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North Carolina Mega Millions Jackpot Annuity Payout Schedule for Apr 19, 2013

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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 $83,000,000 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:Fri, Apr 19, 2013
Jackpot:$83,000,000
Federal Tax:37% marginal rate
State Tax: 3.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,249,269$418,187$49,846$781,236
2$1,311,733$441,298$52,338$818,096
3$1,377,319$465,565$54,955$856,799
4$1,446,185$491,046$57,703$897,437
5$1,518,494$517,800$60,588$940,106
6$1,594,419$545,892$63,617$984,909
7$1,674,140$575,389$66,798$1,031,953
8$1,757,847$606,361$70,138$1,081,348
9$1,845,739$638,881$73,645$1,133,214
10$1,938,026$673,027$77,327$1,187,672
11$2,034,928$708,881$81,194$1,244,854
12$2,136,674$746,527$85,253$1,304,894
13$2,243,508$786,055$89,516$1,367,937
14$2,355,683$827,560$93,992$1,434,131
15$2,473,467$871,140$98,691$1,503,636
16$2,597,141$916,899$103,626$1,576,616
17$2,726,998$964,946$108,807$1,653,244
18$2,863,348$1,015,396$114,248$1,733,704
19$3,006,515$1,068,368$119,960$1,818,187
20$3,156,841$1,123,988$125,958$1,906,895
21$3,314,683$1,182,390$132,256$2,000,037
22$3,480,417$1,243,712$138,869$2,097,837
23$3,654,438$1,308,099$145,812$2,200,527
24$3,837,160$1,375,706$153,103$2,308,351
25$4,029,018$1,446,694$160,758$2,421,566
26$4,230,469$1,521,231$168,796$2,540,442
27$4,441,992$1,599,494$177,235$2,665,262
28$4,664,092$1,681,671$186,097$2,796,323
29$4,897,296$1,767,957$195,402$2,933,937
30$5,142,161$1,858,557$205,172$3,078,432
Total$83,000,000$29,388,717$3,311,700$50,299,582

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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.