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North Dakota Mega Millions Jackpot Annuity Payout Schedule for Jul 5, 2024

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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 $162,000,000 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 5, 2024
Jackpot:$162,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,438,332$860,371$70,712$1,507,250
2$2,560,249$905,480$74,247$1,580,522
3$2,688,262$952,845$77,960$1,657,457
4$2,822,675$1,002,577$81,858$1,738,240
5$2,963,808$1,054,797$85,950$1,823,061
6$3,111,999$1,109,627$90,248$1,912,124
7$3,267,599$1,167,199$94,760$2,005,639
8$3,430,979$1,227,650$99,498$2,103,830
9$3,602,528$1,291,123$104,473$2,206,931
10$3,782,654$1,357,770$109,697$2,315,187
11$3,971,787$1,427,749$115,182$2,428,856
12$4,170,376$1,501,227$120,941$2,548,208
13$4,378,895$1,578,379$126,988$2,673,528
14$4,597,840$1,659,388$133,337$2,805,114
15$4,827,732$1,744,448$140,004$2,943,279
16$5,069,118$1,833,761$147,004$3,088,352
17$5,322,574$1,927,540$154,355$3,240,679
18$5,588,703$2,026,008$162,072$3,400,623
19$5,868,138$2,129,399$170,176$3,568,563
20$6,161,545$2,237,959$178,685$3,744,901
21$6,469,622$2,351,948$187,619$3,930,055
22$6,793,103$2,471,636$197,000$4,124,467
23$7,132,758$2,597,308$206,850$4,328,600
24$7,489,396$2,729,264$217,192$4,542,939
25$7,863,866$2,867,818$228,052$4,767,996
26$8,257,059$3,013,300$239,455$5,004,305
27$8,669,912$3,166,055$251,427$5,252,430
28$9,103,408$3,326,449$263,999$5,512,960
29$9,558,578$3,494,862$277,199$5,786,518
30$10,036,507$3,671,695$291,059$6,073,753
Total$162,000,000$58,685,632$4,697,999$98,616,367

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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.