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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 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 $101,000,000 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, Sep 5, 2023
Jackpot:$101,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,520,195$520,660$44,086$955,449
2$1,596,205$548,783$46,290$1,001,131
3$1,676,015$578,313$48,604$1,049,097
4$1,759,816$609,320$51,035$1,099,461
5$1,847,806$641,876$53,586$1,152,344
6$1,940,197$676,061$56,266$1,207,871
7$2,037,207$711,954$59,079$1,266,173
8$2,139,067$749,643$62,033$1,327,392
9$2,246,020$789,215$65,135$1,391,670
10$2,358,321$830,767$68,391$1,459,163
11$2,476,237$874,396$71,811$1,530,031
12$2,600,049$920,206$75,401$1,604,442
13$2,730,052$968,307$79,171$1,682,573
14$2,866,554$1,018,813$83,130$1,764,611
15$3,009,882$1,071,844$87,287$1,850,751
16$3,160,376$1,127,527$91,651$1,941,198
17$3,318,395$1,185,994$96,233$2,036,168
18$3,484,315$1,247,384$101,045$2,135,885
19$3,658,530$1,311,844$106,097$2,240,589
20$3,841,457$1,379,527$111,402$2,350,528
21$4,033,530$1,450,594$116,972$2,465,964
22$4,235,206$1,525,214$122,821$2,587,171
23$4,446,967$1,603,565$128,962$2,714,439
24$4,669,315$1,685,834$135,410$2,848,070
25$4,902,781$1,772,217$142,181$2,988,383
26$5,147,920$1,862,918$149,290$3,135,712
27$5,405,316$1,958,155$156,754$3,290,407
28$5,675,581$2,058,153$164,592$3,452,837
29$5,959,360$2,163,151$172,821$3,623,388
30$6,257,329$2,273,399$181,463$3,802,467
Total$101,000,000$36,115,634$2,928,999$61,955,365

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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.