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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Aug 1, 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 $1,100,000,000 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, Aug 1, 2023
Jackpot:$1,100,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,556,579$6,084,122$480,141$9,992,316
2$17,384,408$6,390,419$504,148$10,489,841
3$18,253,628$6,712,030$529,355$11,012,242
4$19,166,310$7,049,722$555,823$11,560,764
5$20,124,624$7,404,299$583,614$12,136,711
6$21,130,856$7,776,604$612,795$12,741,457
7$22,187,399$8,167,525$643,435$13,376,439
8$23,296,769$8,577,992$675,606$14,043,170
9$24,461,608$9,008,983$709,387$14,743,238
10$25,684,688$9,461,522$744,856$15,478,309
11$26,968,922$9,936,689$782,099$16,250,134
12$28,317,368$10,435,614$821,204$17,060,551
13$29,733,237$10,959,485$862,264$17,911,487
14$31,219,899$11,509,550$905,377$18,804,971
15$32,780,893$12,087,118$950,646$19,743,129
16$34,419,938$12,693,565$998,178$20,728,195
17$36,140,935$13,330,334$1,048,087$21,762,514
18$37,947,982$13,998,941$1,100,491$22,848,549
19$39,845,380$14,700,978$1,155,516$23,988,886
20$41,837,650$15,438,118$1,213,292$25,186,240
21$43,929,532$16,212,115$1,273,956$26,443,461
22$46,126,009$17,024,811$1,337,654$27,763,543
23$48,432,309$17,878,142$1,404,537$29,149,630
24$50,853,924$18,774,140$1,474,764$30,605,021
25$53,396,620$19,714,937$1,548,502$32,133,181
26$56,066,452$20,702,775$1,625,927$33,737,750
27$58,869,775$21,740,004$1,707,223$35,422,547
28$61,813,263$22,829,095$1,792,585$37,191,583
29$64,903,926$23,972,640$1,882,214$39,049,072
30$68,149,123$25,173,363$1,976,325$40,999,435
Total$1,100,000,002$405,745,632$31,900,001$662,354,366

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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.