North Dakota Lottery

NDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Sep 20, 2024 is estimated to be $47 Million, with a cash option of 23.9 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of North Dakota, your state will take 2.9% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

North Dakota MEGA Millions Jackpot/Cash Option for Fri Sep 20, 2024

Draw Date	Jackpot	Cash Option
Fri Sep 20, 2024	$47,000,000	$23,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$23,900,000
Federal Tax(24%)	$5,736,000
Additional Federal Tax	$3,067,330
State Tax(2.9%)	$693,100
Net Lumpsum Payment	$14,403,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$707,397	-$222,067 -$20,515	$464,815
2	$742,788	-$235,162 -$21,541	$486,085
3	$779,918	-$248,900 -$22,618	$508,400
4	$818,928	-$263,334 -$23,749	$531,845
5	$859,865	-$278,480 -$24,936	$556,449
6	$902,870	-$294,392 -$26,183	$582,295
7	$947,990	-$311,087 -$27,492	$609,411
8	$995,413	-$328,633 -$28,867	$637,913
9	$1,045,186	-$347,049 -$30,310	$667,827
10	$1,097,450	-$366,387 -$31,826	$699,237
11	$1,152,299	-$386,681 -$33,417	$732,201
12	$1,209,921	-$408,001 -$35,088	$766,832
13	$1,270,410	-$430,382 -$36,842	$803,186
14	$1,333,954	-$453,893 -$38,685	$841,376
15	$1,400,647	-$478,570 -$40,619	$881,458
16	$1,470,677	-$504,481 -$42,650	$923,546
17	$1,544,185	-$531,679 -$44,781	$967,725
18	$1,621,406	-$560,251 -$47,021	$1,014,134
19	$1,702,481	-$590,248 -$49,372	$1,062,861
20	$1,787,598	-$621,742 -$51,840	$1,114,016
21	$1,876,992	-$654,817 -$54,433	$1,167,742
22	$1,970,851	-$689,545 -$57,155	$1,224,151
23	$2,069,363	-$725,995 -$60,012	$1,283,356
24	$2,172,857	-$764,287 -$63,013	$1,345,557
25	$2,281,474	-$804,476 -$66,163	$1,410,835
26	$2,395,590	-$846,699 -$69,472	$1,479,419
27	$2,515,346	-$891,008 -$72,945	$1,551,393
28	$2,641,118	-$937,544 -$76,592	$1,626,982
29	$2,773,188	-$986,410 -$80,422	$1,706,356
30	$2,911,838	-$1,037,710 -$84,443	$1,789,685