The jackpot for the MEGA Millions draw on Fri Jul 4, 2025, is projected to be $60 Million, with an option for a cash payout of $26.9 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 Dakota residents, the state will deduct 2.9% from your lottery earnings.
North Dakota MEGA Millions Jackpot/Cash Option for Fri Jul 4, 2025 |
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Draw Date | Fri Jul 4, 2025 | Projected Jackpot | $60,000,000 | Cash Value | $26,900,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $26,900,000 | Federal Tax(24%) | $6,456,000 | Additional Federal Tax | $3,457,330 | State Tax(2.9%) | $780,100 | Net Lumpsum Payment | $16,206,570 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$903,060 |
$294,463 $26,189 |
$582,408 |
2 |
$948,240 |
$311,179 $27,499 |
$609,562 |
3 |
$995,640 |
$328,717 $28,874 |
$638,049 |
4 |
$1,045,440 |
$347,143 $30,318 |
$667,979 |
5 |
$1,097,700 |
$366,479 $31,833 |
$699,388 |
6 |
$1,152,600 |
$386,792 $33,425 |
$732,383 |
7 |
$1,210,200 |
$408,104 $35,096 |
$767,000 |
8 |
$1,270,740 |
$430,504 $36,851 |
$803,385 |
9 |
$1,334,280 |
$454,014 $38,694 |
$841,572 |
10 |
$1,401,000 |
$478,700 $40,629 |
$881,671 |
11 |
$1,471,020 |
$504,608 $42,660 |
$923,752 |
12 |
$1,544,580 |
$531,825 $44,793 |
$967,962 |
13 |
$1,621,800 |
$560,396 $47,032 |
$1,014,372 |
14 |
$1,702,920 |
$590,411 $49,385 |
$1,063,124 |
15 |
$1,788,060 |
$621,913 $51,854 |
$1,114,293 |
16 |
$1,877,460 |
$654,991 $54,446 |
$1,168,023 |
17 |
$1,971,300 |
$689,711 $57,168 |
$1,224,421 |
18 |
$2,069,880 |
$726,186 $60,027 |
$1,283,667 |
19 |
$2,173,380 |
$764,481 $63,028 |
$1,345,871 |
20 |
$2,282,040 |
$804,685 $66,179 |
$1,411,176 |
21 |
$2,396,160 |
$846,910 $69,489 |
$1,479,761 |
22 |
$2,515,980 |
$891,243 $72,963 |
$1,551,774 |
23 |
$2,641,740 |
$937,774 $76,610 |
$1,627,356 |
24 |
$2,773,860 |
$986,659 $80,442 |
$1,706,759 |
25 |
$2,912,520 |
$1,037,963 $84,463 |
$1,790,094 |
26 |
$3,058,200 |
$1,091,864 $88,688 |
$1,877,648 |
27 |
$3,211,080 |
$1,148,430 $93,121 |
$1,969,529 |
28 |
$3,371,640 |
$1,207,837 $97,778 |
$2,066,025 |
29 |
$3,540,240 |
$1,270,219 $102,667 |
$2,167,354 |
30 |
$3,717,240 |
$1,335,709 $107,800 |
$2,273,731 |
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