North Dakota Lottery

NDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 22, 2024 is estimated to be $453 Million, with a cash option of 209.6 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

North Dakota MEGA Millions Jackpot/Cash Option for Fri Nov 22, 2024

Draw Date	Jackpot	Cash Option
Fri Nov 22, 2024	$453,000,000	$209,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$209,600,000
Federal Tax(24%)	$50,304,000
Additional Federal Tax	$27,208,330
State Tax(2.9%)	$6,078,400
Net Lumpsum Payment	$126,009,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,818,103	-$2,483,028 -$197,725	$4,137,350
2	$7,159,212	-$2,609,239 -$207,617	$4,342,356
3	$7,517,082	-$2,741,651 -$217,995	$4,557,436
4	$7,893,072	-$2,880,767 -$228,899	$4,783,406
5	$8,287,635	-$3,026,755 -$240,341	$5,020,539
6	$8,702,130	-$3,180,118 -$252,362	$5,269,650
7	$9,137,010	-$3,341,024 -$264,973	$5,531,013
8	$9,594,087	-$3,510,143 -$278,229	$5,805,715
9	$10,073,814	-$3,687,642 -$292,141	$6,094,031
10	$10,577,550	-$3,874,024 -$306,749	$6,396,777
11	$11,106,201	-$4,069,625 -$322,080	$6,714,496
12	$11,661,579	-$4,275,115 -$338,186	$7,048,278
13	$12,244,590	-$4,490,829 -$355,093	$7,398,668
14	$12,857,046	-$4,717,437 -$372,854	$7,766,755
15	$13,499,853	-$4,955,276 -$391,496	$8,153,081
16	$14,174,823	-$5,205,015 -$411,070	$8,558,738
17	$14,883,315	-$5,467,157 -$431,616	$8,984,542
18	$15,627,594	-$5,742,540 -$453,200	$9,431,854
19	$16,409,019	-$6,031,667 -$475,862	$9,901,490
20	$17,229,402	-$6,335,209 -$499,653	$10,394,540
21	$18,091,008	-$6,654,003 -$524,639	$10,912,366
22	$18,995,649	-$6,988,721 -$550,874	$11,456,054
23	$19,945,137	-$7,340,031 -$578,409	$12,026,697
24	$20,942,643	-$7,709,108 -$607,337	$12,626,198
25	$21,989,526	-$8,096,455 -$637,696	$13,255,375
26	$23,089,410	-$8,503,412 -$669,593	$13,916,405
27	$24,243,654	-$8,930,482 -$703,066	$14,610,106
28	$25,455,882	-$9,379,007 -$738,221	$15,338,654
29	$26,728,812	-$9,849,991 -$775,136	$16,103,685
30	$28,065,162	-$10,344,440 -$813,890	$16,906,832