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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Jan 1, 2021

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The tax information provided here is based on 2024 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 $401,000,000 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, Jan 1, 2021
Jackpot:$401,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,035,625$2,191,369$175,033$3,669,223
2$6,337,407$2,303,028$183,785$3,850,594
3$6,654,277$2,420,270$192,974$4,041,033
4$6,986,991$2,543,374$202,623$4,240,994
5$7,336,340$2,672,634$212,754$4,450,953
6$7,703,157$2,808,356$223,392$4,671,410
7$8,088,316$2,950,865$234,561$4,902,890
8$8,492,731$3,100,498$246,289$5,145,944
9$8,917,368$3,257,614$258,604$5,401,150
10$9,363,236$3,422,585$271,534$5,669,117
11$9,831,398$3,595,805$285,111$5,950,482
12$10,322,968$3,777,686$299,366$6,245,916
13$10,839,116$3,968,661$314,334$6,556,121
14$11,381,072$4,169,184$330,051$6,881,837
15$11,950,126$4,379,734$346,554$7,223,838
16$12,547,632$4,600,812$363,881$7,582,939
17$13,175,013$4,832,943$382,075$7,959,995
18$13,833,764$5,076,680$401,179$8,355,905
19$14,525,452$5,332,605$421,238$8,771,609
20$15,251,725$5,601,326$442,300$9,208,099
21$16,014,311$5,883,483$464,415$9,666,413
22$16,815,027$6,179,748$487,636$10,147,643
23$17,655,778$6,490,826$512,018$10,652,935
24$18,538,567$6,817,457$537,618$11,183,491
25$19,465,495$7,160,421$564,499$11,740,575
26$20,438,770$7,520,533$592,724$12,325,513
27$21,460,709$7,898,650$622,361$12,939,698
28$22,533,744$8,295,673$653,479$13,584,592
29$23,660,431$8,712,547$686,153$14,261,731
30$24,843,453$9,150,265$720,460$14,972,727
Total$401,000,001$147,115,632$11,629,001$242,255,367

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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.