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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Jun 13, 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 $260,000,000 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, Jun 13, 2023
Jackpot:$260,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,913,373$1,406,136$113,488$2,393,749
2$4,109,042$1,478,533$119,162$2,511,346
3$4,314,494$1,554,550$125,120$2,634,823
4$4,530,219$1,634,369$131,376$2,764,474
5$4,756,729$1,718,178$137,945$2,900,607
6$4,994,566$1,806,177$144,842$3,043,546
7$5,244,294$1,898,577$152,085$3,193,633
8$5,506,509$1,995,596$159,689$3,351,224
9$5,781,835$2,097,467$167,673$3,516,695
10$6,070,926$2,204,430$176,057$3,690,439
11$6,374,473$2,316,743$184,860$3,872,870
12$6,693,196$2,434,670$194,103$4,064,423
13$7,027,856$2,558,494$203,808$4,265,554
14$7,379,249$2,688,510$213,998$4,476,741
15$7,748,211$2,825,026$224,698$4,698,487
16$8,135,622$2,968,368$235,933$4,931,321
17$8,542,403$3,118,877$247,730$5,175,796
18$8,969,523$3,276,911$260,116$5,432,496
19$9,417,999$3,442,847$273,122$5,702,030
20$9,888,899$3,617,080$286,778$5,985,041
21$10,383,344$3,800,025$301,117$6,282,202
22$10,902,511$3,992,117$316,173$6,594,221
23$11,447,637$4,193,813$331,981$6,921,842
24$12,020,018$4,405,595$348,581$7,265,843
25$12,621,019$4,627,965$366,010$7,627,045
26$13,252,071$4,861,454$384,310$8,006,307
27$13,914,674$5,106,617$403,526$8,404,531
28$14,610,408$5,364,039$423,702$8,822,667
29$15,340,928$5,634,331$444,887$9,261,710
30$16,107,974$5,918,138$467,131$9,722,705
Total$260,000,001$94,945,633$7,540,001$157,514,368

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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.