Jackpot Analysis New Hampshire Mega Millions

Jackpot Analysis for New Hampshire Mega Millions
The jackpot for the MEGA Millions draw on Fri Nov 22, 2024, is projected to be $453 Million, with an option for a cash payout of $209.6 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 22, 2024
Draw DateFri Nov 22, 2024
Projected Jackpot$453,000,000
Cash Value$209,600,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$209,600,000
Federal Tax(24%)$50,304,000
Additional Federal Tax$27,208,330
State Tax(0%)$0
Net Lumpsum Payment$132,087,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $6,818,103 $2,483,028
$0
$4,335,075
2 $7,159,212 $2,609,239
$0
$4,549,973
3 $7,517,082 $2,741,651
$0
$4,775,431
4 $7,893,072 $2,880,767
$0
$5,012,305
5 $8,287,635 $3,026,755
$0
$5,260,880
6 $8,702,130 $3,180,118
$0
$5,522,012
7 $9,137,010 $3,341,024
$0
$5,795,986
8 $9,594,087 $3,510,143
$0
$6,083,944
9 $10,073,814 $3,687,642
$0
$6,386,172
10 $10,577,550 $3,874,024
$0
$6,703,526
11 $11,106,201 $4,069,625
$0
$7,036,576
12 $11,661,579 $4,275,115
$0
$7,386,464
13 $12,244,590 $4,490,829
$0
$7,753,761
14 $12,857,046 $4,717,437
$0
$8,139,609
15 $13,499,853 $4,955,276
$0
$8,544,577
16 $14,174,823 $5,205,015
$0
$8,969,808
17 $14,883,315 $5,467,157
$0
$9,416,158
18 $15,627,594 $5,742,540
$0
$9,885,054
19 $16,409,019 $6,031,667
$0
$10,377,352
20 $17,229,402 $6,335,209
$0
$10,894,193
21 $18,091,008 $6,654,003
$0
$11,437,005
22 $18,995,649 $6,988,721
$0
$12,006,928
23 $19,945,137 $7,340,031
$0
$12,605,106
24 $20,942,643 $7,709,108
$0
$13,233,535
25 $21,989,526 $8,096,455
$0
$13,893,071
26 $23,089,410 $8,503,412
$0
$14,585,998
27 $24,243,654 $8,930,482
$0
$15,313,172
28 $25,455,882 $9,379,007
$0
$16,076,875
29 $26,728,812 $9,849,991
$0
$16,878,821
30 $28,065,162 $10,344,440
$0
$17,720,722