The jackpot for the MEGA Millions draw on Tue May 6, 2025, is projected to be $90 Million, with an option for a cash payout of $40.8 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 those living in New Hampshire, the bright side is you won't have to pay any state taxes on your lottery prize.
| New Hampshire MEGA Millions Jackpot/Cash Option for Tue May 6, 2025 |
|---|
| Draw Date | Tue May 6, 2025 | | Projected Jackpot | $90,000,000 | | Cash Value | $40,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $40,800,000 | | Federal Tax(24%) | $9,792,000 | | Additional Federal Tax | $5,264,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $25,743,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,354,590 |
$461,529
$0 |
$893,061 |
| 2 |
$1,422,360 |
$486,604
$0 |
$935,756 |
| 3 |
$1,493,460 |
$512,911
$0 |
$980,549 |
| 4 |
$1,568,160 |
$540,550
$0 |
$1,027,610 |
| 5 |
$1,646,550 |
$569,554
$0 |
$1,076,996 |
| 6 |
$1,728,900 |
$600,023
$0 |
$1,128,877 |
| 7 |
$1,815,300 |
$631,991
$0 |
$1,183,309 |
| 8 |
$1,906,110 |
$665,591
$0 |
$1,240,519 |
| 9 |
$2,001,420 |
$700,856
$0 |
$1,300,564 |
| 10 |
$2,101,500 |
$737,885
$0 |
$1,363,615 |
| 11 |
$2,206,530 |
$776,746
$0 |
$1,429,784 |
| 12 |
$2,316,870 |
$817,572
$0 |
$1,499,298 |
| 13 |
$2,432,700 |
$860,429
$0 |
$1,572,271 |
| 14 |
$2,554,380 |
$905,451
$0 |
$1,648,929 |
| 15 |
$2,682,090 |
$952,704
$0 |
$1,729,386 |
| 16 |
$2,816,190 |
$1,002,321
$0 |
$1,813,869 |
| 17 |
$2,956,950 |
$1,054,402
$0 |
$1,902,548 |
| 18 |
$3,104,820 |
$1,109,114
$0 |
$1,995,706 |
| 19 |
$3,260,070 |
$1,166,556
$0 |
$2,093,514 |
| 20 |
$3,423,060 |
$1,226,863
$0 |
$2,196,197 |
| 21 |
$3,594,240 |
$1,290,199
$0 |
$2,304,041 |
| 22 |
$3,773,970 |
$1,356,699
$0 |
$2,417,271 |
| 23 |
$3,962,610 |
$1,426,496
$0 |
$2,536,114 |
| 24 |
$4,160,790 |
$1,499,823
$0 |
$2,660,967 |
| 25 |
$4,368,780 |
$1,576,779
$0 |
$2,792,001 |
| 26 |
$4,587,300 |
$1,657,631
$0 |
$2,929,669 |
| 27 |
$4,816,620 |
$1,742,480
$0 |
$3,074,140 |
| 28 |
$5,057,460 |
$1,831,591
$0 |
$3,225,869 |
| 29 |
$5,310,360 |
$1,925,164
$0 |
$3,385,196 |
| 30 |
$5,575,860 |
$2,023,399
$0 |
$3,552,461 |
|
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