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 (Apr. 14, 2020 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 $145,000,000 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:  Apr. 14, 2020
Jackpot:$145,000,000
Federal Tax:  24%
State Tax:5.50%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,182,458$523,790$120,013$1,538,655
2$2,291,581$549,979$126,014$1,615,588
3$2,406,160$577,478$132,315$1,696,367
4$2,526,468$606,352$138,930$1,781,185
5$2,652,791$636,670$145,877$1,870,244
6$2,785,431$668,503$153,171$1,963,757
7$2,924,703$701,929$160,829$2,061,945
8$3,070,938$737,025$168,871$2,165,042
9$3,224,485$773,876$177,314$2,273,294
10$3,385,709$812,570$186,180$2,386,959
11$3,554,994$853,199$195,489$2,506,307
12$3,732,744$895,859$205,264$2,631,622
13$3,919,381$940,651$215,527$2,763,203
14$4,115,350$987,684$226,303$2,901,363
15$4,321,118$1,037,068$237,618$3,046,431
16$4,537,174$1,088,922$249,499$3,198,753
17$4,764,032$1,143,368$261,974$3,358,690
18$5,002,234$1,200,536$275,073$3,526,625
19$5,252,346$1,260,563$288,826$3,702,956
20$5,514,963$1,323,591$303,268$3,888,104
21$5,790,711$1,389,771$318,431$4,082,509
22$6,080,247$1,459,259$334,353$4,286,635
23$6,384,259$1,532,222$351,070$4,500,966
24$6,703,472$1,608,833$368,624$4,726,015
25$7,038,645$1,689,275$387,055$4,962,315
26$7,390,578$1,773,739$406,408$5,210,431
27$7,760,107$1,862,426$426,728$5,470,953
28$8,148,112$1,955,547$448,065$5,744,500
29$8,555,518$2,053,324$470,468$6,031,725
30$8,983,293$2,155,990$493,991$6,333,312
Total$145,000,000$34,800,000$7,973,550$102,226,450
<( Back )Mega Millions Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2020 Speednet Group.  All rights reserved.