The jackpot for the MEGA Millions draw on Tue May 21, 2024, is projected to be $421 Million, with an option for a cash payout of $195.9 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For North Dakota residents, the state will deduct 2.9% from your lottery earnings.
North Dakota MEGA Millions Jackpot/Cash Option for Tue May 21, 2024 |
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Draw Date | Tue May 21, 2024 | Projected Jackpot | $421,000,000 | Cash Value | $195,900,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $195,900,000 | Federal Tax(24%) | $47,016,000 | Additional Federal Tax | $25,427,330 | State Tax(2.9%) | $5,681,100 | Net Lumpsum Payment | $117,775,570 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$6,336,471 |
$2,304,825 $183,758 |
$3,847,888 |
2 |
$6,653,484 |
$2,422,119 $192,951 |
$4,038,414 |
3 |
$6,986,074 |
$2,545,178 $202,596 |
$4,238,300 |
4 |
$7,335,504 |
$2,674,467 $212,730 |
$4,448,307 |
5 |
$7,702,195 |
$2,810,143 $223,364 |
$4,668,688 |
6 |
$8,087,410 |
$2,952,672 $234,535 |
$4,900,203 |
7 |
$8,491,570 |
$3,102,211 $246,256 |
$5,143,103 |
8 |
$8,916,359 |
$3,259,383 $258,574 |
$5,398,402 |
9 |
$9,362,198 |
$3,424,344 $271,504 |
$5,666,350 |
10 |
$9,830,350 |
$3,597,560 $285,080 |
$5,947,710 |
11 |
$10,321,657 |
$3,779,343 $299,328 |
$6,242,986 |
12 |
$10,837,803 |
$3,970,317 $314,296 |
$6,553,190 |
13 |
$11,379,630 |
$4,170,793 $330,009 |
$6,878,828 |
14 |
$11,948,822 |
$4,381,395 $346,516 |
$7,220,911 |
15 |
$12,546,221 |
$4,602,432 $363,840 |
$7,579,949 |
16 |
$13,173,511 |
$4,834,529 $382,032 |
$7,956,950 |
17 |
$13,831,955 |
$5,078,154 $401,127 |
$8,352,674 |
18 |
$14,523,658 |
$5,334,084 $421,186 |
$8,768,388 |
19 |
$15,249,883 |
$5,602,787 $442,247 |
$9,204,849 |
20 |
$16,012,314 |
$5,884,887 $464,357 |
$9,663,070 |
21 |
$16,813,056 |
$6,181,161 $487,579 |
$10,144,316 |
22 |
$17,653,793 |
$6,492,234 $511,960 |
$10,649,599 |
23 |
$18,536,209 |
$6,818,728 $537,550 |
$11,179,931 |
24 |
$19,463,251 |
$7,161,733 $564,434 |
$11,737,084 |
25 |
$20,436,182 |
$7,521,718 $592,649 |
$12,321,815 |
26 |
$21,458,370 |
$7,899,927 $622,293 |
$12,936,150 |
27 |
$22,531,078 |
$8,296,829 $653,401 |
$13,580,848 |
28 |
$23,657,674 |
$8,713,670 $686,073 |
$14,257,931 |
29 |
$24,840,684 |
$9,151,383 $720,380 |
$14,968,921 |
30 |
$26,082,634 |
$9,610,905 $756,396 |
$15,715,333 |
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