North Dakota Lottery

NDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jan 10, 2025 is estimated to be $77 Million, with a cash option of 34.1 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 Jan 10, 2025

Draw Date	Jackpot	Cash Option
Fri Jan 10, 2025	$77,000,000	$34,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,100,000
Federal Tax(24%)	$8,184,000
Additional Federal Tax	$4,393,330
State Tax(2.9%)	$988,900
Net Lumpsum Payment	$20,533,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,158,927	-$389,133 -$33,609	$736,185
2	$1,216,908	-$410,586 -$35,290	$771,032
3	$1,277,738	-$433,093 -$37,054	$807,591
4	$1,341,648	-$456,740 -$38,908	$846,000
5	$1,408,715	-$481,555 -$40,853	$886,307
6	$1,479,170	-$507,623 -$42,896	$928,651
7	$1,553,090	-$534,974 -$45,040	$973,076
8	$1,630,783	-$563,720 -$47,293	$1,019,770
9	$1,712,326	-$593,891 -$49,657	$1,068,778
10	$1,797,950	-$625,572 -$52,141	$1,120,237
11	$1,887,809	-$658,820 -$54,746	$1,174,243
12	$1,982,211	-$693,748 -$57,484	$1,230,979
13	$2,081,310	-$730,415 -$60,358	$1,290,537
14	$2,185,414	-$768,934 -$63,377	$1,353,103
15	$2,294,677	-$809,361 -$66,546	$1,418,770
16	$2,409,407	-$851,811 -$69,873	$1,487,723
17	$2,529,835	-$896,369 -$73,365	$1,560,101
18	$2,656,346	-$943,178 -$77,034	$1,636,134
19	$2,789,171	-$992,324 -$80,886	$1,715,961
20	$2,928,618	-$1,043,919 -$84,930	$1,799,769
21	$3,075,072	-$1,098,107 -$89,177	$1,887,788
22	$3,228,841	-$1,155,002 -$93,636	$1,980,203
23	$3,390,233	-$1,214,717 -$98,317	$2,077,199
24	$3,559,787	-$1,277,452 -$103,234	$2,179,101
25	$3,737,734	-$1,343,292 -$108,394	$2,286,048
26	$3,924,690	-$1,412,466 -$113,816	$2,398,408
27	$4,120,886	-$1,485,058 -$119,506	$2,516,322
28	$4,326,938	-$1,561,297 -$125,481	$2,640,160
29	$4,543,308	-$1,641,354 -$131,756	$2,770,198
30	$4,770,458	-$1,725,400 -$138,343	$2,906,715