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North Carolina Mega Millions Jackpot Annuity Payout Schedule for Sep 20, 2019

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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 $211,000,000 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, Sep 20, 2019
Jackpot:$211,000,000
Federal Tax:37% marginal rate
State Tax: 3.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,175,853$1,131,023$126,717$1,918,113
2$3,334,645$1,189,776$133,052$2,011,817
3$3,501,378$1,251,467$139,705$2,110,206
4$3,676,447$1,316,243$146,690$2,213,514
5$3,860,269$1,384,257$154,025$2,321,987
6$4,053,282$1,455,672$161,726$2,435,885
7$4,255,947$1,530,657$169,812$2,555,477
8$4,468,744$1,609,392$178,303$2,681,049
9$4,692,181$1,692,064$187,218$2,812,899
10$4,926,790$1,778,870$196,579$2,951,342
11$5,173,130$1,870,015$206,408$3,096,707
12$5,431,786$1,965,718$216,728$3,249,340
13$5,703,375$2,066,206$227,565$3,409,605
14$5,988,544$2,171,719$238,943$3,577,883
15$6,287,971$2,282,507$250,890$3,754,575
16$6,602,370$2,398,834$263,435$3,940,101
17$6,932,488$2,520,978$276,606$4,134,904
18$7,279,113$2,649,229$290,437$4,339,447
19$7,643,068$2,783,893$304,958$4,554,217
20$8,025,222$2,925,289$320,206$4,779,726
21$8,426,483$3,073,756$336,217$5,016,510
22$8,847,807$3,229,646$353,028$5,265,134
23$9,290,197$3,393,330$370,679$5,526,188
24$9,754,707$3,565,199$389,213$5,800,295
25$10,242,443$3,745,661$408,673$6,088,108
26$10,754,565$3,935,146$429,107$6,390,312
27$11,292,293$4,134,106$450,562$6,707,625
28$11,856,908$4,343,013$473,091$7,040,804
29$12,449,753$4,562,366$496,745$7,390,642
30$13,072,241$4,792,686$521,582$7,757,972
Total$211,000,000$76,748,718$8,418,900$125,832,384

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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.