USA Mega

North Carolina Mega Millions Jackpot Annuity Payout Schedule for Jan 1, 2021

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

The tax information provided here is based on 2024 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 $401,000,000 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, Jan 1, 2021
Jackpot:$401,000,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,035,625$2,191,369$271,603$3,572,653
2$6,337,407$2,303,028$285,183$3,749,195
3$6,654,277$2,420,270$299,442$3,934,564
4$6,986,991$2,543,374$314,415$4,129,202
5$7,336,340$2,672,634$330,135$4,333,571
6$7,703,157$2,808,356$346,642$4,548,159
7$8,088,316$2,950,865$363,974$4,773,477
8$8,492,731$3,100,498$382,173$5,010,060
9$8,917,368$3,257,614$401,282$5,258,472
10$9,363,236$3,422,585$421,346$5,519,305
11$9,831,398$3,595,805$442,413$5,793,180
12$10,322,968$3,777,686$464,534$6,080,748
13$10,839,116$3,968,661$487,760$6,382,695
14$11,381,072$4,169,184$512,148$6,699,739
15$11,950,126$4,379,734$537,756$7,032,636
16$12,547,632$4,600,812$564,643$7,382,177
17$13,175,013$4,832,943$592,876$7,749,195
18$13,833,764$5,076,680$622,519$8,134,564
19$14,525,452$5,332,605$653,645$8,539,202
20$15,251,725$5,601,326$686,328$8,964,071
21$16,014,311$5,883,483$720,644$9,410,184
22$16,815,027$6,179,748$756,676$9,878,603
23$17,655,778$6,490,826$794,510$10,370,442
24$18,538,567$6,817,457$834,236$10,886,874
25$19,465,495$7,160,421$875,947$11,429,127
26$20,438,770$7,520,533$919,745$11,998,493
27$21,460,709$7,898,650$965,732$12,596,327
28$22,533,744$8,295,673$1,014,018$13,224,052
29$23,660,431$8,712,547$1,064,719$13,883,164
30$24,843,453$9,150,265$1,117,955$14,575,232
Total$401,000,001$147,115,632$18,044,999$235,839,363

◄ 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.