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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Jan 30, 2007

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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 $54,000,000 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, Jan 30, 2007
Jackpot:$54,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$812,777$256,685$23,571$532,522
2$853,416$271,721$24,749$556,946
3$896,087$287,510$25,987$582,591
4$940,892$304,087$27,286$609,519
5$987,936$321,494$28,650$637,792
6$1,037,333$339,770$30,083$667,480
7$1,089,200$358,961$31,587$698,652
8$1,143,660$379,111$33,166$731,382
9$1,200,843$400,269$34,824$765,749
10$1,260,885$422,485$36,566$801,834
11$1,323,929$445,811$38,394$839,724
12$1,390,125$470,304$40,314$879,508
13$1,459,632$496,021$42,329$921,281
14$1,532,613$523,024$44,446$965,143
15$1,609,244$551,377$46,668$1,011,198
16$1,689,706$581,148$49,001$1,059,556
17$1,774,191$612,408$51,452$1,110,332
18$1,862,901$645,231$54,024$1,163,646
19$1,956,046$679,694$56,725$1,219,626
20$2,053,848$715,881$59,562$1,278,406
21$2,156,541$753,877$62,540$1,340,124
22$2,264,368$793,773$65,667$1,404,928
23$2,377,586$835,664$68,950$1,472,972
24$2,496,465$879,649$72,397$1,544,418
25$2,621,289$925,834$76,017$1,619,437
26$2,752,353$974,328$79,818$1,698,207
27$2,889,971$1,025,246$83,809$1,780,915
28$3,034,469$1,078,711$88,000$1,867,759
29$3,186,193$1,134,849$92,400$1,958,945
30$3,345,502$1,193,793$97,020$2,054,690
Total$54,000,000$18,658,716$1,566,002$33,775,282

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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.