USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Mega Millions Annuity Jackpot Analysis for North Carolina (Oct. 30, 2018 Drawing)

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Mega Millions annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $45,000,000 would be for a resident of North Carolina, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

North Carolina

Drawing Date:  Oct. 30, 2018
Jackpot:$45,000,000
Federal Tax:  24%
State Tax:5.50%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$677,315$162,555$37,246$477,514
2$711,180$170,683$39,108$501,389
3$746,739$179,217$41,063$526,459
4$784,076$188,178$43,116$552,782
5$823,280$197,587$45,272$580,421
6$864,444$207,467$47,536$609,442
7$907,666$217,840$49,913$639,914
8$953,050$228,732$52,408$671,910
9$1,000,702$240,169$55,029$705,505
10$1,050,737$252,177$57,780$740,780
11$1,103,274$264,786$60,669$777,819
12$1,158,438$278,025$63,702$816,710
13$1,216,360$291,926$66,888$857,546
14$1,277,178$306,523$70,232$900,423
15$1,341,037$321,849$73,744$945,444
16$1,408,088$337,941$77,431$992,716
17$1,478,493$354,838$81,302$1,042,352
18$1,552,417$372,580$85,367$1,094,470
19$1,630,038$391,209$89,636$1,149,193
20$1,711,540$410,770$94,118$1,206,653
21$1,797,117$431,308$98,823$1,266,986
22$1,886,973$452,874$103,765$1,330,335
23$1,981,322$475,517$108,953$1,396,852
24$2,080,388$499,293$114,401$1,466,694
25$2,184,407$524,258$120,121$1,540,029
26$2,293,628$550,471$126,127$1,617,030
27$2,408,309$577,994$132,433$1,697,882
28$2,528,724$606,894$139,055$1,782,776
29$2,655,161$637,239$146,007$1,871,915
30$2,787,919$669,100$153,308$1,965,511
Total$45,000,000$10,800,000$2,474,550$31,725,450
<( Back )Mega Millions Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2019 Speednet Group.  All rights reserved.