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 Date | Tue 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 |
|
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