The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 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 May 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(4.75%) | $5,334,250 | | Net Lumpsum Payment | $65,454,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$179,446 |
$2,240,238 |
| 2 |
$3,966,804 |
$1,428,048
$188,423 |
$2,350,333 |
| 3 |
$4,165,094 |
$1,501,415
$197,842 |
$2,465,837 |
| 4 |
$4,373,424 |
$1,578,497
$207,738 |
$2,587,189 |
| 5 |
$4,592,045 |
$1,659,387
$218,122 |
$2,714,536 |
| 6 |
$4,821,710 |
$1,744,363
$229,031 |
$2,848,316 |
| 7 |
$5,062,670 |
$1,833,518
$240,477 |
$2,988,675 |
| 8 |
$5,315,929 |
$1,927,224
$252,507 |
$3,136,198 |
| 9 |
$5,581,738 |
$2,025,573
$265,133 |
$3,291,032 |
| 10 |
$5,860,850 |
$2,128,845
$278,390 |
$3,453,615 |
| 11 |
$6,153,767 |
$2,237,224
$292,304 |
$3,624,239 |
| 12 |
$6,461,493 |
$2,351,083
$306,921 |
$3,803,489 |
| 13 |
$6,784,530 |
$2,470,606
$322,265 |
$3,991,659 |
| 14 |
$7,123,882 |
$2,596,167
$338,384 |
$4,189,331 |
| 15 |
$7,480,051 |
$2,727,949
$355,302 |
$4,396,800 |
| 16 |
$7,854,041 |
$2,866,326
$373,067 |
$4,614,648 |
| 17 |
$8,246,605 |
$3,011,574
$391,714 |
$4,843,317 |
| 18 |
$8,658,998 |
$3,164,160
$411,302 |
$5,083,536 |
| 19 |
$9,091,973 |
$3,324,360
$431,869 |
$5,335,744 |
| 20 |
$9,546,534 |
$3,492,548
$453,460 |
$5,600,526 |
| 21 |
$10,023,936 |
$3,669,187
$476,137 |
$5,878,612 |
| 22 |
$10,525,183 |
$3,854,648
$499,946 |
$6,170,589 |
| 23 |
$11,051,279 |
$4,049,304
$524,936 |
$6,477,039 |
| 24 |
$11,603,981 |
$4,253,803
$551,189 |
$6,798,989 |
| 25 |
$12,184,042 |
$4,468,426
$578,742 |
$7,136,874 |
| 26 |
$12,793,470 |
$4,693,914
$607,690 |
$7,491,866 |
| 27 |
$13,433,018 |
$4,930,547
$638,068 |
$7,864,403 |
| 28 |
$14,104,694 |
$5,179,067
$669,973 |
$8,255,654 |
| 29 |
$14,810,004 |
$5,440,032
$703,475 |
$8,666,497 |
| 30 |
$15,550,454 |
$5,713,998
$738,647 |
$9,097,809 |
|
|
