The jackpot for the MEGA Millions draw on Fri Feb 7, 2025, is projected to be $94 Million, with an option for a cash payout of $42.3 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 Feb 7, 2025 |
|---|
| Draw Date | Fri Feb 7, 2025 | | Projected Jackpot | $94,000,000 | | Cash Value | $42,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $42,300,000 | | Federal Tax(24%) | $10,152,000 | | Additional Federal Tax | $5,459,330 | | State Tax(2.9%) | $1,226,700 | | Net Lumpsum Payment | $25,461,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,414,794 |
$483,804
$41,029 |
$889,961 |
| 2 |
$1,485,576 |
$509,994
$43,082 |
$932,500 |
| 3 |
$1,559,836 |
$537,470
$45,235 |
$977,131 |
| 4 |
$1,637,856 |
$566,337
$47,498 |
$1,024,021 |
| 5 |
$1,719,730 |
$596,630
$49,872 |
$1,073,228 |
| 6 |
$1,805,740 |
$628,454
$52,366 |
$1,124,920 |
| 7 |
$1,895,980 |
$661,843
$54,983 |
$1,179,154 |
| 8 |
$1,990,826 |
$696,936
$57,734 |
$1,236,156 |
| 9 |
$2,090,372 |
$733,768
$60,621 |
$1,295,983 |
| 10 |
$2,194,900 |
$772,443
$63,652 |
$1,358,805 |
| 11 |
$2,304,598 |
$813,032
$66,833 |
$1,424,733 |
| 12 |
$2,419,842 |
$855,672
$70,175 |
$1,493,995 |
| 13 |
$2,540,820 |
$900,434
$73,684 |
$1,566,702 |
| 14 |
$2,667,908 |
$947,456
$77,369 |
$1,643,083 |
| 15 |
$2,801,294 |
$996,809
$81,238 |
$1,723,247 |
| 16 |
$2,941,354 |
$1,048,631
$85,299 |
$1,807,424 |
| 17 |
$3,088,370 |
$1,103,027
$89,563 |
$1,895,780 |
| 18 |
$3,242,812 |
$1,160,171
$94,042 |
$1,988,599 |
| 19 |
$3,404,962 |
$1,220,166
$98,744 |
$2,086,052 |
| 20 |
$3,575,196 |
$1,283,153
$103,681 |
$2,188,362 |
| 21 |
$3,753,984 |
$1,349,304
$108,866 |
$2,295,814 |
| 22 |
$3,941,702 |
$1,418,760
$114,309 |
$2,408,633 |
| 23 |
$4,138,726 |
$1,491,659
$120,023 |
$2,527,044 |
| 24 |
$4,345,714 |
$1,568,245
$126,026 |
$2,651,443 |
| 25 |
$4,562,948 |
$1,648,621
$132,325 |
$2,782,002 |
| 26 |
$4,791,180 |
$1,733,067
$138,944 |
$2,919,169 |
| 27 |
$5,030,692 |
$1,821,686
$145,890 |
$3,063,116 |
| 28 |
$5,282,236 |
$1,914,758
$153,185 |
$3,214,293 |
| 29 |
$5,546,376 |
$2,012,490
$160,845 |
$3,373,041 |
| 30 |
$5,823,676 |
$2,115,091
$168,887 |
$3,539,698 |
|
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