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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Oct 3, 2014

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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 $120,000,000 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, Oct 3, 2014
Jackpot:$120,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,806,172$631,239$52,379$1,122,554
2$1,896,481$664,653$54,998$1,176,830
3$1,991,305$699,738$57,748$1,233,819
4$2,090,870$736,577$60,635$1,293,658
5$2,195,414$775,258$63,667$1,356,489
6$2,305,184$815,873$66,850$1,422,461
7$2,420,444$858,519$70,193$1,491,732
8$2,541,466$903,297$73,703$1,564,466
9$2,668,539$950,314$77,388$1,640,837
10$2,801,966$999,682$81,257$1,721,027
11$2,942,064$1,051,519$85,320$1,805,226
12$3,089,167$1,105,947$89,586$1,893,635
13$3,243,626$1,163,097$94,065$1,986,464
14$3,405,807$1,223,104$98,768$2,083,935
15$3,576,097$1,286,111$103,707$2,186,280
16$3,754,902$1,352,269$108,892$2,293,741
17$3,942,647$1,421,735$114,337$2,406,576
18$4,139,780$1,494,674$120,054$2,525,053
19$4,346,769$1,571,259$126,056$2,649,453
20$4,564,107$1,651,675$132,359$2,780,073
21$4,792,313$1,736,111$138,977$2,917,225
22$5,031,928$1,824,768$145,926$3,061,234
23$5,283,525$1,917,859$153,222$3,212,443
24$5,547,701$2,015,604$160,883$3,371,213
25$5,825,086$2,118,237$168,927$3,537,922
26$6,116,340$2,226,001$177,374$3,712,965
27$6,422,157$2,339,153$186,243$3,896,762
28$6,743,265$2,457,963$195,555$4,089,747
29$7,080,428$2,582,713$205,332$4,292,382
30$7,434,450$2,713,701$215,599$4,505,149
Total$120,000,000$43,288,650$3,480,000$73,231,351

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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.