The jackpot for the MEGA Millions draw on Tue Feb 3, 2026, is projected to be $323 Million, with an option for a cash payout of $145.7 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 Tue Feb 3, 2026 |
|---|
| Draw Date | Tue Feb 3, 2026 | | Projected Jackpot | $323,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(4.75%) | $6,920,750 | | Net Lumpsum Payment | $84,909,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,861,473 |
$1,759,075
$230,920 |
$2,871,478 |
| 2 |
$5,104,692 |
$1,849,066
$242,473 |
$3,013,153 |
| 3 |
$5,359,862 |
$1,943,479
$254,593 |
$3,161,790 |
| 4 |
$5,627,952 |
$2,042,673
$267,328 |
$3,317,951 |
| 5 |
$5,909,285 |
$2,146,766
$280,691 |
$3,481,828 |
| 6 |
$6,204,830 |
$2,256,117
$294,729 |
$3,653,984 |
| 7 |
$6,514,910 |
$2,370,847
$309,458 |
$3,834,605 |
| 8 |
$6,840,817 |
$2,491,433
$324,939 |
$4,024,445 |
| 9 |
$7,182,874 |
$2,617,994
$341,187 |
$4,223,693 |
| 10 |
$7,542,050 |
$2,750,889
$358,247 |
$4,432,914 |
| 11 |
$7,918,991 |
$2,890,357
$376,152 |
$4,652,482 |
| 12 |
$8,314,989 |
$3,036,876
$394,962 |
$4,883,151 |
| 13 |
$8,730,690 |
$3,190,686
$414,708 |
$5,125,296 |
| 14 |
$9,167,386 |
$3,352,263
$435,451 |
$5,379,672 |
| 15 |
$9,625,723 |
$3,521,848
$457,222 |
$5,646,653 |
| 16 |
$10,106,993 |
$3,699,918
$480,082 |
$5,926,993 |
| 17 |
$10,612,165 |
$3,886,831
$504,078 |
$6,221,256 |
| 18 |
$11,142,854 |
$4,083,186
$529,286 |
$6,530,382 |
| 19 |
$11,700,029 |
$4,289,341
$555,751 |
$6,854,937 |
| 20 |
$12,284,982 |
$4,505,774
$583,537 |
$7,195,671 |
| 21 |
$12,899,328 |
$4,733,082
$612,718 |
$7,553,528 |
| 22 |
$13,544,359 |
$4,971,743
$643,357 |
$7,929,259 |
| 23 |
$14,221,367 |
$5,222,236
$675,515 |
$8,323,616 |
| 24 |
$14,932,613 |
$5,485,397
$709,299 |
$8,737,917 |
| 25 |
$15,679,066 |
$5,761,585
$744,756 |
$9,172,725 |
| 26 |
$16,463,310 |
$6,051,755
$782,007 |
$9,629,548 |
| 27 |
$17,286,314 |
$6,356,267
$821,100 |
$10,108,947 |
| 28 |
$18,150,662 |
$6,676,075
$862,156 |
$10,612,431 |
| 29 |
$19,058,292 |
$7,011,898
$905,269 |
$11,141,125 |
| 30 |
$20,011,142 |
$7,364,453
$950,529 |
$11,696,160 |
|
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