USA Mega

North Dakota Mega Millions Jackpot Annuity Payout Schedule for Nov 24, 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 $27,000,000 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:Tue, Nov 24, 1998
Jackpot:$27,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$406,389$112,611$11,785$281,993
2$426,708$119,723$12,375$294,611
3$448,044$127,190$12,993$307,860
4$470,446$135,031$13,643$321,772
5$493,968$143,264$14,325$336,379
6$518,666$151,908$15,041$351,717
7$544,600$160,985$15,793$367,822
8$571,830$170,515$16,583$384,732
9$600,421$180,522$17,412$402,487
10$630,442$191,451$18,283$420,708
11$661,964$203,115$19,197$439,653
12$695,063$215,361$20,157$459,545
13$729,816$228,220$21,165$480,432
14$766,307$241,721$22,223$502,363
15$804,622$255,898$23,334$525,390
16$844,853$270,783$24,501$549,569
17$887,096$286,413$25,726$574,957
18$931,450$302,824$27,012$601,614
19$978,023$320,056$28,363$629,604
20$1,026,924$338,150$29,781$658,994
21$1,078,270$357,148$31,270$689,853
22$1,132,184$377,096$32,833$722,255
23$1,188,793$398,041$34,475$756,277
24$1,248,233$420,034$36,199$792,000
25$1,310,644$443,126$38,009$829,509
26$1,376,177$467,373$39,909$868,894
27$1,444,985$492,832$41,905$910,248
28$1,517,235$519,565$44,000$953,670
29$1,593,096$547,633$46,200$999,263
30$1,672,751$577,106$48,510$1,047,136
Total$27,000,000$8,755,695$783,002$17,461,307

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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.