USA Mega

North Carolina Mega Millions Jackpot Annuity Payout Schedule for Jan 22, 2002

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The tax information provided here is based on 2026 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $9,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

North Carolina

Drawing Date:Tue, Jan 22, 2002
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 3.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,109$5,405$104,949
2$142,236$26,735$5,675$109,826
3$149,348$28,441$5,959$114,947
4$156,815$30,234$6,257$120,325
5$164,656$32,115$6,570$125,971
6$172,889$34,091$6,898$131,899
7$181,533$36,166$7,243$138,124
8$190,610$38,344$7,605$144,660
9$200,140$40,632$7,986$151,523
10$210,147$43,703$8,385$158,059
11$220,655$47,066$8,804$164,785
12$231,688$50,596$9,244$171,847
13$243,272$54,303$9,707$179,262
14$255,436$58,195$10,192$187,048
15$268,207$62,642$10,701$194,864
16$281,618$67,335$11,237$203,046
17$295,699$72,264$11,798$211,636
18$310,483$77,438$12,388$220,657
19$326,008$82,872$13,008$230,128
20$342,308$88,577$13,658$240,073
21$359,423$94,567$14,341$250,515
22$377,395$100,857$15,058$261,479
23$396,264$107,462$15,811$272,992
24$416,078$114,396$16,601$285,080
25$436,881$121,678$17,432$297,772
26$458,726$129,323$18,303$311,099
27$481,662$137,351$19,218$325,093
28$505,745$145,780$20,179$339,786
29$531,032$154,630$21,188$355,213
30$557,584$163,924$22,248$371,413
Total$9,000,000$2,266,826$359,099$6,374,071

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.