Jackpot Analysis New Hampshire Mega Millions

Jackpot Analysis for New Hampshire Mega Millions
The jackpot for the MEGA Millions draw on Tue Feb 25, 2025, is projected to be $181 Million, with an option for a cash payout of $82.7 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 those living in New Hampshire, the bright side is you won't have to pay any state taxes on your lottery prize.

New Hampshire MEGA Millions Jackpot/Cash Option for Tue Feb 25, 2025
Draw DateTue Feb 25, 2025
Projected Jackpot$181,000,000
Cash Value$82,700,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$82,700,000
Federal Tax(24%)$19,848,000
Additional Federal Tax$10,711,330
State Tax(0%)$0
Net Lumpsum Payment$52,140,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,724,231 $968,296
$0
$1,755,935
2 $2,860,524 $1,018,724
$0
$1,841,800
3 $3,003,514 $1,071,631
$0
$1,931,883
4 $3,153,744 $1,127,216
$0
$2,026,528
5 $3,311,395 $1,185,547
$0
$2,125,848
6 $3,477,010 $1,246,824
$0
$2,230,186
7 $3,650,770 $1,311,115
$0
$2,339,655
8 $3,833,399 $1,378,688
$0
$2,454,711
9 $4,025,078 $1,449,609
$0
$2,575,469
10 $4,226,350 $1,524,080
$0
$2,702,270
11 $4,437,577 $1,602,234
$0
$2,835,343
12 $4,659,483 $1,684,339
$0
$2,975,144
13 $4,892,430 $1,770,529
$0
$3,121,901
14 $5,137,142 $1,861,073
$0
$3,276,069
15 $5,393,981 $1,956,103
$0
$3,437,878
16 $5,663,671 $2,055,889
$0
$3,607,782
17 $5,946,755 $2,160,630
$0
$3,786,125
18 $6,244,138 $2,270,661
$0
$3,973,477
19 $6,556,363 $2,386,185
$0
$4,170,178
20 $6,884,154 $2,507,467
$0
$4,376,687
21 $7,228,416 $2,634,844
$0
$4,593,572
22 $7,589,873 $2,768,583
$0
$4,821,290
23 $7,969,249 $2,908,953
$0
$5,060,296
24 $8,367,811 $3,056,420
$0
$5,311,391
25 $8,786,102 $3,211,188
$0
$5,574,914
26 $9,225,570 $3,373,791
$0
$5,851,779
27 $9,686,758 $3,544,431
$0
$6,142,327
28 $10,171,114 $3,723,643
$0
$6,447,471
29 $10,679,724 $3,911,828
$0
$6,767,896
30 $11,213,674 $4,109,390
$0
$7,104,284