USA Mega

North Dakota Mega Millions Jackpot Annuity Payout Schedule for Jan 31, 2023

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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 $31,000,000 for a ticket purchased in North Dakota, 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 Dakota

Drawing Date:Tue, Jan 31, 2023
Jackpot:$31,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$466,594$137,061$13,531$316,002
2$489,924$145,226$14,208$330,490
3$514,420$153,800$14,918$345,702
4$540,141$162,807$15,664$361,670
5$567,149$172,800$16,447$377,901
6$595,506$183,292$17,270$394,944
7$625,281$194,309$18,133$412,839
8$656,545$205,877$19,040$431,629
9$689,373$218,023$19,992$451,358
10$723,841$230,776$20,991$472,074
11$760,033$244,167$22,041$493,825
12$798,035$258,228$23,143$516,664
13$837,937$272,992$24,300$540,645
14$879,834$288,493$25,515$565,825
15$923,825$304,770$26,791$592,264
16$970,016$321,861$28,130$620,025
17$1,018,517$339,806$29,537$649,174
18$1,069,443$358,649$31,014$679,780
19$1,122,915$378,434$32,565$711,917
20$1,179,061$399,208$34,193$745,661
21$1,238,014$421,020$35,902$781,091
22$1,299,915$443,923$37,698$818,294
23$1,364,911$467,972$39,582$857,356
24$1,433,156$493,223$41,562$898,372
25$1,504,814$519,736$43,640$941,438
26$1,580,055$547,575$45,822$986,658
27$1,659,057$576,806$48,113$1,034,138
28$1,742,010$607,499$50,518$1,083,993
29$1,829,111$639,726$53,044$1,136,340
30$1,920,566$673,564$55,696$1,191,305
Total$31,000,000$10,361,623$899,000$19,739,374

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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.