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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Jan 8, 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 $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 prize money, as well as deductions claimed.

State:

North Dakota

Drawing Date:Tue, Jan 8, 2013
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$224,699$20,515$462,203
2$742,788$237,787$21,541$483,461
3$779,928$251,528$22,618$505,782
4$818,924$265,957$23,749$529,218
5$859,870$281,107$24,936$553,827
6$902,864$297,015$26,183$579,666
7$948,007$313,718$27,492$606,797
8$995,407$331,256$28,867$635,285
9$1,045,178$349,671$30,310$665,197
10$1,097,437$369,007$31,826$696,604
11$1,152,308$389,309$33,417$729,582
12$1,209,924$410,627$35,088$764,209
13$1,270,420$433,010$36,842$800,567
14$1,333,941$456,513$38,684$838,744
15$1,400,638$481,191$40,619$878,829
16$1,470,670$507,103$42,649$920,918
17$1,544,204$534,310$44,782$965,111
18$1,621,414$562,878$47,021$1,011,515
19$1,702,484$592,874$49,372$1,060,238
20$1,787,609$624,370$51,841$1,111,398
21$1,876,989$657,441$54,433$1,165,115
22$1,970,839$692,165$57,154$1,221,519
23$2,069,380$728,626$60,012$1,280,743
24$2,172,849$766,909$63,013$1,342,928
25$2,281,492$807,107$66,163$1,408,222
26$2,395,567$849,315$69,471$1,476,781
27$2,515,345$893,633$72,945$1,548,767
28$2,641,112$940,166$76,592$1,624,353
29$2,773,168$989,027$80,422$1,703,719
30$2,911,826$1,040,331$84,443$1,787,053
Total$47,000,000$16,278,650$1,363,000$29,358,351

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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.