North Dakota Lottery

NDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 30, 2024 is estimated to be $257 Million, with a cash option of 115.6 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 Tue Apr 30, 2024

Draw Date	Jackpot	Cash Option
Tue Apr 30, 2024	$257,000,000	$115,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$115,600,000
Federal Tax(24%)	$27,744,000
Additional Federal Tax	$14,988,330
State Tax(2.9%)	$3,352,400
Net Lumpsum Payment	$69,515,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,868,107	-$1,391,530 -$112,175	$2,364,402
2	$4,061,628	-$1,463,133 -$117,787	$2,480,708
3	$4,264,658	-$1,538,254 -$123,675	$2,602,729
4	$4,477,968	-$1,617,179 -$129,861	$2,730,928
5	$4,701,815	-$1,700,002 -$136,353	$2,865,460
6	$4,936,970	-$1,787,009 -$143,172	$3,006,789
7	$5,183,690	-$1,878,296 -$150,327	$3,155,067
8	$5,443,003	-$1,974,241 -$157,847	$3,310,915
9	$5,715,166	-$2,074,942 -$165,740	$3,474,484
10	$6,000,950	-$2,180,682 -$174,028	$3,646,240
11	$6,300,869	-$2,291,652 -$182,725	$3,826,492
12	$6,615,951	-$2,408,232 -$191,863	$4,015,856
13	$6,946,710	-$2,530,613 -$201,455	$4,214,642
14	$7,294,174	-$2,659,175 -$211,531	$4,423,468
15	$7,658,857	-$2,794,107 -$222,107	$4,642,643
16	$8,041,787	-$2,935,792 -$233,212	$4,872,783
17	$8,443,735	-$3,084,512 -$244,868	$5,114,355
18	$8,865,986	-$3,240,745 -$257,114	$5,368,127
19	$9,309,311	-$3,404,775 -$269,970	$5,634,566
20	$9,774,738	-$3,576,983 -$283,467	$5,914,288
21	$10,263,552	-$3,757,845 -$297,643	$6,208,064
22	$10,776,781	-$3,947,739 -$312,527	$6,516,515
23	$11,315,453	-$4,147,048 -$328,148	$6,840,257
24	$11,881,367	-$4,356,436 -$344,560	$7,180,371
25	$12,475,294	-$4,576,189 -$361,784	$7,537,321
26	$13,099,290	-$4,807,068 -$379,879	$7,912,343
27	$13,754,126	-$5,049,357 -$398,870	$8,305,899
28	$14,441,858	-$5,303,818 -$418,814	$8,719,226
29	$15,164,028	-$5,571,021 -$439,757	$9,153,250
30	$15,922,178	-$5,851,536 -$461,743	$9,608,899