The jackpot for the MEGA Millions draw on Tue Oct 21, 2025, is projected to be $650 Million, with an option for a cash payout of $304.1 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 Oct 21, 2025 |
|---|
| Draw Date | Tue Oct 21, 2025 | | Projected Jackpot | $650,000,000 | | Cash Value | $304,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $304,100,000 | | Federal Tax(24%) | $72,984,000 | | Additional Federal Tax | $39,493,330 | | State Tax(4.75%) | $14,444,750 | | Net Lumpsum Payment | $177,177,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,783,150 |
$3,580,096
$464,700 |
$5,738,354 |
| 2 |
$10,272,600 |
$3,761,192
$487,949 |
$6,023,459 |
| 3 |
$10,786,100 |
$3,951,187
$512,340 |
$6,322,573 |
| 4 |
$11,325,600 |
$4,150,802
$537,966 |
$6,636,832 |
| 5 |
$11,891,750 |
$4,360,278
$564,858 |
$6,966,614 |
| 6 |
$12,486,500 |
$4,580,335
$593,109 |
$7,313,056 |
| 7 |
$13,110,500 |
$4,811,215
$622,749 |
$7,676,536 |
| 8 |
$13,766,350 |
$5,053,880
$653,902 |
$8,058,568 |
| 9 |
$14,454,700 |
$5,308,569
$686,598 |
$8,459,533 |
| 10 |
$15,177,500 |
$5,576,005
$720,931 |
$8,880,564 |
| 11 |
$15,936,050 |
$5,856,669
$756,962 |
$9,322,419 |
| 12 |
$16,732,950 |
$6,151,522
$794,815 |
$9,786,613 |
| 13 |
$17,569,500 |
$6,461,045
$834,551 |
$10,273,904 |
| 14 |
$18,448,300 |
$6,786,201
$876,294 |
$10,785,805 |
| 15 |
$19,370,650 |
$7,127,471
$920,106 |
$11,323,073 |
| 16 |
$20,339,150 |
$7,485,816
$966,110 |
$11,887,224 |
| 17 |
$21,355,750 |
$7,861,958
$1,014,398 |
$12,479,394 |
| 18 |
$22,423,700 |
$8,257,099
$1,065,126 |
$13,101,475 |
| 19 |
$23,544,950 |
$8,671,962
$1,118,385 |
$13,754,603 |
| 20 |
$24,722,100 |
$9,107,507
$1,174,300 |
$14,440,293 |
| 21 |
$25,958,400 |
$9,564,938
$1,233,024 |
$15,160,438 |
| 22 |
$27,256,450 |
$10,045,217
$1,294,681 |
$15,916,552 |
| 23 |
$28,618,850 |
$10,549,305
$1,359,395 |
$16,710,150 |
| 24 |
$30,050,150 |
$11,078,886
$1,427,382 |
$17,543,882 |
| 25 |
$31,552,300 |
$11,634,681
$1,498,734 |
$18,418,885 |
| 26 |
$33,130,500 |
$12,218,615
$1,573,699 |
$19,338,186 |
| 27 |
$34,786,700 |
$12,831,409
$1,652,368 |
$20,302,923 |
| 28 |
$36,526,100 |
$13,474,987
$1,734,990 |
$21,316,123 |
| 29 |
$38,352,600 |
$14,150,792
$1,821,749 |
$22,380,059 |
| 30 |
$40,270,100 |
$14,860,267
$1,912,830 |
$23,497,003 |
|
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