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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 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 $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 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$1,935,194$154,955$3,253,111
2$5,610,422$2,034,044$162,702$3,413,676
3$5,890,943$2,137,837$170,837$3,582,269
4$6,185,491$2,246,819$179,379$3,759,292
5$6,494,765$2,361,251$188,348$3,945,166
6$6,819,503$2,481,404$197,766$4,140,334
7$7,160,479$2,607,565$207,654$4,345,260
8$7,518,503$2,740,034$218,037$4,560,432
9$7,894,428$2,879,126$228,938$4,786,363
10$8,289,149$3,025,173$240,385$5,023,591
11$8,703,607$3,178,522$252,405$5,272,680
12$9,138,787$3,339,539$265,025$5,534,223
13$9,595,726$3,508,606$278,276$5,808,844
14$10,075,513$3,686,127$292,190$6,097,195
15$10,579,288$3,872,524$306,799$6,399,964
16$11,108,253$4,068,241$322,139$6,717,872
17$11,663,665$4,273,744$338,246$7,051,675
18$12,246,849$4,489,522$355,159$7,402,168
19$12,859,191$4,716,088$372,917$7,770,186
20$13,502,151$4,953,983$391,562$8,156,605
21$14,177,258$5,203,773$411,140$8,562,344
22$14,886,121$5,466,052$431,698$8,988,371
23$15,630,427$5,741,446$453,282$9,435,699
24$16,411,948$6,030,609$475,946$9,905,393
25$17,232,546$6,334,230$499,744$10,398,572
26$18,094,173$6,653,032$524,731$10,916,410
27$18,998,882$6,987,774$550,968$11,460,140
28$19,948,826$7,339,253$578,516$12,031,056
29$20,946,267$7,708,307$607,442$12,630,519
30$21,993,581$8,095,813$637,814$13,259,954
Total$355,000,001$130,095,632$10,295,000$214,609,364

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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.