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North Carolina Mega Millions Jackpot Annuity Payout Schedule for Sep 12, 2023

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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 $141,000,000 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, Sep 12, 2023
Jackpot:$141,000,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,122,252$743,421$95,501$1,283,330
2$2,228,365$782,683$100,276$1,345,406
3$2,339,783$823,908$105,290$1,410,585
4$2,456,772$867,194$110,555$1,479,024
5$2,579,611$912,644$116,082$1,550,885
6$2,708,592$960,367$121,887$1,626,338
7$2,844,021$1,010,476$127,981$1,705,565
8$2,986,222$1,063,090$134,380$1,788,752
9$3,135,533$1,118,335$141,099$1,876,099
10$3,292,310$1,176,342$148,154$1,967,814
11$3,456,925$1,237,250$155,562$2,064,114
12$3,629,772$1,301,203$163,340$2,165,229
13$3,811,260$1,368,354$171,507$2,271,400
14$4,001,823$1,438,862$180,082$2,382,879
15$4,201,914$1,512,896$189,086$2,499,932
16$4,412,010$1,590,632$198,540$2,622,838
17$4,632,611$1,672,254$208,467$2,751,890
18$4,864,241$1,757,957$218,891$2,887,393
19$5,107,453$1,847,945$229,835$3,029,672
20$5,362,826$1,942,433$241,327$3,179,065
21$5,630,967$2,041,646$253,394$3,335,928
22$5,912,516$2,145,819$266,063$3,500,634
23$6,208,141$2,255,200$279,366$3,673,575
24$6,518,548$2,370,051$293,335$3,855,163
25$6,844,476$2,490,644$308,001$4,045,831
26$7,186,700$2,617,267$323,401$4,246,032
27$7,546,035$2,750,221$339,572$4,456,243
28$7,923,336$2,889,822$356,550$4,676,964
29$8,319,503$3,036,404$374,378$4,908,722
30$8,735,478$3,190,315$393,097$5,152,067
Total$141,000,000$50,915,635$6,344,999$83,739,369

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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.