North Dakota Lottery

NDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 21, 2025 is estimated to be $20 Million, with a cash option of 8.9 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 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 Jan 21, 2025

Draw Date	Jackpot	Cash Option
Tue Jan 21, 2025	$20,000,000	$8,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$8,900,000
Federal Tax(24%)	$2,136,000
Additional Federal Tax	$1,117,330
State Tax(2.9%)	$258,100
Net Lumpsum Payment	$5,388,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$301,020	-$71,708 -$8,730	$220,582
2	$316,080	-$77,280 -$9,166	$229,634
3	$331,880	-$83,126 -$9,625	$239,129
4	$348,480	-$89,268 -$10,106	$249,106
5	$365,900	-$95,713 -$10,611	$259,576
6	$384,200	-$102,484 -$11,142	$270,574
7	$403,400	-$109,588 -$11,699	$282,113
8	$423,580	-$117,055 -$12,284	$294,241
9	$444,760	-$124,892 -$12,898	$306,970
10	$467,000	-$133,120 -$13,543	$320,337
11	$490,340	-$141,756 -$14,220	$334,364
12	$514,860	-$150,829 -$14,931	$349,100
13	$540,600	-$160,352 -$15,677	$364,571
14	$567,640	-$170,357 -$16,462	$380,821
15	$596,020	-$180,858 -$17,285	$397,877
16	$625,820	-$191,884 -$18,149	$415,787
17	$657,100	-$203,457 -$19,056	$434,587
18	$689,960	-$215,616 -$20,009	$454,335
19	$724,460	-$228,381 -$21,009	$475,070
20	$760,680	-$241,782 -$22,060	$496,838
21	$798,720	-$255,857 -$23,163	$519,700
22	$838,660	-$270,635 -$24,321	$543,704
23	$880,580	-$286,145 -$25,537	$568,898
24	$924,620	-$302,440 -$26,814	$595,366
25	$970,840	-$319,541 -$28,154	$623,145
26	$1,019,400	-$337,508 -$29,563	$652,329
27	$1,070,360	-$356,364 -$31,040	$682,956
28	$1,123,880	-$376,166 -$32,593	$715,121
29	$1,180,080	-$396,960 -$34,222	$748,898
30	$1,239,080	-$418,790 -$35,933	$784,357