USA Mega

North Carolina Mega Millions Jackpot Annuity Payout Schedule for Jul 29, 2022

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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 $1,337,000,000 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, Jul 29, 2022
Jackpot:$1,337,000,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,123,769$7,403,982$905,570$11,814,217
2$21,129,957$7,776,272$950,848$12,402,837
3$22,186,455$8,167,176$998,390$13,020,888
4$23,295,778$8,577,626$1,048,310$13,669,843
5$24,460,566$9,008,597$1,100,725$14,351,243
6$25,683,595$9,461,118$1,155,762$15,066,715
7$26,967,775$9,936,265$1,213,550$15,817,961
8$28,316,164$10,435,168$1,274,227$16,606,768
9$29,731,972$10,959,017$1,337,939$17,435,016
10$31,218,570$11,509,059$1,404,836$18,304,676
11$32,779,499$12,086,602$1,475,077$19,217,819
12$34,418,474$12,693,023$1,548,831$20,176,619
13$36,139,397$13,329,765$1,626,273$21,183,360
14$37,946,368$13,998,344$1,707,587$22,240,437
15$39,843,686$14,700,351$1,792,966$23,350,368
16$41,835,870$15,437,460$1,882,614$24,515,796
17$43,927,663$16,211,423$1,976,745$25,739,495
18$46,124,047$17,024,085$2,075,582$27,024,380
19$48,430,249$17,877,380$2,179,361$28,373,508
20$50,851,761$18,773,340$2,288,329$29,790,093
21$53,394,349$19,714,097$2,402,746$31,277,506
22$56,064,067$20,701,892$2,522,883$32,839,291
23$58,867,270$21,739,078$2,649,027$34,479,165
24$61,810,633$22,828,122$2,781,478$36,201,033
25$64,901,165$23,971,619$2,920,552$38,008,994
26$68,146,224$25,172,291$3,066,580$39,907,353
27$71,553,535$26,432,996$3,219,909$41,900,630
28$75,131,211$27,756,736$3,380,904$43,993,571
29$78,887,772$29,146,663$3,549,950$46,191,159
30$82,832,161$30,606,087$3,727,447$48,498,626
Total$1,337,000,003$493,435,634$60,164,998$783,399,367

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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.