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North Carolina Mega Millions Jackpot Annuity Payout Schedule for Aug 30, 2013

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The tax information provided here is based on 2022 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 $77,000,000 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 prize money, as well as deductions claimed.

State:

North Carolina

Drawing Date:Fri, Aug 30, 2013
Jackpot:$77,000,000
Federal Tax:37% marginal rate
State Tax: 4.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,158,960$391,770$57,832$709,358
2$1,216,909$413,211$60,724$742,974
3$1,277,754$435,724$63,760$778,270
4$1,341,642$459,362$66,948$815,331
5$1,408,724$484,183$70,295$854,246
6$1,479,160$510,244$73,810$895,106
7$1,553,118$537,609$77,501$938,009
8$1,630,774$566,341$81,376$983,057
9$1,712,313$596,511$85,444$1,030,357
10$1,797,928$628,188$89,717$1,080,023
11$1,887,825$661,450$94,202$1,132,172
12$1,982,216$696,375$98,913$1,186,928
13$2,081,327$733,046$103,858$1,244,423
14$2,185,393$771,550$109,051$1,304,791
15$2,294,663$811,980$114,504$1,368,179
16$2,409,396$854,431$120,229$1,434,735
17$2,529,865$899,005$126,240$1,504,620
18$2,656,359$945,808$132,552$1,577,999
19$2,789,177$994,950$139,180$1,655,046
20$2,928,635$1,046,550$146,139$1,735,946
21$3,075,067$1,100,730$153,446$1,820,891
22$3,228,821$1,157,619$161,118$1,910,084
23$3,390,262$1,217,352$169,174$2,003,736
24$3,559,775$1,280,072$177,633$2,102,070
25$3,737,763$1,345,927$186,514$2,205,322
26$3,924,652$1,415,076$195,840$2,313,735
27$4,120,884$1,487,682$205,632$2,427,570
28$4,326,928$1,563,918$215,914$2,547,096
29$4,543,275$1,643,967$226,709$2,672,599
30$4,770,439$1,728,017$238,045$2,804,376
Total$77,000,000$27,378,648$3,842,300$45,779,049

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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.