USA Mega

North Dakota Mega Millions Jackpot Annuity Payout Schedule for Sep 22, 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 $20,000,000 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, Sep 22, 1998
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$75,735$8,730$216,564
2$316,080$81,003$9,166$225,911
3$331,884$86,534$9,625$235,725
4$348,478$92,342$10,106$246,030
5$365,902$98,441$10,611$256,851
6$384,197$104,844$11,142$268,212
7$403,407$111,567$11,699$280,141
8$423,578$118,627$12,284$292,667
9$444,757$126,040$12,898$305,819
10$466,994$133,823$13,543$319,629
11$490,344$141,995$14,220$334,129
12$514,861$150,576$14,931$349,354
13$540,604$159,586$15,678$365,341
14$567,635$169,047$16,461$382,126
15$596,016$178,980$17,284$399,751
16$625,817$189,740$18,149$417,928
17$657,108$201,318$19,056$436,734
18$689,963$213,474$20,009$456,480
19$724,461$226,238$21,009$477,214
20$760,685$239,641$22,060$498,984
21$798,719$253,714$23,163$521,842
22$838,655$268,490$24,321$545,844
23$880,587$284,005$25,537$571,045
24$924,617$300,296$26,814$597,507
25$970,848$317,401$28,155$625,292
26$1,019,390$335,362$29,562$654,466
27$1,070,360$354,221$31,040$685,098
28$1,123,878$374,022$32,592$717,263
29$1,180,071$394,814$34,222$751,035
30$1,239,075$416,645$35,933$786,496
Total$20,000,000$6,198,521$580,000$13,221,478

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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.