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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Dec 23, 2022

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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 $510,000,000 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 23, 2022
Jackpot:$510,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,676,232$2,798,394$222,611$4,655,228
2$8,060,044$2,940,404$233,741$4,885,898
3$8,463,046$3,089,515$245,428$5,128,103
4$8,886,198$3,246,081$257,700$5,382,417
5$9,330,508$3,410,476$270,585$5,649,447
6$9,797,033$3,583,090$284,114$5,929,829
7$10,286,885$3,764,335$298,320$6,224,230
8$10,801,229$3,954,643$313,236$6,533,351
9$11,341,291$4,154,465$328,897$6,857,928
10$11,908,355$4,364,279$345,342$7,198,734
11$12,503,773$4,584,584$362,609$7,556,580
12$13,128,962$4,815,904$380,740$7,932,318
13$13,785,410$5,058,789$399,777$8,326,843
14$14,474,680$5,313,819$419,766$8,741,095
15$15,198,414$5,581,601$440,754$9,176,059
16$15,958,335$5,862,772$462,792$9,632,772
17$16,756,251$6,158,001$485,931$10,112,319
18$17,594,064$6,467,991$510,228$10,615,845
19$18,473,767$6,793,482$535,739$11,144,546
20$19,397,456$7,135,246$562,526$11,699,683
21$20,367,328$7,494,099$590,653$12,282,577
22$21,385,695$7,870,895$620,185$12,894,615
23$22,454,980$8,266,530$651,194$13,537,255
24$23,577,728$8,681,947$683,754$14,212,027
25$24,756,615$9,118,135$717,942$14,920,538
26$25,994,446$9,576,133$753,839$15,664,474
27$27,294,168$10,057,030$791,531$16,445,607
28$28,658,876$10,561,972$831,107$17,265,797
29$30,091,820$11,092,161$872,663$18,126,996
30$31,596,411$11,648,860$916,296$19,031,256
Total$510,000,001$187,445,633$14,790,000$307,764,367

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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.