The jackpot for the MEGA Millions draw on Tue May 20, 2025, is projected to be $139 Million, with an option for a cash payout of $62.3 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 those living in New Hampshire, the bright side is you won't have to pay any state taxes on your lottery prize.
| New Hampshire MEGA Millions Jackpot/Cash Option for Tue May 20, 2025 |
|---|
| Draw Date | Tue May 20, 2025 | | Projected Jackpot | $139,000,000 | | Cash Value | $62,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $62,300,000 | | Federal Tax(24%) | $14,952,000 | | Additional Federal Tax | $8,059,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $39,288,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,092,089 |
$734,403
$0 |
$1,357,686 |
| 2 |
$2,196,756 |
$773,130
$0 |
$1,423,626 |
| 3 |
$2,306,566 |
$813,760
$0 |
$1,492,806 |
| 4 |
$2,421,936 |
$856,447
$0 |
$1,565,489 |
| 5 |
$2,543,005 |
$901,242
$0 |
$1,641,763 |
| 6 |
$2,670,190 |
$948,301
$0 |
$1,721,889 |
| 7 |
$2,803,630 |
$997,673
$0 |
$1,805,957 |
| 8 |
$2,943,881 |
$1,049,566
$0 |
$1,894,315 |
| 9 |
$3,091,082 |
$1,104,031
$0 |
$1,987,051 |
| 10 |
$3,245,650 |
$1,161,221
$0 |
$2,084,429 |
| 11 |
$3,407,863 |
$1,221,240
$0 |
$2,186,623 |
| 12 |
$3,578,277 |
$1,284,293
$0 |
$2,293,984 |
| 13 |
$3,757,170 |
$1,350,483
$0 |
$2,406,687 |
| 14 |
$3,945,098 |
$1,420,017
$0 |
$2,525,081 |
| 15 |
$4,142,339 |
$1,492,996
$0 |
$2,649,343 |
| 16 |
$4,349,449 |
$1,569,627
$0 |
$2,779,822 |
| 17 |
$4,566,845 |
$1,650,063
$0 |
$2,916,782 |
| 18 |
$4,795,222 |
$1,734,563
$0 |
$3,060,659 |
| 19 |
$5,034,997 |
$1,823,279
$0 |
$3,211,718 |
| 20 |
$5,286,726 |
$1,916,419
$0 |
$3,370,307 |
| 21 |
$5,551,104 |
$2,014,239
$0 |
$3,536,865 |
| 22 |
$5,828,687 |
$2,116,945
$0 |
$3,711,742 |
| 23 |
$6,120,031 |
$2,224,742
$0 |
$3,895,289 |
| 24 |
$6,426,109 |
$2,337,991
$0 |
$4,088,118 |
| 25 |
$6,747,338 |
$2,456,845
$0 |
$4,290,493 |
| 26 |
$7,084,830 |
$2,581,717
$0 |
$4,503,113 |
| 27 |
$7,439,002 |
$2,712,761
$0 |
$4,726,241 |
| 28 |
$7,810,966 |
$2,850,388
$0 |
$4,960,578 |
| 29 |
$8,201,556 |
$2,994,906
$0 |
$5,206,650 |
| 30 |
$8,611,606 |
$3,146,625
$0 |
$5,464,981 |
|
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