The jackpot for the MEGA Millions draw on Fri Jul 26, 2024, is projected to be $306 Million, with an option for a cash payout of $143.8 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 Fri Jul 26, 2024 |
|---|
| Draw Date | Fri Jul 26, 2024 | | Projected Jackpot | $306,000,000 | | Cash Value | $143,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $143,800,000 | | Federal Tax(24%) | $34,512,000 | | Additional Federal Tax | $18,654,330 | | State Tax(2.9%) | $4,170,200 | | Net Lumpsum Payment | $86,463,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,605,606 |
$1,664,405
$133,563 |
$2,807,638 |
| 2 |
$4,836,024 |
$1,749,659
$140,245 |
$2,946,120 |
| 3 |
$5,077,764 |
$1,839,103
$147,255 |
$3,091,406 |
| 4 |
$5,331,744 |
$1,933,076
$154,621 |
$3,244,047 |
| 5 |
$5,598,270 |
$2,031,690
$162,350 |
$3,404,230 |
| 6 |
$5,878,260 |
$2,135,287
$170,470 |
$3,572,503 |
| 7 |
$6,172,020 |
$2,243,978
$178,989 |
$3,749,053 |
| 8 |
$6,480,774 |
$2,358,217
$187,942 |
$3,934,615 |
| 9 |
$6,804,828 |
$2,478,117
$197,340 |
$4,129,371 |
| 10 |
$7,145,100 |
$2,604,017
$207,208 |
$4,333,875 |
| 11 |
$7,502,202 |
$2,736,145
$217,564 |
$4,548,493 |
| 12 |
$7,877,358 |
$2,874,953
$228,443 |
$4,773,962 |
| 13 |
$8,271,180 |
$3,020,667
$239,864 |
$5,010,649 |
| 14 |
$8,684,892 |
$3,173,740
$251,862 |
$5,259,290 |
| 15 |
$9,119,106 |
$3,334,400
$264,454 |
$5,520,252 |
| 16 |
$9,575,046 |
$3,503,097
$277,676 |
$5,794,273 |
| 17 |
$10,053,630 |
$3,680,173
$291,555 |
$6,081,902 |
| 18 |
$10,556,388 |
$3,866,194
$306,135 |
$6,384,059 |
| 19 |
$11,084,238 |
$4,061,498
$321,443 |
$6,701,297 |
| 20 |
$11,638,404 |
$4,266,540
$337,514 |
$7,034,350 |
| 21 |
$12,220,416 |
$4,481,884
$354,392 |
$7,384,140 |
| 22 |
$12,831,498 |
$4,707,985
$372,113 |
$7,751,400 |
| 23 |
$13,472,874 |
$4,945,294
$390,713 |
$8,136,867 |
| 24 |
$14,146,686 |
$5,194,604
$410,254 |
$8,541,828 |
| 25 |
$14,853,852 |
$5,456,256
$430,762 |
$8,966,834 |
| 26 |
$15,596,820 |
$5,731,154
$452,308 |
$9,413,358 |
| 27 |
$16,376,508 |
$6,019,638
$474,919 |
$9,881,951 |
| 28 |
$17,195,364 |
$6,322,615
$498,666 |
$10,374,083 |
| 29 |
$18,055,224 |
$6,640,763
$523,601 |
$10,890,860 |
| 30 |
$18,957,924 |
$6,974,762
$549,780 |
$11,433,382 |
|
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