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Mega Millions Annuity Jackpot Analysis for North Dakota

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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 $378,000,000 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, Jun 5, 2020
Jackpot:$378,000,000
Federal Tax:  24%
State Tax:2.90%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,689,442$1,365,466$164,994$4,158,982
2$5,973,915$1,433,740$173,244$4,366,932
3$6,272,610$1,505,426$181,906$4,585,278
4$6,586,241$1,580,698$191,001$4,814,542
5$6,915,553$1,659,733$200,551$5,055,269
6$7,261,330$1,742,719$210,579$5,308,033
7$7,624,397$1,829,855$221,108$5,573,434
8$8,005,617$1,921,348$232,163$5,852,106
9$8,405,898$2,017,415$243,771$6,144,711
10$8,826,193$2,118,286$255,960$6,451,947
11$9,267,502$2,224,201$268,758$6,774,544
12$9,730,877$2,335,411$282,195$7,113,271
13$10,217,421$2,452,181$296,305$7,468,935
14$10,728,292$2,574,790$311,120$7,842,382
15$11,264,707$2,703,530$326,677$8,234,501
16$11,827,942$2,838,706$343,010$8,646,226
17$12,419,339$2,980,641$360,161$9,078,537
18$13,040,306$3,129,674$378,169$9,532,464
19$13,692,322$3,286,157$397,077$10,009,087
20$14,376,938$3,450,465$416,931$10,509,542
21$15,095,785$3,622,988$437,778$11,035,019
22$15,850,574$3,804,138$459,667$11,586,769
23$16,643,103$3,994,345$482,650$12,166,108
24$17,475,258$4,194,062$506,782$12,774,413
25$18,349,020$4,403,765$532,122$13,413,134
26$19,266,472$4,623,953$558,728$14,083,791
27$20,229,795$4,855,151$586,664$14,787,980
28$21,241,285$5,097,908$615,997$15,527,379
29$22,303,349$5,352,804$646,797$16,303,748
30$23,418,517$5,620,444$679,137$17,118,936
Total$378,000,001$90,720,000$10,962,000$276,318,001
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