The jackpot for the MEGA Millions draw on Tue May 12, 2026, is projected to be $232 Million, with an option for a cash payout of $103.8 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 Carolina residents, the state will deduct 4.75% from your lottery earnings.
| North Carolina MEGA Millions Jackpot/Cash Option for Tue May 12, 2026 |
|---|
| Draw Date | Tue May 12, 2026 | | Projected Jackpot | $232,000,000 | | Cash Value | $103,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $103,800,000 | | Federal Tax(24%) | $24,912,000 | | Additional Federal Tax | $13,454,330 | | State Tax(4.75%) | $4,930,500 | | Net Lumpsum Payment | $60,503,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,491,832 |
$1,252,308
$165,862 |
$2,073,662 |
| 2 |
$3,666,528 |
$1,316,946
$174,160 |
$2,175,422 |
| 3 |
$3,849,808 |
$1,384,759
$182,866 |
$2,282,183 |
| 4 |
$4,042,368 |
$1,456,007
$192,012 |
$2,394,349 |
| 5 |
$4,244,440 |
$1,530,773
$201,611 |
$2,512,056 |
| 6 |
$4,456,720 |
$1,609,317
$211,694 |
$2,635,709 |
| 7 |
$4,679,440 |
$1,691,723
$222,273 |
$2,765,444 |
| 8 |
$4,913,528 |
$1,778,336
$233,393 |
$2,901,799 |
| 9 |
$5,159,216 |
$1,869,240
$245,063 |
$3,044,913 |
| 10 |
$5,417,200 |
$1,964,694
$257,317 |
$3,195,189 |
| 11 |
$5,687,944 |
$2,064,870
$270,177 |
$3,352,897 |
| 12 |
$5,972,376 |
$2,170,110
$283,688 |
$3,518,578 |
| 13 |
$6,270,960 |
$2,280,586
$297,871 |
$3,692,503 |
| 14 |
$6,584,624 |
$2,396,641
$312,770 |
$3,875,213 |
| 15 |
$6,913,832 |
$2,518,448
$328,407 |
$4,066,977 |
| 16 |
$7,259,512 |
$2,646,350
$344,827 |
$4,268,335 |
| 17 |
$7,622,360 |
$2,780,604
$362,062 |
$4,479,694 |
| 18 |
$8,003,536 |
$2,921,639
$380,168 |
$4,701,729 |
| 19 |
$8,403,736 |
$3,069,713
$399,177 |
$4,934,846 |
| 20 |
$8,823,888 |
$3,225,169
$419,135 |
$5,179,584 |
| 21 |
$9,265,152 |
$3,388,437
$440,095 |
$5,436,620 |
| 22 |
$9,728,456 |
$3,559,859
$462,102 |
$5,706,495 |
| 23 |
$10,214,728 |
$3,739,780
$485,200 |
$5,989,748 |
| 24 |
$10,725,592 |
$3,928,799
$509,466 |
$6,287,327 |
| 25 |
$11,261,744 |
$4,127,176
$534,933 |
$6,599,635 |
| 26 |
$11,825,040 |
$4,335,595
$561,689 |
$6,927,756 |
| 27 |
$12,416,176 |
$4,554,316
$589,768 |
$7,272,092 |
| 28 |
$13,037,008 |
$4,784,023
$619,258 |
$7,633,727 |
| 29 |
$13,688,928 |
$5,025,234
$650,224 |
$8,013,470 |
| 30 |
$14,373,328 |
$5,278,462
$682,733 |
$8,412,133 |
|
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