Jackpot Analysis New Hampshire Mega Millions

Jackpot Analysis for New Hampshire Mega Millions
The jackpot for the MEGA Millions draw on Fri Nov 1, 2024, is projected to be $281 Million, with an option for a cash payout of $129.8 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 Fri Nov 1, 2024
Draw DateFri Nov 1, 2024
Projected Jackpot$281,000,000
Cash Value$129,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$129,800,000
Federal Tax(24%)$31,152,000
Additional Federal Tax$16,834,330
State Tax(0%)$0
Net Lumpsum Payment$81,813,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $4,229,331 $1,525,183
$0
$2,704,148
2 $4,440,924 $1,603,472
$0
$2,837,452
3 $4,662,914 $1,685,609
$0
$2,977,305
4 $4,896,144 $1,771,904
$0
$3,124,240
5 $5,140,895 $1,862,462
$0
$3,278,433
6 $5,398,010 $1,957,594
$0
$3,440,416
7 $5,667,770 $2,057,405
$0
$3,610,365
8 $5,951,299 $2,162,311
$0
$3,788,988
9 $6,248,878 $2,272,415
$0
$3,976,463
10 $6,561,350 $2,388,030
$0
$4,173,320
11 $6,889,277 $2,509,363
$0
$4,379,914
12 $7,233,783 $2,636,830
$0
$4,596,953
13 $7,595,430 $2,770,639
$0
$4,824,791
14 $7,975,342 $2,911,207
$0
$5,064,135
15 $8,374,081 $3,058,740
$0
$5,315,341
16 $8,792,771 $3,213,656
$0
$5,579,115
17 $9,232,255 $3,376,265
$0
$5,855,990
18 $9,693,938 $3,547,087
$0
$6,146,851
19 $10,178,663 $3,726,436
$0
$6,452,227
20 $10,687,554 $3,914,725
$0
$6,772,829
21 $11,222,016 $4,112,476
$0
$7,109,540
22 $11,783,173 $4,320,104
$0
$7,463,069
23 $12,372,149 $4,538,026
$0
$7,834,123
24 $12,990,911 $4,766,967
$0
$8,223,944
25 $13,640,302 $5,007,242
$0
$8,633,060
26 $14,322,570 $5,259,681
$0
$9,062,889
27 $15,038,558 $5,524,597
$0
$9,513,961
28 $15,790,514 $5,802,821
$0
$9,987,693
29 $16,580,124 $6,094,976
$0
$10,485,148
30 $17,409,074 $6,401,688
$0
$11,007,386