USA Mega

North Dakota Mega Millions Jackpot Annuity Payout Schedule for Sep 29, 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 $24,000,000 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 29, 1998
Jackpot:$24,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$361,234$96,807$10,476$253,952
2$379,296$103,128$11,000$265,168
3$398,261$109,766$11,550$276,945
4$418,174$116,736$12,127$289,311
5$439,083$124,054$12,733$302,296
6$461,037$131,738$13,370$315,929
7$484,089$139,806$14,039$330,244
8$508,293$148,277$14,741$345,275
9$533,708$157,172$15,478$361,058
10$560,393$166,512$16,251$377,629
11$588,413$176,319$17,064$395,030
12$617,833$186,786$17,917$413,130
13$648,725$198,216$18,813$431,696
14$681,161$210,217$19,754$451,190
15$715,219$222,819$20,741$471,659
16$750,980$236,051$21,778$493,152
17$788,529$249,944$22,867$515,718
18$827,956$264,531$24,011$539,414
19$869,354$279,849$25,211$564,294
20$912,821$295,932$26,472$590,418
21$958,463$312,819$27,795$617,848
22$1,006,386$330,550$29,185$646,650
23$1,056,705$349,169$30,644$676,892
24$1,109,540$368,718$32,177$708,646
25$1,165,017$389,244$33,785$741,988
26$1,223,268$410,797$35,475$776,996
27$1,284,431$433,427$37,249$813,756
28$1,348,653$457,189$39,111$852,353
29$1,416,086$482,139$41,066$892,880
30$1,486,890$508,337$43,120$935,433
Total$24,000,000$7,657,049$696,000$15,646,950

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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.