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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Jun 30, 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 $368,000,000 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, Jun 30, 2023
Jackpot:$368,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,538,928$2,007,591$160,629$3,370,708
2$5,815,875$2,110,061$168,660$3,537,153
3$6,106,668$2,217,655$177,093$3,711,920
4$6,412,002$2,330,628$185,948$3,895,425
5$6,732,602$2,449,250$195,245$4,088,106
6$7,069,232$2,573,804$205,008$4,290,421
7$7,422,694$2,704,584$215,258$4,502,851
8$7,793,828$2,841,904$226,021$4,725,903
9$8,183,520$2,986,090$237,322$4,960,108
10$8,592,695$3,137,485$249,188$5,206,022
11$9,022,330$3,296,450$261,648$5,464,233
12$9,473,447$3,463,363$274,730$5,735,354
13$9,947,119$3,638,622$288,466$6,020,031
14$10,444,475$3,822,644$302,890$6,318,942
15$10,966,699$4,015,866$318,034$6,632,798
16$11,515,034$4,218,750$333,936$6,962,348
17$12,090,785$4,431,778$350,633$7,308,374
18$12,695,325$4,655,458$368,164$7,671,702
19$13,330,091$4,890,321$386,573$8,053,197
20$13,996,596$5,136,928$405,901$8,453,766
21$14,696,425$5,395,865$426,196$8,874,364
22$15,431,246$5,667,749$447,506$9,315,991
23$16,202,809$5,953,227$469,881$9,779,700
24$17,012,949$6,252,979$493,376$10,266,595
25$17,863,597$6,567,718$518,044$10,777,834
26$18,756,777$6,898,195$543,947$11,314,635
27$19,694,616$7,245,195$571,144$11,878,276
28$20,679,346$7,609,546$599,701$12,470,099
29$21,713,313$7,992,114$629,686$13,091,514
30$22,798,979$8,393,810$661,170$13,743,999
Total$368,000,001$134,905,630$10,671,998$222,422,369

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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.