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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Jan 11, 2013

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The tax information provided here is based on 2022 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 $55,000,000 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 prize money, as well as deductions claimed.

State:

North Dakota

Drawing Date:Fri, Jan 11, 2013
Jackpot:$55,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$827,829$269,252$24,007$534,570
2$869,220$284,567$25,207$559,446
3$912,681$300,647$26,468$585,567
4$958,315$317,532$27,791$612,993
5$1,006,231$335,261$29,181$641,790
6$1,056,543$353,876$30,640$672,027
7$1,109,370$373,422$32,172$703,776
8$1,164,838$393,945$33,780$737,113
9$1,223,080$415,495$35,469$772,116
10$1,284,234$438,122$37,243$808,870
11$1,348,446$461,880$39,105$847,461
12$1,415,868$486,826$41,060$887,982
13$1,486,662$513,020$43,113$930,529
14$1,560,995$540,523$45,269$975,203
15$1,639,045$569,402$47,532$1,022,111
16$1,720,997$599,724$49,909$1,071,364
17$1,807,047$631,562$52,404$1,123,080
18$1,897,399$664,993$55,025$1,177,382
19$1,992,269$700,095$57,776$1,234,399
20$2,091,882$736,952$60,665$1,294,266
21$2,196,477$775,651$63,698$1,357,127
22$2,306,300$816,286$66,883$1,423,132
23$2,421,615$858,953$70,227$1,492,436
24$2,542,696$903,753$73,738$1,565,205
25$2,669,831$950,792$77,425$1,641,613
26$2,803,323$1,000,184$81,296$1,721,842
27$2,943,489$1,052,046$85,361$1,806,082
28$3,090,663$1,106,500$89,629$1,894,534
29$3,245,196$1,163,678$94,111$1,987,408
30$3,407,456$1,223,714$98,816$2,084,926
Total$55,000,000$19,238,653$1,595,000$34,166,350

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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.