North Dakota Lottery

NDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 24, 2024 is estimated to be $944 Million, with a cash option of 429.4 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

North Dakota MEGA Millions Jackpot/Cash Option for Tue Dec 24, 2024

Draw Date	Jackpot	Cash Option
Tue Dec 24, 2024	$944,000,000	$429,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$429,400,000
Federal Tax(24%)	$103,056,000
Additional Federal Tax	$55,782,330
State Tax(2.9%)	$12,452,600
Net Lumpsum Payment	$258,109,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$14,208,144	-$5,217,344 -$412,036	$8,578,764
2	$14,918,976	-$5,480,352 -$432,650	$9,005,974
3	$15,664,736	-$5,756,283 -$454,277	$9,454,176
4	$16,448,256	-$6,046,185 -$476,999	$9,925,072
5	$17,270,480	-$6,350,408 -$500,844	$10,419,228
6	$18,134,240	-$6,669,999 -$525,893	$10,938,348
7	$19,040,480	-$7,005,308 -$552,174	$11,482,998
8	$19,992,976	-$7,357,732 -$579,796	$12,055,448
9	$20,992,672	-$7,727,619 -$608,787	$12,656,266
10	$22,042,400	-$8,116,018 -$639,230	$13,287,152
11	$23,144,048	-$8,523,628 -$671,177	$13,949,243
12	$24,301,392	-$8,951,845 -$704,740	$14,644,807
13	$25,516,320	-$9,401,369 -$739,973	$15,374,978
14	$26,792,608	-$9,873,595 -$776,986	$16,142,027
15	$28,132,144	-$10,369,224 -$815,832	$16,947,088
16	$29,538,704	-$10,889,651 -$856,622	$17,792,431
17	$31,015,120	-$11,435,925 -$899,438	$18,679,757
18	$32,566,112	-$12,009,792 -$944,417	$19,611,903
19	$34,194,512	-$12,612,300 -$991,641	$20,590,571
20	$35,904,096	-$13,244,846 -$1,041,219	$21,618,031
21	$37,699,584	-$13,909,176 -$1,093,288	$22,697,120
22	$39,584,752	-$14,606,689 -$1,147,958	$23,830,105
23	$41,563,376	-$15,338,780 -$1,205,338	$25,019,258
24	$43,642,064	-$16,107,894 -$1,265,620	$26,268,550
25	$45,823,648	-$16,915,080 -$1,328,886	$27,579,682
26	$48,115,680	-$17,763,132 -$1,395,355	$28,957,193
27	$50,520,992	-$18,653,097 -$1,465,109	$30,402,786
28	$53,047,136	-$19,587,771 -$1,538,367	$31,920,998
29	$55,699,776	-$20,569,248 -$1,615,294	$33,515,234
30	$58,484,576	-$21,599,624 -$1,696,053	$35,188,899