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North Carolina Mega Millions Jackpot Annuity Payout Schedule for Nov 22, 2022

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The tax information provided here is based on 2022 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 $259,000,000 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:Tue, Nov 22, 2022
Jackpot:$259,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,898,322$1,405,334$185,170$2,307,817
2$4,093,238$1,477,453$194,429$2,421,356
3$4,297,900$1,553,178$204,150$2,540,572
4$4,512,795$1,632,689$214,358$2,665,748
5$4,738,434$1,716,176$225,076$2,797,183
6$4,975,356$1,803,837$236,329$2,935,190
7$5,224,124$1,895,881$248,146$3,080,097
8$5,485,330$1,992,527$260,553$3,232,250
9$5,759,597$2,094,006$273,581$3,392,010
10$6,047,576$2,200,558$287,260$3,559,758
11$6,349,955$2,312,438$301,623$3,735,894
12$6,667,453$2,429,913$316,704$3,920,836
13$7,000,826$2,553,261$332,539$4,115,026
14$7,350,867$2,682,776$349,166$4,318,925
15$7,718,410$2,818,767$366,624$4,533,019
16$8,104,331$2,961,557$384,956$4,757,818
17$8,509,547$3,111,488$404,203$4,993,856
18$8,935,025$3,268,914$424,414$5,241,697
19$9,381,776$3,434,212$445,634$5,501,929
20$9,850,865$3,607,775$467,916$5,775,174
21$10,343,408$3,790,016$491,312$6,062,080
22$10,860,578$3,981,369$515,877$6,363,332
23$11,403,607$4,182,290$541,671$6,679,646
24$11,973,788$4,393,256$568,755$7,011,776
25$12,572,477$4,614,771$597,193$7,360,513
26$13,201,101$4,847,362$627,052$7,726,686
27$13,861,156$5,091,583$658,405$8,111,168
28$14,554,214$5,348,014$691,325$8,514,874
29$15,281,924$5,617,267$725,891$8,938,766
30$16,046,021$5,899,983$762,186$9,383,852
Total$259,000,001$94,718,651$12,302,498$151,978,848

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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.