USA Mega

North Dakota Mega Millions Jackpot Annuity Payout Schedule for Jan 2, 1998

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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 $10,000,000 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 money, as well as deductions claimed.

State:

North Dakota

Drawing Date:Fri, Jan 2, 1998
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$29,166$4,365$116,983
2$158,040$30,972$4,583$122,485
3$165,942$32,869$4,812$128,261
4$174,239$34,860$5,053$134,326
5$182,951$36,951$5,306$140,695
6$192,099$39,158$5,571$147,370
7$201,704$42,232$5,849$153,623
8$211,789$45,459$6,142$160,188
9$222,378$48,848$6,449$167,082
10$233,497$52,406$6,771$174,320
11$245,172$56,185$7,110$181,877
12$257,431$60,475$7,465$189,490
13$270,302$64,981$7,839$197,483
14$283,817$69,711$8,231$205,876
15$298,008$74,678$8,642$214,688
16$312,909$79,893$9,074$223,941
17$328,554$85,369$9,528$233,657
18$344,982$91,118$10,004$243,859
19$362,231$97,156$10,505$254,571
20$380,342$103,495$11,030$265,818
21$399,359$110,151$11,581$277,627
22$419,327$117,139$12,160$290,028
23$440,294$124,478$12,769$303,048
24$462,308$132,183$13,407$316,719
25$485,424$140,273$14,077$331,073
26$509,695$148,768$14,781$346,146
27$535,180$157,688$15,520$361,972
28$561,939$167,053$16,296$378,589
29$590,036$176,887$17,111$396,037
30$619,537$187,417$17,967$414,154
Total$10,000,000$2,638,019$289,998$7,071,986

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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.