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North Carolina Mega Millions Jackpot Annuity Payout Schedule for Jul 23, 2021

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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 $140,000,000 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, Jul 23, 2021
Jackpot:$140,000,000
Federal Tax:37% marginal rate
State Tax: 5.25%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,107,201$743,737$110,628$1,252,836
2$2,212,561$782,720$116,159$1,313,682
3$2,323,189$823,652$121,967$1,377,569
4$2,439,349$866,631$128,066$1,444,652
5$2,561,316$911,759$134,469$1,515,088
6$2,689,382$959,143$141,193$1,589,046
7$2,823,851$1,008,897$148,252$1,666,702
8$2,965,043$1,061,138$155,665$1,748,240
9$3,113,296$1,115,992$163,448$1,833,856
10$3,268,960$1,173,588$171,620$1,923,752
11$3,432,408$1,234,063$180,201$2,018,144
12$3,604,029$1,297,563$189,212$2,117,254
13$3,784,230$1,364,237$198,672$2,221,321
14$3,973,442$1,434,246$208,606$2,330,590
15$4,172,114$1,507,754$219,036$2,445,323
16$4,380,719$1,584,938$229,988$2,565,793
17$4,599,755$1,665,982$241,487$2,692,286
18$4,829,743$1,751,077$253,562$2,825,104
19$5,071,230$1,840,427$266,240$2,964,563
20$5,324,792$1,934,245$279,552$3,110,995
21$5,591,031$2,032,754$293,529$3,264,748
22$5,870,583$2,136,188$308,206$3,426,189
23$6,164,112$2,244,794$323,616$3,595,702
24$6,472,318$2,358,830$339,797$3,773,691
25$6,795,933$2,478,568$356,787$3,960,579
26$7,135,730$2,604,292$374,626$4,156,812
27$7,492,517$2,736,303$393,357$4,362,856
28$7,867,143$2,874,915$413,025$4,579,203
29$8,260,500$3,020,457$433,676$4,806,366
30$8,673,525$3,173,276$455,360$5,044,888
Total$140,000,000$50,722,166$7,350,002$81,927,830

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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.