The jackpot for the MEGA Millions draw on Fri Oct 30, 2026, is projected to be $463 Million, with an option for a cash payout of $194.9 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 30, 2026 |
|---|
| Draw Date | Fri Oct 30, 2026 | | Projected Jackpot | $463,000,000 | | Cash Value | $194,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $194,900,000 | | Federal Tax(24%) | $46,776,000 | | Additional Federal Tax | $25,297,330 | | State Tax(4.75%) | $9,257,750 | | Net Lumpsum Payment | $113,568,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,968,613 |
$2,538,717
$331,009 |
$4,098,887 |
| 2 |
$7,317,252 |
$2,667,714
$347,569 |
$4,301,969 |
| 3 |
$7,683,022 |
$2,803,049
$364,944 |
$4,515,029 |
| 4 |
$8,067,312 |
$2,945,236
$383,197 |
$4,738,879 |
| 5 |
$8,470,585 |
$3,094,447
$402,353 |
$4,973,785 |
| 6 |
$8,894,230 |
$3,251,195
$422,476 |
$5,220,559 |
| 7 |
$9,338,710 |
$3,415,653
$443,589 |
$5,479,468 |
| 8 |
$9,805,877 |
$3,588,505
$465,779 |
$5,751,593 |
| 9 |
$10,296,194 |
$3,769,922
$489,069 |
$6,037,203 |
| 10 |
$10,811,050 |
$3,960,419
$513,525 |
$6,337,106 |
| 11 |
$11,351,371 |
$4,160,338
$539,190 |
$6,651,843 |
| 12 |
$11,919,009 |
$4,370,364
$566,153 |
$6,982,492 |
| 13 |
$12,514,890 |
$4,590,840
$594,457 |
$7,329,593 |
| 14 |
$13,140,866 |
$4,822,451
$624,191 |
$7,694,224 |
| 15 |
$13,797,863 |
$5,065,540
$655,398 |
$8,076,925 |
| 16 |
$14,487,733 |
$5,320,792
$688,167 |
$8,478,774 |
| 17 |
$15,211,865 |
$5,588,720
$722,564 |
$8,900,581 |
| 18 |
$15,972,574 |
$5,870,183
$758,697 |
$9,343,694 |
| 19 |
$16,771,249 |
$6,165,693
$796,634 |
$9,808,922 |
| 20 |
$17,609,742 |
$6,475,935
$836,463 |
$10,297,344 |
| 21 |
$18,490,368 |
$6,801,767
$878,292 |
$10,810,309 |
| 22 |
$19,414,979 |
$7,143,873
$922,212 |
$11,348,894 |
| 23 |
$20,385,427 |
$7,502,938
$968,308 |
$11,914,181 |
| 24 |
$21,404,953 |
$7,880,163
$1,016,735 |
$12,508,055 |
| 25 |
$22,474,946 |
$8,276,060
$1,067,560 |
$13,131,326 |
| 26 |
$23,599,110 |
$8,692,001
$1,120,958 |
$13,786,151 |
| 27 |
$24,778,834 |
$9,128,499
$1,176,995 |
$14,473,340 |
| 28 |
$26,017,822 |
$9,586,925
$1,235,847 |
$15,195,050 |
| 29 |
$27,318,852 |
$10,068,306
$1,297,645 |
$15,952,901 |
| 30 |
$28,684,702 |
$10,573,670
$1,362,523 |
$16,748,509 |
|
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