Value$52,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$52,800,000
Federal Tax(24%)$12,672,000
Additional Federal Tax$6,824,330
State Tax(4.75%)$2,508,000
Net Lumpsum Payment$30,795,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,806,120 $628,595
$85,791
$1,091,734
2 $1,896,480 $662,028
$90,083
$1,144,369
3 $1,991,280 $697,104
$94,586
$1,199,590
4 $2,090,880 $733,956
$99,317
$1,257,607
5 $2,195,400 $772,628
$104,282
$1,318,490
6 $2,305,200 $813,254
$109,497
$1,382,449
7 $2,420,400 $855,878
$114,969
$1,449,553
8 $2,541,480 $900,678
$120,720
$1,520,082
9 $2,668,560 $947,698
$126,757
$1,594,105
10 $2,802,000 $997,070
$133,095
$1,671,835
11 $2,942,040 $1,048,885
$139,747
$1,753,408
12 $3,089,160 $1,103,320
$146,735
$1,839,105
13 $3,243,600 $1,160,462
$154,071
$1,929,067
14 $3,405,840 $1,220,491
$161,777
$2,023,572
15 $3,576,120 $1,283,495
$169,866
$2,122,759
16 $3,754,920 $1,349,651
$178,359
$2,226,910
17 $3,942,600 $1,419,092
$187,274
$2,336,234
18 $4,139,760 $1,492,042
$196,639
$2,451,079
19 $4,346,760 $1,568,632
$206,471
$2,571,657
20 $4,564,080 $1,649,040
$216,794
$2,698,246
21 $4,792,320 $1,733,489
$227,635
$2,831,196
22 $5,031,960 $1,822,156
$239,018
$2,970,786
23 $5,283,480 $1,915,218
$250,965
$3,117,297
24 $5,547,720 $2,012,987
$263,517
$3,271,216
25 $5,825,040 $2,115,595
$276,689
$3,432,756
26 $6,116,400 $2,223,398
$290,529
$3,602,473
27 $6,422,160 $2,336,530
$305,053
$3,780,577
28 $6,743,280 $2,455,344
$320,306
$3,967,630
29 $7,080,480 $2,580,108
$336,323
$4,164,049
30 $7,434,480 $2,711,088
$353,138
$4,370,254