Jackpot Analysis North Dakota Mega Millions

Jackpot Analysis for North Dakota Mega Millions
The jackpot for the MEGA Millions draw on Tue Jan 28, 2025, is projected to be $44 Million, with an option for a cash payout of $19.5 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 Jan 28, 2025
Draw DateTue Jan 28, 2025
Projected Jackpot$44,000,000
Cash Value$19,500,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$19,500,000
Federal Tax(24%)$4,680,000
Additional Federal Tax$2,495,330
State Tax(2.9%)$565,500
Net Lumpsum Payment$11,759,170
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $662,244 $205,361
$19,205
$437,678
2 $695,376 $217,620
$20,166
$457,590
3 $730,136 $230,481
$21,174
$478,481
4 $766,656 $243,993
$22,233
$500,430
5 $804,980 $258,173
$23,344
$523,463
6 $845,240 $273,069
$24,512
$547,659
7 $887,480 $288,698
$25,737
$573,045
8 $931,876 $305,125
$27,024
$599,727
9 $978,472 $322,365
$28,376
$627,731
10 $1,027,400 $340,468
$29,795
$657,137
11 $1,078,748 $359,467
$31,284
$687,997
12 $1,132,692 $379,426
$32,848
$720,418
13 $1,189,320 $400,379
$34,490
$754,451
14 $1,248,808 $422,389
$36,215
$790,204
15 $1,311,244 $445,491
$38,026
$827,727
16 $1,376,804 $469,748
$39,927
$867,129
17 $1,445,620 $495,210
$41,923
$908,487
18 $1,517,912 $521,958
$44,019
$951,935
19 $1,593,812 $550,041
$46,221
$997,550
20 $1,673,496 $579,524
$48,531
$1,045,441
21 $1,757,184 $610,488
$50,958
$1,095,738
22 $1,845,052 $643,000
$53,507
$1,148,545
23 $1,937,276 $677,123
$56,181
$1,203,972
24 $2,034,164 $712,971
$58,991
$1,262,202
25 $2,135,848 $750,594
$61,940
$1,323,314
26 $2,242,680 $790,122
$65,038
$1,387,520
27 $2,354,792 $831,603
$68,289
$1,454,900
28 $2,472,536 $875,169
$71,704
$1,525,663
29 $2,596,176 $920,916
$75,289
$1,599,971
30 $2,725,976 $968,942
$79,053
$1,677,981