Jackpot Analysis New Hampshire Mega Millions

Jackpot Analysis for New Hampshire Mega Millions
The jackpot for the MEGA Millions draw on Fri Nov 15, 2024, is projected to be $387 Million, with an option for a cash payout of $181.4 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 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 Fri Nov 15, 2024
Draw DateFri Nov 15, 2024
Projected Jackpot$387,000,000
Cash Value$181,400,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$181,400,000
Federal Tax(24%)$43,536,000
Additional Federal Tax$23,542,330
State Tax(0%)$0
Net Lumpsum Payment$114,321,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $5,824,737 $2,115,483
$0
$3,709,254
2 $6,116,148 $2,223,305
$0
$3,892,843
3 $6,421,878 $2,336,425
$0
$4,085,453
4 $6,743,088 $2,455,273
$0
$4,287,815
5 $7,080,165 $2,579,991
$0
$4,500,174
6 $7,434,270 $2,711,010
$0
$4,723,260
7 $7,805,790 $2,848,473
$0
$4,957,317
8 $8,196,273 $2,992,951
$0
$5,203,322
9 $8,606,106 $3,144,590
$0
$5,461,516
10 $9,036,450 $3,303,817
$0
$5,732,633
11 $9,488,079 $3,470,920
$0
$6,017,159
12 $9,962,541 $3,646,471
$0
$6,316,070
13 $10,460,610 $3,830,756
$0
$6,629,854
14 $10,983,834 $4,024,349
$0
$6,959,485
15 $11,532,987 $4,227,536
$0
$7,305,451
16 $12,109,617 $4,440,889
$0
$7,668,728
17 $12,714,885 $4,664,838
$0
$8,050,047
18 $13,350,726 $4,900,099
$0
$8,450,627
19 $14,018,301 $5,147,102
$0
$8,871,199
20 $14,719,158 $5,406,419
$0
$9,312,739
21 $15,455,232 $5,678,766
$0
$9,776,466
22 $16,228,071 $5,964,717
$0
$10,263,354
23 $17,039,223 $6,264,843
$0
$10,774,380
24 $17,891,397 $6,580,147
$0
$11,311,250
25 $18,785,754 $6,911,059
$0
$11,874,695
26 $19,725,390 $7,258,725
$0
$12,466,665
27 $20,711,466 $7,623,573
$0
$13,087,893
28 $21,747,078 $8,006,749
$0
$13,740,329
29 $22,834,548 $8,409,113
$0
$14,425,435
30 $23,976,198 $8,831,524
$0
$15,144,674