The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Dakota residents, the state will deduct 2.9% from your lottery earnings.
North Dakota MEGA Millions Jackpot/Cash Option for Fri Aug 8, 2025 |
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Draw Date | Fri Aug 8, 2025 | Projected Jackpot | $166,000,000 | Cash Value | $75,200,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $75,200,000 | Federal Tax(24%) | $18,048,000 | Additional Federal Tax | $9,736,330 | State Tax(2.9%) | $2,180,800 | Net Lumpsum Payment | $45,234,870 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$2,498,466 |
$884,763 $72,456 |
$1,541,247 |
2 |
$2,623,464 |
$931,012 $76,080 |
$1,616,372 |
3 |
$2,754,604 |
$979,534 $79,884 |
$1,695,186 |
4 |
$2,892,384 |
$1,030,512 $83,879 |
$1,777,993 |
5 |
$3,036,970 |
$1,084,009 $88,072 |
$1,864,889 |
6 |
$3,188,860 |
$1,140,209 $92,477 |
$1,956,174 |
7 |
$3,348,220 |
$1,199,172 $97,098 |
$2,051,950 |
8 |
$3,515,714 |
$1,261,145 $101,956 |
$2,152,613 |
9 |
$3,691,508 |
$1,326,188 $107,054 |
$2,258,266 |
10 |
$3,876,100 |
$1,394,487 $112,407 |
$2,369,206 |
11 |
$4,069,822 |
$1,466,165 $118,025 |
$2,485,632 |
12 |
$4,273,338 |
$1,541,465 $123,927 |
$2,607,946 |
13 |
$4,486,980 |
$1,620,513 $130,122 |
$2,736,345 |
14 |
$4,711,412 |
$1,703,553 $136,631 |
$2,871,228 |
15 |
$4,946,966 |
$1,790,708 $143,462 |
$3,012,796 |
16 |
$5,194,306 |
$1,882,224 $150,635 |
$3,161,447 |
17 |
$5,453,930 |
$1,978,284 $158,164 |
$3,317,482 |
18 |
$5,726,668 |
$2,079,198 $166,073 |
$3,481,397 |
19 |
$6,013,018 |
$2,185,147 $174,378 |
$3,653,493 |
20 |
$6,313,644 |
$2,296,379 $183,096 |
$3,834,169 |
21 |
$6,629,376 |
$2,413,200 $192,252 |
$4,023,924 |
22 |
$6,960,878 |
$2,535,855 $201,865 |
$4,223,158 |
23 |
$7,308,814 |
$2,664,592 $211,956 |
$4,432,266 |
24 |
$7,674,346 |
$2,799,838 $222,556 |
$4,651,952 |
25 |
$8,057,972 |
$2,941,780 $233,681 |
$4,882,511 |
26 |
$8,461,020 |
$3,090,908 $245,370 |
$5,124,742 |
27 |
$8,883,988 |
$3,247,406 $257,636 |
$5,378,946 |
28 |
$9,328,204 |
$3,411,766 $270,518 |
$5,645,920 |
29 |
$9,794,664 |
$3,584,356 $284,045 |
$5,926,263 |
30 |
$10,284,364 |
$3,765,545 $298,247 |
$6,220,572 |
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