USA Mega

North Carolina Mega Millions Jackpot Annuity Payout Schedule for Oct 25, 2022

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 $45,000,000 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:Tue, Oct 25, 2022
Jackpot:$45,000,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$677,315$208,794$30,479$438,041
2$711,180$221,324$32,003$457,853
3$746,739$234,481$33,603$478,655
4$784,076$248,296$35,283$500,497
5$823,280$262,801$37,048$523,431
6$864,444$278,032$38,900$547,512
7$907,666$294,024$40,845$572,797
8$953,050$310,816$42,887$599,346
9$1,000,702$328,448$45,032$627,223
10$1,050,737$346,961$47,283$656,494
11$1,103,274$366,399$49,647$687,228
12$1,158,438$386,810$52,130$719,498
13$1,216,360$408,241$54,736$753,383
14$1,277,178$430,743$57,473$788,961
15$1,341,037$454,371$60,347$826,319
16$1,408,088$479,180$63,364$865,544
17$1,478,493$505,230$66,532$906,731
18$1,552,417$532,582$69,859$949,976
19$1,630,038$561,302$73,352$995,385
20$1,711,540$591,458$77,019$1,043,063
21$1,797,117$623,121$80,870$1,093,126
22$1,886,973$656,368$84,914$1,145,691
23$1,981,322$691,277$89,159$1,200,885
24$2,080,388$727,931$93,617$1,258,839
25$2,184,407$766,418$98,298$1,319,690
26$2,293,628$806,830$103,213$1,383,584
27$2,408,309$849,262$108,374$1,450,673
28$2,528,724$893,816$113,793$1,521,116
29$2,655,161$940,597$119,482$1,595,081
30$2,787,919$989,718$125,456$1,672,745
Total$45,000,000$15,395,631$2,024,998$27,579,367

◄ 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.