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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Dec 25, 2020

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The tax information provided here is based on 2026 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 $352,000,000 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, Dec 25, 2020
Jackpot:$352,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,298,105$1,916,256$153,645$3,228,204
2$5,563,010$2,014,271$161,327$3,387,412
3$5,841,161$2,117,187$169,394$3,554,580
4$6,133,219$2,225,248$177,863$3,730,107
5$6,439,880$2,338,713$186,757$3,914,410
6$6,761,874$2,457,851$196,094$4,107,929
7$7,099,968$2,582,945$205,899$4,311,123
8$7,454,966$2,714,295$216,194$4,524,477
9$7,827,714$2,852,212$227,004$4,748,499
10$8,219,100$2,997,024$238,354$4,983,722
11$8,630,055$3,149,078$250,272$5,230,706
12$9,061,558$3,308,734$262,785$5,490,039
13$9,514,636$3,476,372$275,924$5,762,339
14$9,990,368$3,652,393$289,721$6,048,254
15$10,489,886$3,837,215$304,207$6,348,464
16$11,014,380$4,031,278$319,417$6,663,685
17$11,565,099$4,235,044$335,388$6,994,667
18$12,143,354$4,448,998$352,157$7,342,199
19$12,750,522$4,673,650$369,765$7,707,106
20$13,388,048$4,909,535$388,253$8,090,260
21$14,057,450$5,157,214$407,666$8,492,570
22$14,760,323$5,417,277$428,049$8,914,997
23$15,498,339$5,690,343$449,452$9,358,544
24$16,273,256$5,977,062$471,924$9,824,269
25$17,086,918$6,278,117$495,521$10,313,281
26$17,941,265$6,594,225$520,297$10,826,743
27$18,838,328$6,926,139$546,312$11,365,878
28$19,780,244$7,274,648$573,627$11,931,969
29$20,769,256$7,640,582$602,308$12,526,366
30$21,807,719$8,024,813$632,424$13,150,482
Total$352,000,001$128,918,719$10,208,000$212,873,281

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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.