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North Carolina Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 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 $284,000,000 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 25, 2022
Jackpot:$284,000,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,544,560$203,044$2,527,004
2$4,488,338$1,623,640$213,196$2,651,502
3$4,712,755$1,706,674$223,856$2,782,225
4$4,948,393$1,793,860$235,049$2,919,484
5$5,195,812$1,885,405$246,801$3,063,606
6$5,455,603$1,981,528$259,141$3,214,934
7$5,728,383$2,082,457$272,098$3,373,828
8$6,014,802$2,188,432$285,703$3,540,667
9$6,315,542$2,299,706$299,988$3,715,848
10$6,631,319$2,416,543$314,988$3,899,789
11$6,962,885$2,539,223$330,737$4,092,926
12$7,311,030$2,668,036$347,274$4,295,720
13$7,676,581$2,803,290$364,638$4,508,653
14$8,060,410$2,945,307$382,869$4,732,234
15$8,463,431$3,094,424$402,013$4,966,993
16$8,886,602$3,250,998$422,114$5,213,491
17$9,330,932$3,415,400$443,219$5,472,313
18$9,797,479$3,588,022$465,380$5,744,076
19$10,287,353$3,769,276$488,649$6,029,428
20$10,801,720$3,959,592$513,082$6,329,047
21$11,341,806$4,159,423$538,736$6,643,647
22$11,908,897$4,369,247$565,673$6,973,977
23$12,504,342$4,589,561$593,956$7,320,824
24$13,129,559$4,820,892$623,654$7,685,013
25$13,786,036$5,063,789$654,837$8,067,411
26$14,475,339$5,318,830$687,579$8,468,930
27$15,199,105$5,586,624$721,958$8,890,524
28$15,959,061$5,867,807$758,055$9,333,198
29$16,757,014$6,163,050$795,958$9,798,005
30$17,594,864$6,473,055$835,756$10,286,054
Total$284,000,001$103,968,651$13,490,001$166,541,351

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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.