The jackpot for the MEGA Millions draw on Fri Nov 29, 2024, is projected to be $514 Million, with an option for a cash payout of $241 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 Nov 29, 2024 |
|---|
| Draw Date | Fri Nov 29, 2024 | | Projected Jackpot | $514,000,000 | | Cash Value | $241,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $241,000,000 | | Federal Tax(24%) | $57,840,000 | | Additional Federal Tax | $31,290,330 | | State Tax(2.9%) | $6,989,000 | | Net Lumpsum Payment | $144,880,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,736,214 |
$2,822,730
$224,350 |
$4,689,134 |
| 2 |
$8,123,256 |
$2,965,935
$235,574 |
$4,921,747 |
| 3 |
$8,529,316 |
$3,116,177
$247,350 |
$5,165,789 |
| 4 |
$8,955,936 |
$3,274,027
$259,722 |
$5,422,187 |
| 5 |
$9,403,630 |
$3,439,673
$272,705 |
$5,691,252 |
| 6 |
$9,873,940 |
$3,613,688
$286,344 |
$5,973,908 |
| 7 |
$10,367,380 |
$3,796,261
$300,654 |
$6,270,465 |
| 8 |
$10,886,006 |
$3,988,153
$315,694 |
$6,582,159 |
| 9 |
$11,430,332 |
$4,189,553
$331,480 |
$6,909,299 |
| 10 |
$12,001,900 |
$4,401,033
$348,055 |
$7,252,812 |
| 11 |
$12,601,738 |
$4,622,973
$365,450 |
$7,613,315 |
| 12 |
$13,231,902 |
$4,856,134
$383,725 |
$7,992,043 |
| 13 |
$13,893,420 |
$5,100,896
$402,909 |
$8,389,615 |
| 14 |
$14,588,348 |
$5,358,019
$423,062 |
$8,807,267 |
| 15 |
$15,317,714 |
$5,627,885
$444,214 |
$9,245,615 |
| 16 |
$16,083,574 |
$5,911,253
$466,424 |
$9,705,897 |
| 17 |
$16,887,470 |
$6,208,694
$489,737 |
$10,189,039 |
| 18 |
$17,731,972 |
$6,521,160
$514,227 |
$10,696,585 |
| 19 |
$18,618,622 |
$6,849,221
$539,940 |
$11,229,461 |
| 20 |
$19,549,476 |
$7,193,637
$566,935 |
$11,788,904 |
| 21 |
$20,527,104 |
$7,555,359
$595,286 |
$12,376,459 |
| 22 |
$21,553,562 |
$7,935,148
$625,053 |
$12,993,361 |
| 23 |
$22,630,906 |
$8,333,766
$656,296 |
$13,640,844 |
| 24 |
$23,762,734 |
$8,752,542
$689,119 |
$14,321,073 |
| 25 |
$24,950,588 |
$9,192,048
$723,567 |
$15,034,973 |
| 26 |
$26,198,580 |
$9,653,805
$759,759 |
$15,785,016 |
| 27 |
$27,508,252 |
$10,138,384
$797,739 |
$16,572,129 |
| 28 |
$28,883,716 |
$10,647,305
$837,628 |
$17,398,783 |
| 29 |
$30,328,056 |
$11,181,711
$879,514 |
$18,266,831 |
| 30 |
$31,844,356 |
$11,742,742
$923,486 |
$19,178,128 |
|
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