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

Mega Millions Annuity Jackpot Analysis for North Dakota

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 $31,000,000 would be for a resident of North Dakota, 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 Dakota

Drawing Date:  Fri, Aug 14, 2020
Jackpot:$31,000,000
Federal Tax:  24%
State Tax:2.90%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$466,594$111,983$13,531$341,081
2$489,924$117,582$14,208$358,135
3$514,420$123,461$14,918$376,041
4$540,141$129,634$15,664$394,843
5$567,149$136,116$16,447$414,586
6$595,506$142,921$17,270$435,315
7$625,281$150,068$18,133$457,081
8$656,545$157,571$19,040$479,935
9$689,373$165,449$19,992$503,931
10$723,841$173,722$20,991$529,128
11$760,033$182,408$22,041$555,584
12$798,035$191,528$23,143$583,364
13$837,937$201,105$24,300$612,532
14$879,834$211,160$25,515$643,158
15$923,825$221,718$26,791$675,316
16$970,016$232,804$28,130$709,082
17$1,018,517$244,444$29,537$744,536
18$1,069,443$256,666$31,014$781,763
19$1,122,915$269,500$32,565$820,851
20$1,179,061$282,975$34,193$861,894
21$1,238,014$297,123$35,902$904,988
22$1,299,915$311,980$37,698$950,238
23$1,364,911$327,579$39,582$997,750
24$1,433,156$343,957$41,562$1,047,637
25$1,504,814$361,155$43,640$1,100,019
26$1,580,055$379,213$45,822$1,155,020
27$1,659,057$398,174$48,113$1,212,771
28$1,742,010$418,082$50,518$1,273,409
29$1,829,111$438,987$53,044$1,337,080
30$1,920,566$460,936$55,696$1,403,934
Total$31,000,000$7,440,000$899,000$22,661,000
<( 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.