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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Nov 20, 2020

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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 $188,000,000 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, Nov 20, 2020
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,011,050$82,060$1,736,559
2$2,971,153$1,063,399$86,163$1,821,591
3$3,119,711$1,118,365$90,472$1,910,874
4$3,275,697$1,176,080$94,995$2,004,621
5$3,439,481$1,236,680$99,745$2,103,056
6$3,611,455$1,300,311$104,732$2,206,412
7$3,792,028$1,367,123$109,969$2,314,937
8$3,981,630$1,437,275$115,467$2,428,887
9$4,180,711$1,510,935$121,241$2,548,535
10$4,389,747$1,588,278$127,303$2,674,165
11$4,609,234$1,669,489$133,668$2,806,077
12$4,839,696$1,754,760$140,351$2,944,585
13$5,081,680$1,844,294$147,369$3,090,018
14$5,335,764$1,938,305$154,737$3,242,722
15$5,602,553$2,037,017$162,474$3,403,062
16$5,882,680$2,140,664$170,598$3,571,419
17$6,176,814$2,249,494$179,128$3,748,193
18$6,485,655$2,363,765$188,084$3,933,806
19$6,809,938$2,483,749$197,488$4,128,700
20$7,150,435$2,609,733$207,363$4,333,339
21$7,507,956$2,742,016$217,731$4,548,210
22$7,883,354$2,880,913$228,617$4,773,824
23$8,277,522$3,026,755$240,048$5,010,718
24$8,691,398$3,179,889$252,051$5,259,458
25$9,125,968$3,340,680$264,653$5,520,634
26$9,582,266$3,509,511$277,886$5,794,870
27$10,061,380$3,686,783$291,780$6,082,817
28$10,564,449$3,872,918$306,369$6,385,161
29$11,092,671$4,068,361$321,687$6,702,623
30$11,647,305$4,273,575$337,772$7,035,958
Total$188,000,000$68,482,167$5,452,001$114,065,831

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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.