The jackpot for the MEGA Millions draw on Tue Jul 14, 2026, is projected to be $637 Million, with an option for a cash payout of $278 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 Jul 14, 2026 |
|---|
| Draw Date | Tue Jul 14, 2026 | | Projected Jackpot | $637,000,000 | | Cash Value | $278,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $278,000,000 | | Federal Tax(24%) | $66,720,000 | | Additional Federal Tax | $36,100,330 | | State Tax(4.75%) | $13,205,000 | | Net Lumpsum Payment | $161,974,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,587,487 |
$3,507,701
$455,406 |
$5,624,380 |
| 2 |
$10,067,148 |
$3,685,175
$478,190 |
$5,903,783 |
| 3 |
$10,570,378 |
$3,871,370
$502,093 |
$6,196,915 |
| 4 |
$11,099,088 |
$4,066,993
$527,207 |
$6,504,888 |
| 5 |
$11,653,915 |
$4,272,279
$553,561 |
$6,828,075 |
| 6 |
$12,236,770 |
$4,487,935
$581,247 |
$7,167,588 |
| 7 |
$12,848,290 |
$4,714,198
$610,294 |
$7,523,798 |
| 8 |
$13,491,023 |
$4,952,009
$640,824 |
$7,898,190 |
| 9 |
$14,165,606 |
$5,201,605
$672,866 |
$8,291,135 |
| 10 |
$14,873,950 |
$5,463,692
$706,513 |
$8,703,745 |
| 11 |
$15,617,329 |
$5,738,742
$741,823 |
$9,136,764 |
| 12 |
$16,398,291 |
$6,027,698
$778,919 |
$9,591,674 |
| 13 |
$17,218,110 |
$6,331,031
$817,860 |
$10,069,219 |
| 14 |
$18,079,334 |
$6,649,684
$858,768 |
$10,570,882 |
| 15 |
$18,983,237 |
$6,984,128
$901,704 |
$11,097,405 |
| 16 |
$19,932,367 |
$7,335,306
$946,787 |
$11,650,274 |
| 17 |
$20,928,635 |
$7,703,925
$994,110 |
$12,230,600 |
| 18 |
$21,975,226 |
$8,091,164
$1,043,823 |
$12,840,239 |
| 19 |
$23,074,051 |
$8,497,729
$1,096,017 |
$13,480,305 |
| 20 |
$24,227,658 |
$8,924,564
$1,150,814 |
$14,152,280 |
| 21 |
$25,439,232 |
$9,372,846
$1,208,364 |
$14,858,022 |
| 22 |
$26,711,321 |
$9,843,519
$1,268,788 |
$15,599,014 |
| 23 |
$28,046,473 |
$10,337,525
$1,332,207 |
$16,376,741 |
| 24 |
$29,449,147 |
$10,856,515
$1,398,834 |
$17,193,798 |
| 25 |
$30,921,254 |
$11,401,194
$1,468,760 |
$18,051,300 |
| 26 |
$32,467,890 |
$11,973,450
$1,542,225 |
$18,952,215 |
| 27 |
$34,090,966 |
$12,573,988
$1,619,321 |
$19,897,657 |
| 28 |
$35,795,578 |
$13,204,694
$1,700,290 |
$20,890,594 |
| 29 |
$37,585,548 |
$13,866,983
$1,785,314 |
$21,933,251 |
| 30 |
$39,464,698 |
$14,562,269
$1,874,573 |
$23,027,856 |
|
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