USA Mega

North Carolina Mega Millions Jackpot Annuity Payout Schedule for Nov 20, 2020

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2021 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 $188,000,000 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, Nov 20, 2020
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 5.25%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,011,050$148,558$1,670,062
2$2,971,153$1,063,399$155,986$1,751,769
3$3,119,711$1,118,365$163,785$1,837,561
4$3,275,697$1,176,080$171,974$1,927,643
5$3,439,481$1,236,680$180,573$2,022,228
6$3,611,455$1,300,311$189,601$2,121,543
7$3,792,028$1,367,123$199,081$2,225,824
8$3,981,630$1,437,275$209,036$2,335,319
9$4,180,711$1,510,935$219,487$2,450,288
10$4,389,747$1,588,278$230,462$2,571,006
11$4,609,234$1,669,489$241,985$2,697,760
12$4,839,696$1,754,760$254,084$2,830,852
13$5,081,680$1,844,294$266,788$2,970,598
14$5,335,764$1,938,305$280,128$3,117,332
15$5,602,553$2,037,017$294,134$3,271,402
16$5,882,680$2,140,664$308,841$3,433,176
17$6,176,814$2,249,494$324,283$3,603,038
18$6,485,655$2,363,765$340,497$3,781,394
19$6,809,938$2,483,749$357,522$3,968,667
20$7,150,435$2,609,733$375,398$4,165,304
21$7,507,956$2,742,016$394,168$4,371,773
22$7,883,354$2,880,913$413,876$4,588,565
23$8,277,522$3,026,755$434,570$4,816,197
24$8,691,398$3,179,889$456,298$5,055,210
25$9,125,968$3,340,680$479,113$5,306,174
26$9,582,266$3,509,511$503,069$5,569,687
27$10,061,380$3,686,783$528,222$5,846,375
28$10,564,449$3,872,918$554,634$6,136,897
29$11,092,671$4,068,361$582,365$6,441,945
30$11,647,305$4,273,575$611,483$6,762,246
Total$188,000,000$68,482,167$9,870,001$109,647,835

◄ Back to Jackpot Analysis

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.