USA Mega

North Dakota Mega Millions Jackpot Annuity Payout Schedule for Aug 14, 2001

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The tax information provided here is based on 2025 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 $47,000,000 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, Aug 14, 2001
Jackpot:$47,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,417$218,765$20,515$468,138
2$742,788$231,852$21,541$489,396
3$779,928$245,594$22,618$511,716
4$818,924$260,022$23,749$535,153
5$859,870$275,172$24,936$559,762
6$902,864$291,080$26,183$585,601
7$948,007$307,783$27,492$612,732
8$995,407$325,321$28,867$641,220
9$1,045,178$343,736$30,310$671,132
10$1,097,437$363,072$31,826$702,539
11$1,152,308$383,374$33,417$735,517
12$1,209,924$404,692$35,088$770,144
13$1,270,420$427,076$36,842$806,502
14$1,333,941$450,578$38,684$844,678
15$1,400,638$475,256$40,619$884,763
16$1,470,670$501,168$42,649$926,852
17$1,544,204$528,376$44,782$971,046
18$1,621,414$556,943$47,021$1,017,449
19$1,702,484$586,939$49,372$1,066,173
20$1,787,609$618,435$51,841$1,117,333
21$1,876,989$651,506$54,433$1,171,050
22$1,970,839$686,231$57,154$1,227,454
23$2,069,380$722,691$60,012$1,286,677
24$2,172,849$760,975$63,013$1,348,862
25$2,281,492$801,172$66,163$1,414,156
26$2,395,567$843,380$69,471$1,482,715
27$2,515,345$887,698$72,945$1,554,702
28$2,641,112$934,232$76,592$1,630,288
29$2,773,168$983,092$80,422$1,709,654
30$2,911,826$1,034,396$84,443$1,792,987
Total$47,000,000$16,100,607$1,363,000$29,536,391

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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.