The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 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 Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(4.75%) | $5,989,750 | | Net Lumpsum Payment | $73,492,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$200,178 |
$2,494,488 |
| 2 |
$4,425,120 |
$1,597,625
$210,193 |
$2,617,302 |
| 3 |
$4,646,320 |
$1,679,469
$220,700 |
$2,746,151 |
| 4 |
$4,878,720 |
$1,765,457
$231,739 |
$2,881,524 |
| 5 |
$5,122,600 |
$1,855,692
$243,324 |
$3,023,584 |
| 6 |
$5,378,800 |
$1,950,486
$255,493 |
$3,172,821 |
| 7 |
$5,647,600 |
$2,049,942
$268,261 |
$3,329,397 |
| 8 |
$5,930,120 |
$2,154,475
$281,681 |
$3,493,964 |
| 9 |
$6,226,640 |
$2,264,187
$295,765 |
$3,666,688 |
| 10 |
$6,538,000 |
$2,379,390
$310,555 |
$3,848,055 |
| 11 |
$6,864,760 |
$2,500,292
$326,076 |
$4,038,392 |
| 12 |
$7,208,040 |
$2,627,305
$342,382 |
$4,238,353 |
| 13 |
$7,568,400 |
$2,760,638
$359,499 |
$4,448,263 |
| 14 |
$7,946,960 |
$2,900,706
$377,481 |
$4,668,773 |
| 15 |
$8,344,280 |
$3,047,714
$396,353 |
$4,900,213 |
| 16 |
$8,761,480 |
$3,202,078
$416,170 |
$5,143,232 |
| 17 |
$9,199,400 |
$3,364,108
$436,972 |
$5,398,320 |
| 18 |
$9,659,440 |
$3,534,323
$458,823 |
$5,666,294 |
| 19 |
$10,142,440 |
$3,713,033
$481,766 |
$5,947,641 |
| 20 |
$10,649,520 |
$3,900,653
$505,852 |
$6,243,015 |
| 21 |
$11,182,080 |
$4,097,700
$531,149 |
$6,553,231 |
| 22 |
$11,741,240 |
$4,304,589
$557,709 |
$6,878,942 |
| 23 |
$12,328,120 |
$4,521,735
$585,586 |
$7,220,799 |
| 24 |
$12,944,680 |
$4,749,862
$614,872 |
$7,579,946 |
| 25 |
$13,591,760 |
$4,989,282
$645,609 |
$7,956,869 |
| 26 |
$14,271,600 |
$5,240,822
$677,901 |
$8,352,877 |
| 27 |
$14,985,040 |
$5,504,795
$711,789 |
$8,768,456 |
| 28 |
$15,734,320 |
$5,782,029
$747,380 |
$9,204,911 |
| 29 |
$16,521,120 |
$6,073,145
$784,753 |
$9,663,222 |
| 30 |
$17,347,120 |
$6,378,765
$823,988 |
$10,144,367 |
|
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