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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Sep 26, 2014

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The tax information provided here is based on 2025 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 $93,000,000 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:Fri, Sep 26, 2014
Jackpot:$93,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,399,783$474,940$40,594$884,250
2$1,469,773$500,836$42,623$926,313
3$1,543,261$528,027$44,755$970,480
4$1,620,424$556,577$46,992$1,016,855
5$1,701,446$586,555$49,342$1,065,549
6$1,786,518$618,032$51,809$1,116,677
7$1,875,844$651,082$54,399$1,170,362
8$1,969,636$685,786$57,119$1,226,731
9$2,068,118$722,224$59,975$1,285,919
10$2,171,524$760,484$62,974$1,348,065
11$2,280,100$800,657$66,123$1,413,320
12$2,394,105$842,839$69,429$1,481,837
13$2,513,810$887,130$72,900$1,553,780
14$2,639,501$933,635$76,546$1,629,320
15$2,771,476$982,466$80,373$1,708,637
16$2,910,049$1,033,739$84,391$1,791,919
17$3,055,552$1,087,574$88,611$1,879,366
18$3,208,329$1,144,102$93,042$1,971,186
19$3,368,746$1,203,456$97,694$2,067,596
20$3,537,183$1,265,778$102,578$2,168,827
21$3,714,042$1,331,216$107,707$2,275,119
22$3,899,744$1,399,926$113,093$2,386,726
23$4,094,732$1,472,071$118,747$2,503,913
24$4,299,468$1,547,823$124,685$2,626,960
25$4,514,442$1,627,364$130,919$2,756,159
26$4,740,164$1,710,881$137,465$2,891,818
27$4,977,172$1,798,574$144,338$3,034,260
28$5,226,030$1,890,651$151,555$3,183,824
29$5,487,332$1,987,333$159,133$3,340,866
30$5,761,699$2,088,849$167,089$3,505,761
Total$93,000,000$33,120,607$2,697,000$57,182,395

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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.