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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Jul 21, 2023

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The tax information provided here is based on 2025 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 $720,000,000 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, Jul 21, 2023
Jackpot:$720,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,837,033$3,966,723$314,274$6,556,037
2$11,378,885$4,167,208$329,988$6,881,690
3$11,947,829$4,377,717$346,487$7,223,625
4$12,545,221$4,598,752$363,811$7,582,658
5$13,172,481$4,830,838$382,002$7,959,641
6$13,831,106$5,074,529$401,102$8,355,474
7$14,522,661$5,330,405$421,157$8,771,099
8$15,248,794$5,599,074$442,215$9,207,505
9$16,011,234$5,881,177$464,326$9,665,731
10$16,811,796$6,177,385$487,542$10,146,869
11$17,652,385$6,488,403$511,919$10,652,063
12$18,535,005$6,814,972$537,515$11,182,518
13$19,461,755$7,157,870$564,391$11,739,494
14$20,434,843$7,517,912$592,610$12,324,320
15$21,456,585$7,895,957$622,241$12,938,387
16$22,529,414$8,292,903$653,353$13,583,158
17$23,655,884$8,709,697$686,021$14,260,166
18$24,838,679$9,147,331$720,322$14,971,026
19$26,080,613$9,606,847$756,338$15,717,428
20$27,384,643$10,089,338$794,155$16,501,150
21$28,753,875$10,595,954$833,862$17,324,059
22$30,191,569$11,127,901$875,556$18,188,113
23$31,701,148$11,686,445$919,333$19,095,370
24$33,286,205$12,272,916$965,300$20,047,989
25$34,950,515$12,888,711$1,013,565$21,048,239
26$36,698,041$13,535,296$1,064,243$22,098,503
27$38,532,943$14,214,209$1,117,455$23,201,279
28$40,459,590$14,927,069$1,173,328$24,359,193
29$42,482,570$15,675,571$1,231,995$25,575,004
30$44,606,699$16,461,499$1,293,594$26,851,606
Total$720,000,001$265,110,609$20,880,000$434,009,394

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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.