The jackpot for the MEGA Millions draw on Fri Apr 4, 2025, is projected to be $43 Million, with an option for a cash payout of $20 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 Apr 4, 2025 |
|---|
| Draw Date | Fri Apr 4, 2025 | | Projected Jackpot | $43,000,000 | | Cash Value | $20,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,000,000 | | Federal Tax(24%) | $4,800,000 | | Additional Federal Tax | $2,560,330 | | State Tax(4.75%) | $950,000 | | Net Lumpsum Payment | $11,689,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$647,193 |
$199,792
$30,742 |
$416,659 |
| 2 |
$679,572 |
$211,772
$32,280 |
$435,520 |
| 3 |
$713,542 |
$224,341
$33,893 |
$455,308 |
| 4 |
$749,232 |
$237,546
$35,589 |
$476,097 |
| 5 |
$786,685 |
$251,404
$37,368 |
$497,913 |
| 6 |
$826,030 |
$265,961
$39,236 |
$520,833 |
| 7 |
$867,310 |
$281,235
$41,197 |
$544,878 |
| 8 |
$910,697 |
$297,288
$43,258 |
$570,151 |
| 9 |
$956,234 |
$314,137
$45,421 |
$596,676 |
| 10 |
$1,004,050 |
$331,829
$47,692 |
$624,529 |
| 11 |
$1,054,231 |
$350,396
$50,076 |
$653,759 |
| 12 |
$1,106,949 |
$369,902
$52,580 |
$684,467 |
| 13 |
$1,162,290 |
$390,378
$55,209 |
$716,703 |
| 14 |
$1,220,426 |
$411,888
$57,970 |
$750,568 |
| 15 |
$1,281,443 |
$434,464
$60,869 |
$786,110 |
| 16 |
$1,345,513 |
$458,170
$63,912 |
$823,431 |
| 17 |
$1,412,765 |
$483,053
$67,106 |
$862,606 |
| 18 |
$1,483,414 |
$509,194
$70,462 |
$903,758 |
| 19 |
$1,557,589 |
$536,638
$73,985 |
$946,966 |
| 20 |
$1,635,462 |
$565,451
$77,684 |
$992,327 |
| 21 |
$1,717,248 |
$595,712
$81,569 |
$1,039,967 |
| 22 |
$1,803,119 |
$627,484
$85,648 |
$1,089,987 |
| 23 |
$1,893,247 |
$660,832
$89,929 |
$1,142,486 |
| 24 |
$1,987,933 |
$695,866
$94,427 |
$1,197,640 |
| 25 |
$2,087,306 |
$732,634
$99,147 |
$1,255,525 |
| 26 |
$2,191,710 |
$771,263
$104,106 |
$1,316,341 |
| 27 |
$2,301,274 |
$811,802
$109,311 |
$1,380,161 |
| 28 |
$2,416,342 |
$854,377
$114,776 |
$1,447,189 |
| 29 |
$2,537,172 |
$899,084
$120,516 |
$1,517,572 |
| 30 |
$2,664,022 |
$946,019
$126,541 |
$1,591,462 |
|
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