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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Apr 7, 2006

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The tax information provided here is based on 2026 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 $162,000,000 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, Apr 7, 2006
Jackpot:$162,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,438,332$858,140$70,712$1,509,481
2$2,560,249$903,249$74,247$1,582,752
3$2,688,262$950,614$77,960$1,659,688
4$2,822,675$1,000,347$81,858$1,740,470
5$2,963,808$1,052,566$85,950$1,825,292
6$3,111,999$1,107,397$90,248$1,914,354
7$3,267,599$1,164,969$94,760$2,007,870
8$3,430,979$1,225,419$99,498$2,106,061
9$3,602,528$1,288,892$104,473$2,209,162
10$3,782,654$1,355,539$109,697$2,317,418
11$3,971,787$1,425,518$115,182$2,431,087
12$4,170,376$1,498,996$120,941$2,550,439
13$4,378,895$1,576,148$126,988$2,675,759
14$4,597,840$1,657,158$133,337$2,807,344
15$4,827,732$1,742,218$140,004$2,945,509
16$5,069,118$1,831,531$147,004$3,090,583
17$5,322,574$1,925,310$154,355$3,242,910
18$5,588,703$2,023,777$162,072$3,402,853
19$5,868,138$2,127,168$170,176$3,570,794
20$6,161,545$2,235,729$178,685$3,747,131
21$6,469,622$2,349,717$187,619$3,932,286
22$6,793,103$2,469,405$197,000$4,126,698
23$7,132,758$2,595,078$206,850$4,330,830
24$7,489,396$2,727,034$217,192$4,545,170
25$7,863,866$2,865,588$228,052$4,770,226
26$8,257,059$3,011,069$239,455$5,006,535
27$8,669,912$3,163,825$251,427$5,254,660
28$9,103,408$3,324,218$263,999$5,515,191
29$9,558,578$3,492,631$277,199$5,788,748
30$10,036,507$3,669,465$291,059$6,075,984
Total$162,000,000$58,618,715$4,697,999$98,683,285

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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.