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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2022

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The tax information provided here is based on 2022 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 $355,000,000 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, Sep 30, 2022
Jackpot:$355,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,343,259$1,939,961$154,955$3,248,344
2$5,610,422$2,038,811$162,702$3,408,909
3$5,890,943$2,142,604$170,837$3,577,502
4$6,185,491$2,251,587$179,379$3,754,525
5$6,494,765$2,366,018$188,348$3,940,399
6$6,819,503$2,486,171$197,766$4,135,567
7$7,160,479$2,612,332$207,654$4,340,493
8$7,518,503$2,744,801$218,037$4,555,665
9$7,894,428$2,883,893$228,938$4,781,596
10$8,289,149$3,029,940$240,385$5,018,824
11$8,703,607$3,183,289$252,405$5,267,913
12$9,138,787$3,344,306$265,025$5,529,456
13$9,595,726$3,513,374$278,276$5,804,077
14$10,075,513$3,690,895$292,190$6,092,428
15$10,579,288$3,877,292$306,799$6,395,197
16$11,108,253$4,073,009$322,139$6,713,105
17$11,663,665$4,278,511$338,246$7,046,908
18$12,246,849$4,494,289$355,159$7,397,401
19$12,859,191$4,720,856$372,917$7,765,419
20$13,502,151$4,958,751$391,562$8,151,838
21$14,177,258$5,208,540$411,140$8,557,577
22$14,886,121$5,470,820$431,698$8,983,604
23$15,630,427$5,746,213$453,282$9,430,932
24$16,411,948$6,035,376$475,946$9,900,626
25$17,232,546$6,338,997$499,744$10,393,805
26$18,094,173$6,657,799$524,731$10,911,643
27$18,998,882$6,992,541$550,968$11,455,373
28$19,948,826$7,344,020$578,516$12,026,289
29$20,946,267$7,713,074$607,442$12,625,751
30$21,993,581$8,100,580$637,814$13,255,187
Total$355,000,001$130,238,650$10,295,000$214,466,353

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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.