Jackpot Analysis North Dakota Mega Millions

Jackpot Analysis for North Dakota Mega Millions
The jackpot for the MEGA Millions draw on Tue May 28, 2024, is projected to be $489 Million, with an option for a cash payout of $226.4 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 28, 2024
Draw DateTue May 28, 2024
Projected Jackpot$489,000,000
Cash Value$226,400,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$226,400,000
Federal Tax(24%)$54,336,000
Additional Federal Tax$29,392,330
State Tax(2.9%)$6,565,600
Net Lumpsum Payment$136,106,070
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $7,359,939 $2,683,508
$213,438
$4,462,993
2 $7,728,156 $2,819,748
$224,117
$4,684,291
3 $8,114,466 $2,962,683
$235,320
$4,916,463
4 $8,520,336 $3,112,855
$247,090
$5,160,391
5 $8,946,255 $3,270,445
$259,441
$5,416,369
6 $9,393,690 $3,435,996
$272,417
$5,685,277
7 $9,863,130 $3,609,688
$286,031
$5,967,411
8 $10,356,531 $3,792,247
$300,339
$6,263,945
9 $10,874,382 $3,983,852
$315,357
$6,575,173
10 $11,418,150 $4,185,046
$331,126
$6,901,978
11 $11,988,813 $4,396,191
$347,676
$7,244,946
12 $12,588,327 $4,618,011
$365,061
$7,605,255
13 $13,217,670 $4,850,868
$383,312
$7,983,490
14 $13,878,798 $5,095,486
$402,485
$8,380,827
15 $14,572,689 $5,352,225
$422,608
$8,797,856
16 $15,301,299 $5,621,811
$443,738
$9,235,750
17 $16,066,095 $5,904,786
$465,917
$9,695,392
18 $16,869,522 $6,202,054
$489,216
$10,178,252
19 $17,713,047 $6,514,158
$513,678
$10,685,211
20 $18,598,626 $6,841,822
$539,360
$11,217,444
21 $19,528,704 $7,185,951
$566,332
$11,776,421
22 $20,505,237 $7,547,268
$594,652
$12,363,317
23 $21,530,181 $7,926,497
$624,375
$12,979,309
24 $22,606,959 $8,324,905
$655,602
$13,626,452
25 $23,737,038 $8,743,034
$688,374
$14,305,630
26 $24,924,330 $9,182,332
$722,806
$15,019,192
27 $26,170,302 $9,643,342
$758,939
$15,768,021
28 $27,478,866 $10,127,511
$796,887
$16,554,468
29 $28,852,956 $10,635,924
$836,736
$17,380,296
30 $30,295,506 $11,169,668
$878,570
$18,247,268