USA Mega

North Dakota Mega Millions Jackpot Annuity Payout Schedule for Feb 27, 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 $9,000,000 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, Feb 27, 1998
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,554$3,928$105,981
2$142,236$27,179$4,125$110,932
3$149,348$28,886$4,331$116,131
4$156,815$30,678$4,548$121,589
5$164,656$32,560$4,775$127,321
6$172,889$34,536$5,014$133,339
7$181,533$36,610$5,264$139,658
8$190,610$38,789$5,528$146,293
9$200,140$41,731$5,804$152,605
10$210,147$44,934$6,094$159,119
11$220,655$48,296$6,399$165,960
12$231,688$51,827$6,719$173,142
13$243,272$55,534$7,055$180,684
14$255,436$59,777$7,408$188,251
15$268,207$64,247$7,778$196,182
16$281,618$68,941$8,167$204,510
17$295,699$73,869$8,575$213,254
18$310,483$79,044$9,004$222,435
19$326,008$84,477$9,454$232,076
20$342,308$90,183$9,927$242,199
21$359,423$96,173$10,423$252,827
22$377,395$102,463$10,944$263,987
23$396,264$109,067$11,492$275,705
24$416,078$116,002$12,066$288,009
25$436,881$123,283$12,670$300,929
26$458,726$130,929$13,303$314,494
27$481,662$138,956$13,968$328,737
28$505,745$147,385$14,667$343,693
29$531,032$156,236$15,400$359,396
30$557,584$165,529$16,170$375,885
Total$9,000,000$2,303,675$261,000$6,435,323

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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.