The jackpot for the MEGA Millions draw on Fri Oct 24, 2025, is projected to be $680 Million, with an option for a cash payout of $318.2 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 Fri Oct 24, 2025 |
|---|
| Draw Date | Fri Oct 24, 2025 | | Projected Jackpot | $680,000,000 | | Cash Value | $318,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $318,200,000 | | Federal Tax(24%) | $76,368,000 | | Additional Federal Tax | $41,326,330 | | State Tax(4.75%) | $15,114,500 | | Net Lumpsum Payment | $185,391,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,234,680 |
$3,747,162
$486,147 |
$6,001,371 |
| 2 |
$10,746,720 |
$3,936,617
$510,469 |
$6,299,634 |
| 3 |
$11,283,920 |
$4,135,381
$535,986 |
$6,612,553 |
| 4 |
$11,848,320 |
$4,344,209
$562,795 |
$6,941,316 |
| 5 |
$12,440,600 |
$4,563,352
$590,929 |
$7,286,319 |
| 6 |
$13,062,800 |
$4,793,566
$620,483 |
$7,648,751 |
| 7 |
$13,715,600 |
$5,035,102
$651,491 |
$8,029,007 |
| 8 |
$14,401,720 |
$5,288,967
$684,082 |
$8,428,671 |
| 9 |
$15,121,840 |
$5,555,411
$718,287 |
$8,848,142 |
| 10 |
$15,878,000 |
$5,835,190
$754,205 |
$9,288,605 |
| 11 |
$16,671,560 |
$6,128,808
$791,899 |
$9,750,853 |
| 12 |
$17,505,240 |
$6,437,269
$831,499 |
$10,236,472 |
| 13 |
$18,380,400 |
$6,761,078
$873,069 |
$10,746,253 |
| 14 |
$19,299,760 |
$7,101,242
$916,739 |
$11,281,779 |
| 15 |
$20,264,680 |
$7,458,262
$962,572 |
$11,843,846 |
| 16 |
$21,277,880 |
$7,833,146
$1,010,699 |
$12,434,035 |
| 17 |
$22,341,400 |
$8,226,648
$1,061,217 |
$13,053,535 |
| 18 |
$23,458,640 |
$8,640,027
$1,114,285 |
$13,704,328 |
| 19 |
$24,631,640 |
$9,074,037
$1,170,003 |
$14,387,600 |
| 20 |
$25,863,120 |
$9,529,685
$1,228,498 |
$15,104,937 |
| 21 |
$27,156,480 |
$10,008,228
$1,289,933 |
$15,858,319 |
| 22 |
$28,514,440 |
$10,510,673
$1,354,436 |
$16,649,331 |
| 23 |
$29,939,720 |
$11,038,027
$1,422,137 |
$17,479,556 |
| 24 |
$31,437,080 |
$11,592,050
$1,493,261 |
$18,351,769 |
| 25 |
$33,008,560 |
$12,173,498
$1,567,907 |
$19,267,155 |
| 26 |
$34,659,600 |
$12,784,382
$1,646,331 |
$20,228,887 |
| 27 |
$36,392,240 |
$13,425,459
$1,728,631 |
$21,238,150 |
| 28 |
$38,211,920 |
$14,098,741
$1,815,066 |
$22,298,113 |
| 29 |
$40,122,720 |
$14,805,737
$1,905,829 |
$23,411,154 |
| 30 |
$42,128,720 |
$15,547,957
$2,001,114 |
$24,579,649 |
|
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