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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Oct 3, 2023

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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 $315,000,000 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:Tue, Oct 3, 2023
Jackpot:$315,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,741,202$1,712,432$137,495$2,891,275
2$4,978,262$1,800,145$144,370$3,033,748
3$5,227,175$1,892,243$151,588$3,183,345
4$5,488,534$1,988,945$159,167$3,340,421
5$5,762,961$2,090,483$167,126$3,505,352
6$6,051,109$2,197,098$175,482$3,678,529
7$6,353,664$2,309,044$184,256$3,860,365
8$6,671,348$2,426,586$193,469$4,051,292
9$7,004,915$2,550,006$203,143$4,251,766
10$7,355,161$2,679,597$213,300$4,462,264
11$7,722,919$2,815,668$223,965$4,683,286
12$8,109,065$2,958,542$235,163$4,915,360
13$8,514,518$3,108,559$246,921$5,159,037
14$8,940,244$3,266,078$259,267$5,414,899
15$9,387,256$3,431,472$272,230$5,683,553
16$9,856,619$3,605,137$285,842$5,965,640
17$10,349,449$3,787,484$300,134$6,261,831
18$10,866,922$3,978,949$315,141$6,572,832
19$11,410,268$4,179,987$330,898$6,899,383
20$11,980,782$4,391,077$347,443$7,242,262
21$12,579,820$4,612,721$364,815$7,602,284
22$13,208,812$4,845,448$383,056$7,980,308
23$13,869,252$5,089,811$402,208$8,377,233
24$14,562,715$5,346,392$422,319$8,794,004
25$15,290,850$5,615,802$443,435$9,231,613
26$16,055,393$5,898,683$465,606$9,691,104
27$16,858,163$6,195,708$488,887$10,173,568
28$17,701,071$6,507,584$513,331$10,680,156
29$18,586,124$6,835,054$538,998$11,212,073
30$19,515,431$7,178,897$565,947$11,770,586
Total$315,000,001$115,295,632$9,135,002$190,569,369

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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.