The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 Dakota residents, the state will deduct 2.9% from your lottery earnings.
North Dakota MEGA Millions Jackpot/Cash Option for Tue Aug 5, 2025 |
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Draw Date | Tue Aug 5, 2025 | Projected Jackpot | $150,000,000 | Cash Value | $67,900,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $67,900,000 | Federal Tax(24%) | $16,296,000 | Additional Federal Tax | $8,787,330 | State Tax(2.9%) | $1,969,100 | Net Lumpsum Payment | $40,847,570 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$2,257,650 |
$795,661 $65,472 |
$1,396,517 |
2 |
$2,370,600 |
$837,452 $68,747 |
$1,464,401 |
3 |
$2,489,100 |
$881,297 $72,184 |
$1,535,619 |
4 |
$2,613,600 |
$927,362 $75,794 |
$1,610,444 |
5 |
$2,744,250 |
$975,703 $79,583 |
$1,688,964 |
6 |
$2,881,500 |
$1,026,485 $83,564 |
$1,771,451 |
7 |
$3,025,500 |
$1,079,765 $87,740 |
$1,857,995 |
8 |
$3,176,850 |
$1,135,765 $92,129 |
$1,948,956 |
9 |
$3,335,700 |
$1,194,539 $96,735 |
$2,044,426 |
10 |
$3,502,500 |
$1,256,255 $101,573 |
$2,144,672 |
11 |
$3,677,550 |
$1,321,024 $106,649 |
$2,249,877 |
12 |
$3,861,450 |
$1,389,067 $111,982 |
$2,360,401 |
13 |
$4,054,500 |
$1,460,495 $117,581 |
$2,476,424 |
14 |
$4,257,300 |
$1,535,531 $123,462 |
$2,598,307 |
15 |
$4,470,150 |
$1,614,286 $129,634 |
$2,726,230 |
16 |
$4,693,650 |
$1,696,981 $136,116 |
$2,860,553 |
17 |
$4,928,250 |
$1,783,783 $142,919 |
$3,001,548 |
18 |
$5,174,700 |
$1,874,969 $150,066 |
$3,149,665 |
19 |
$5,433,450 |
$1,970,707 $157,570 |
$3,305,173 |
20 |
$5,705,100 |
$2,071,217 $165,448 |
$3,468,435 |
21 |
$5,990,400 |
$2,176,778 $173,722 |
$3,639,900 |
22 |
$6,289,950 |
$2,287,612 $182,409 |
$3,819,929 |
23 |
$6,604,350 |
$2,403,940 $191,526 |
$4,008,884 |
24 |
$6,934,650 |
$2,526,151 $201,105 |
$4,207,394 |
25 |
$7,281,300 |
$2,654,411 $211,158 |
$4,415,731 |
26 |
$7,645,500 |
$2,789,165 $221,720 |
$4,634,615 |
27 |
$8,027,700 |
$2,930,579 $232,803 |
$4,864,318 |
28 |
$8,429,100 |
$3,079,097 $244,444 |
$5,105,559 |
29 |
$8,850,600 |
$3,235,052 $256,667 |
$5,358,881 |
30 |
$9,293,100 |
$3,398,777 $269,500 |
$5,624,823 |
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