USA Mega

North Dakota Mega Millions Jackpot Annuity Payout Schedule for Mar 25, 2014

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The tax information provided here is based on 2021 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 $20,000,000 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, Mar 25, 2014
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$79,904$8,730$212,395
2$316,080$85,172$9,166$221,742
3$331,884$90,704$9,625$231,556
4$348,478$96,512$10,106$241,861
5$365,902$102,610$10,611$252,681
6$384,197$109,013$11,142$264,042
7$403,407$115,737$11,699$275,972
8$423,578$122,796$12,284$288,497
9$444,757$130,209$12,898$301,650
10$466,994$137,992$13,543$315,459
11$490,344$146,165$14,220$329,959
12$514,861$154,746$14,931$345,185
13$540,604$164,096$15,678$360,831
14$567,635$174,097$16,461$377,076
15$596,016$184,598$17,284$394,134
16$625,817$195,625$18,149$412,044
17$657,108$207,202$19,056$430,850
18$689,963$219,359$20,009$450,596
19$724,461$232,123$21,009$471,329
20$760,685$245,526$22,060$493,099
21$798,719$259,598$23,163$515,958
22$838,655$274,374$24,321$539,959
23$880,587$289,890$25,537$565,161
24$924,617$306,180$26,814$591,622
25$970,848$323,286$28,155$619,407
26$1,019,390$341,247$29,562$648,581
27$1,070,360$360,105$31,040$679,214
28$1,123,878$379,907$32,592$711,378
29$1,180,071$400,699$34,222$745,151
30$1,239,075$422,530$35,933$780,612
Total$20,000,000$6,352,002$580,000$13,068,001

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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.