The jackpot for the MEGA Millions draw on Tue May 13, 2025, is projected to be $110 Million, with an option for a cash payout of $49.4 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 Tue May 13, 2025 |
|---|
| Draw Date | Tue May 13, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,400,000 | | Federal Tax(24%) | $11,856,000 | | Additional Federal Tax | $6,382,330 | | State Tax(4.75%) | $2,346,500 | | Net Lumpsum Payment | $28,815,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$78,641 |
$1,004,063 |
| 2 |
$1,738,440 |
$603,553
$82,576 |
$1,052,311 |
| 3 |
$1,825,340 |
$635,706
$86,704 |
$1,102,930 |
| 4 |
$1,916,640 |
$669,487
$91,040 |
$1,156,113 |
| 5 |
$2,012,450 |
$704,937
$95,591 |
$1,211,922 |
| 6 |
$2,113,100 |
$742,177
$100,372 |
$1,270,551 |
| 7 |
$2,218,700 |
$781,249
$105,388 |
$1,332,063 |
| 8 |
$2,329,690 |
$822,316
$110,660 |
$1,396,714 |
| 9 |
$2,446,180 |
$865,417
$116,194 |
$1,464,569 |
| 10 |
$2,568,500 |
$910,675
$122,004 |
$1,535,821 |
| 11 |
$2,696,870 |
$958,172
$128,101 |
$1,610,597 |
| 12 |
$2,831,730 |
$1,008,070
$134,507 |
$1,689,153 |
| 13 |
$2,973,300 |
$1,060,451
$141,232 |
$1,771,617 |
| 14 |
$3,122,020 |
$1,115,478
$148,296 |
$1,858,246 |
| 15 |
$3,278,110 |
$1,173,231
$155,710 |
$1,949,169 |
| 16 |
$3,442,010 |
$1,233,874
$163,495 |
$2,044,641 |
| 17 |
$3,614,050 |
$1,297,529
$171,667 |
$2,144,854 |
| 18 |
$3,794,780 |
$1,364,399
$180,252 |
$2,250,129 |
| 19 |
$3,984,530 |
$1,434,606
$189,265 |
$2,360,659 |
| 20 |
$4,183,740 |
$1,508,314
$198,728 |
$2,476,698 |
| 21 |
$4,392,960 |
$1,585,726
$208,666 |
$2,598,568 |
| 22 |
$4,612,630 |
$1,667,003
$219,100 |
$2,726,527 |
| 23 |
$4,843,190 |
$1,752,311
$230,052 |
$2,860,827 |
| 24 |
$5,085,410 |
$1,841,932
$241,557 |
$3,001,921 |
| 25 |
$5,339,620 |
$1,935,990
$253,632 |
$3,149,998 |
| 26 |
$5,606,700 |
$2,034,809
$266,318 |
$3,305,573 |
| 27 |
$5,886,980 |
$2,138,513
$279,632 |
$3,468,835 |
| 28 |
$6,181,340 |
$2,247,426
$293,614 |
$3,640,300 |
| 29 |
$6,490,440 |
$2,361,793
$308,296 |
$3,820,351 |
| 30 |
$6,814,940 |
$2,481,858
$323,710 |
$4,009,372 |
|
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