North Dakota Lottery

NDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 10, 2024 is estimated to be $331 Million, with a cash option of 153.1 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 May 10, 2024

Draw Date	Jackpot	Cash Option
Fri May 10, 2024	$331,000,000	$153,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,100,000
Federal Tax(24%)	$36,744,000
Additional Federal Tax	$19,863,330
State Tax(2.9%)	$4,439,900
Net Lumpsum Payment	$92,052,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,981,881	-$1,803,626 -$144,475	$3,033,780
2	$5,231,124	-$1,895,846 -$151,703	$3,183,575
3	$5,492,614	-$1,992,598 -$159,286	$3,340,730
4	$5,767,344	-$2,094,248 -$167,253	$3,505,843
5	$6,055,645	-$2,200,919 -$175,614	$3,679,112
6	$6,358,510	-$2,312,979 -$184,397	$3,861,134
7	$6,676,270	-$2,430,550 -$193,612	$4,052,108
8	$7,010,249	-$2,554,123 -$203,297	$4,252,829
9	$7,360,778	-$2,683,818 -$213,463	$4,463,497
10	$7,728,850	-$2,820,005 -$224,137	$4,684,708
11	$8,115,127	-$2,962,927 -$235,339	$4,916,861
12	$8,520,933	-$3,113,076 -$247,107	$5,160,750
13	$8,946,930	-$3,270,694 -$259,461	$5,416,775
14	$9,394,442	-$3,436,274 -$272,439	$5,685,729
15	$9,864,131	-$3,610,059 -$286,060	$5,968,012
16	$10,357,321	-$3,792,539 -$300,362	$6,264,420
17	$10,875,005	-$3,984,082 -$315,375	$6,575,548
18	$11,418,838	-$4,185,300 -$331,146	$6,902,392
19	$11,989,813	-$4,396,561 -$347,705	$7,245,547
20	$12,589,254	-$4,618,354 -$365,088	$7,605,812
21	$13,218,816	-$4,851,292 -$383,346	$7,984,178
22	$13,879,823	-$5,095,865 -$402,515	$8,381,443
23	$14,573,599	-$5,352,562 -$422,634	$8,798,403
24	$15,302,461	-$5,622,241 -$443,771	$9,236,449
25	$16,067,402	-$5,905,269 -$465,955	$9,696,178
26	$16,871,070	-$6,202,626 -$489,261	$10,179,183
27	$17,714,458	-$6,514,680 -$513,719	$10,686,059
28	$18,600,214	-$6,842,410 -$539,406	$11,218,398
29	$19,530,324	-$7,186,550 -$566,379	$11,777,395
30	$20,506,774	-$7,547,837 -$594,696	$12,364,241