Jackpot Analysis North Carolina Mega Millions

Jackpot Analysis for North Carolina Mega Millions
The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 Jun 27, 2025
Draw DateFri Jun 27, 2025
Projected Jackpot$348,000,000
Cash Value$155,500,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$155,500,000
Federal Tax(24%)$37,320,000
Additional Federal Tax$20,175,330
State Tax(4.75%)$7,386,250
Net Lumpsum Payment$90,618,420
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $5,237,748 $1,898,297
$248,793
$3,090,658
2 $5,499,792 $1,995,253
$261,240
$3,243,299
3 $5,774,712 $2,096,974
$274,299
$3,403,439
4 $6,063,552 $2,203,845
$288,019
$3,571,688
5 $6,366,660 $2,315,995
$302,416
$3,748,249
6 $6,685,080 $2,433,810
$317,541
$3,933,729
7 $7,019,160 $2,557,420
$333,410
$4,128,330
8 $7,370,292 $2,687,338
$350,089
$4,332,865
9 $7,738,824 $2,823,695
$367,594
$4,547,535
10 $8,125,800 $2,966,876
$385,976
$4,772,948
11 $8,531,916 $3,117,139
$405,266
$5,009,511
12 $8,958,564 $3,274,999
$425,532
$5,258,033
13 $9,406,440 $3,440,713
$446,806
$5,518,921
14 $9,876,936 $3,614,797
$469,154
$5,792,985
15 $10,370,748 $3,797,507
$492,611
$6,080,630
16 $10,889,268 $3,989,360
$517,240
$6,382,668
17 $11,433,540 $4,190,740
$543,093
$6,699,707
18 $12,005,304 $4,402,293
$570,252
$7,032,759
19 $12,605,604 $4,624,404
$598,766
$7,382,434
20 $13,235,832 $4,857,588
$628,702
$7,749,542
21 $13,897,728 $5,102,490
$660,142
$8,135,096
22 $14,592,684 $5,359,623
$693,152
$8,539,909
23 $15,322,092 $5,629,504
$727,799
$8,964,789
24 $16,088,388 $5,913,034
$764,198
$9,411,156
25 $16,892,616 $6,210,598
$802,399
$9,879,619
26 $17,737,560 $6,523,228
$842,534
$10,371,798
27 $18,624,264 $6,851,308
$884,653
$10,888,303
28 $19,555,512 $7,195,870
$928,887
$11,430,755
29 $20,533,392 $7,557,685
$975,336
$12,000,371
30 $21,559,992 $7,937,527
$1,024,100
$12,598,365