The jackpot for the MEGA Millions draw on Tue Apr 1, 2025, is projected to be $29 Million, with an option for a cash payout of $13.3 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 Apr 1, 2025 |
|---|
| Draw Date | Tue Apr 1, 2025 | | Projected Jackpot | $29,000,000 | | Cash Value | $13,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,300,000 | | Federal Tax(24%) | $3,192,000 | | Additional Federal Tax | $1,689,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $8,418,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$436,479 |
$121,828
$0 |
$314,651 |
| 2 |
$458,316 |
$129,907
$0 |
$328,409 |
| 3 |
$481,226 |
$138,384
$0 |
$342,842 |
| 4 |
$505,296 |
$147,290
$0 |
$358,006 |
| 5 |
$530,555 |
$156,636
$0 |
$373,919 |
| 6 |
$557,090 |
$166,454
$0 |
$390,636 |
| 7 |
$584,930 |
$176,754
$0 |
$408,176 |
| 8 |
$614,191 |
$187,581
$0 |
$426,610 |
| 9 |
$644,902 |
$198,944
$0 |
$445,958 |
| 10 |
$677,150 |
$210,876
$0 |
$466,274 |
| 11 |
$710,993 |
$223,398
$0 |
$487,595 |
| 12 |
$746,547 |
$236,553
$0 |
$509,994 |
| 13 |
$783,870 |
$250,362
$0 |
$533,508 |
| 14 |
$823,078 |
$264,869
$0 |
$558,209 |
| 15 |
$864,229 |
$280,095
$0 |
$584,134 |
| 16 |
$907,439 |
$296,083
$0 |
$611,356 |
| 17 |
$952,795 |
$312,865
$0 |
$639,930 |
| 18 |
$1,000,442 |
$330,494
$0 |
$669,948 |
| 19 |
$1,050,467 |
$349,003
$0 |
$701,464 |
| 20 |
$1,102,986 |
$368,435
$0 |
$734,551 |
| 21 |
$1,158,144 |
$388,844
$0 |
$769,300 |
| 22 |
$1,216,057 |
$410,271
$0 |
$805,786 |
| 23 |
$1,276,841 |
$432,762
$0 |
$844,079 |
| 24 |
$1,340,699 |
$456,389
$0 |
$884,310 |
| 25 |
$1,407,718 |
$481,186
$0 |
$926,532 |
| 26 |
$1,478,130 |
$507,238
$0 |
$970,892 |
| 27 |
$1,552,022 |
$534,579
$0 |
$1,017,443 |
| 28 |
$1,629,626 |
$563,292
$0 |
$1,066,334 |
| 29 |
$1,711,116 |
$593,443
$0 |
$1,117,673 |
| 30 |
$1,796,666 |
$625,097
$0 |
$1,171,569 |
|
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