The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Aug 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(4.75%) | $3,572,000 | | Net Lumpsum Payment | $43,843,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$118,677 |
$1,495,026 |
| 2 |
$2,623,464 |
$931,012
$124,615 |
$1,567,837 |
| 3 |
$2,754,604 |
$979,534
$130,844 |
$1,644,226 |
| 4 |
$2,892,384 |
$1,030,512
$137,388 |
$1,724,484 |
| 5 |
$3,036,970 |
$1,084,009
$144,256 |
$1,808,705 |
| 6 |
$3,188,860 |
$1,140,209
$151,471 |
$1,897,180 |
| 7 |
$3,348,220 |
$1,199,172
$159,040 |
$1,990,008 |
| 8 |
$3,515,714 |
$1,261,145
$166,996 |
$2,087,573 |
| 9 |
$3,691,508 |
$1,326,188
$175,347 |
$2,189,973 |
| 10 |
$3,876,100 |
$1,394,487
$184,115 |
$2,297,498 |
| 11 |
$4,069,822 |
$1,466,165
$193,317 |
$2,410,340 |
| 12 |
$4,273,338 |
$1,541,465
$202,984 |
$2,528,889 |
| 13 |
$4,486,980 |
$1,620,513
$213,132 |
$2,653,335 |
| 14 |
$4,711,412 |
$1,703,553
$223,792 |
$2,784,067 |
| 15 |
$4,946,966 |
$1,790,708
$234,981 |
$2,921,277 |
| 16 |
$5,194,306 |
$1,882,224
$246,730 |
$3,065,352 |
| 17 |
$5,453,930 |
$1,978,284
$259,062 |
$3,216,584 |
| 18 |
$5,726,668 |
$2,079,198
$272,017 |
$3,375,453 |
| 19 |
$6,013,018 |
$2,185,147
$285,618 |
$3,542,253 |
| 20 |
$6,313,644 |
$2,296,379
$299,898 |
$3,717,367 |
| 21 |
$6,629,376 |
$2,413,200
$314,895 |
$3,901,281 |
| 22 |
$6,960,878 |
$2,535,855
$330,642 |
$4,094,381 |
| 23 |
$7,308,814 |
$2,664,592
$347,169 |
$4,297,053 |
| 24 |
$7,674,346 |
$2,799,838
$364,531 |
$4,509,977 |
| 25 |
$8,057,972 |
$2,941,780
$382,754 |
$4,733,438 |
| 26 |
$8,461,020 |
$3,090,908
$401,898 |
$4,968,214 |
| 27 |
$8,883,988 |
$3,247,406
$421,989 |
$5,214,593 |
| 28 |
$9,328,204 |
$3,411,766
$443,090 |
$5,473,348 |
| 29 |
$9,794,664 |
$3,584,356
$465,247 |
$5,745,061 |
| 30 |
$10,284,364 |
$3,765,545
$488,507 |
$6,030,312 |
|
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