USA Mega

North Dakota Mega Millions Jackpot Annuity Payout Schedule for Mar 8, 2002

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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 $30,000,000 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, Mar 8, 2002
Jackpot:$30,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$451,543$127,587$13,095$310,861
2$474,120$135,489$13,749$324,881
3$497,826$143,786$14,437$339,603
4$522,718$152,498$15,159$355,060
5$548,853$161,646$15,917$371,291
6$576,296$171,251$16,713$388,333
7$605,111$181,336$17,548$406,227
8$635,366$192,106$18,426$424,835
9$667,135$203,860$19,347$443,928
10$700,491$216,202$20,314$463,975
11$735,516$229,161$21,330$485,025
12$772,292$242,768$22,396$507,127
13$810,906$257,056$23,516$530,335
14$851,452$272,057$24,692$554,702
15$894,024$287,809$25,927$580,288
16$938,726$304,349$27,223$607,154
17$985,662$321,715$28,584$635,363
18$1,034,945$339,950$30,013$664,982
19$1,086,692$359,096$31,514$696,082
20$1,141,027$379,200$33,090$728,737
21$1,198,078$400,309$34,744$763,025
22$1,257,982$422,474$36,481$799,027
23$1,320,881$445,746$38,306$836,829
24$1,386,925$470,183$40,221$876,522
25$1,456,271$495,841$42,232$918,199
26$1,529,085$522,782$44,343$961,960
27$1,605,539$551,070$46,561$1,007,909
28$1,685,816$580,772$48,889$1,056,155
29$1,770,107$611,960$51,333$1,106,814
30$1,858,612$644,707$53,900$1,160,006
Total$30,000,000$9,824,766$870,000$19,305,235

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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.