The jackpot for the MEGA Millions draw on Fri Jan 31, 2025, is projected to be $59 Million, with an option for a cash payout of $26.5 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For North Dakota residents, the state will deduct 2.9% from your lottery earnings.
| North Dakota MEGA Millions Jackpot/Cash Option for Fri Jan 31, 2025 |
|---|
| Draw Date | Fri Jan 31, 2025 | | Projected Jackpot | $59,000,000 | | Cash Value | $26,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $26,500,000 | | Federal Tax(24%) | $6,360,000 | | Additional Federal Tax | $3,405,330 | | State Tax(2.9%) | $768,500 | | Net Lumpsum Payment | $15,966,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$888,009 |
$288,894
$25,752 |
$573,363 |
| 2 |
$932,436 |
$305,332
$27,041 |
$600,063 |
| 3 |
$979,046 |
$322,577
$28,392 |
$628,077 |
| 4 |
$1,028,016 |
$340,696
$29,812 |
$657,508 |
| 5 |
$1,079,405 |
$359,710
$31,303 |
$688,392 |
| 6 |
$1,133,390 |
$379,685
$32,868 |
$720,837 |
| 7 |
$1,190,030 |
$400,641
$34,511 |
$754,878 |
| 8 |
$1,249,561 |
$422,668
$36,237 |
$790,656 |
| 9 |
$1,312,042 |
$445,786
$38,049 |
$828,207 |
| 10 |
$1,377,650 |
$470,061
$39,952 |
$867,637 |
| 11 |
$1,446,503 |
$495,536
$41,949 |
$909,018 |
| 12 |
$1,518,837 |
$522,300
$44,046 |
$952,491 |
| 13 |
$1,594,770 |
$550,395
$46,248 |
$998,127 |
| 14 |
$1,674,538 |
$579,909
$48,562 |
$1,046,067 |
| 15 |
$1,758,259 |
$610,886
$50,990 |
$1,096,383 |
| 16 |
$1,846,169 |
$643,413
$53,539 |
$1,149,217 |
| 17 |
$1,938,445 |
$677,555
$56,215 |
$1,204,675 |
| 18 |
$2,035,382 |
$713,422
$59,026 |
$1,262,934 |
| 19 |
$2,137,157 |
$751,078
$61,978 |
$1,324,101 |
| 20 |
$2,244,006 |
$790,613
$65,076 |
$1,388,317 |
| 21 |
$2,356,224 |
$832,133
$68,330 |
$1,455,761 |
| 22 |
$2,474,047 |
$875,728
$71,747 |
$1,526,572 |
| 23 |
$2,597,711 |
$921,483
$75,334 |
$1,600,894 |
| 24 |
$2,727,629 |
$969,553
$79,101 |
$1,678,975 |
| 25 |
$2,863,978 |
$1,020,002
$83,055 |
$1,760,921 |
| 26 |
$3,007,230 |
$1,073,005
$87,210 |
$1,847,015 |
| 27 |
$3,157,562 |
$1,128,628
$91,569 |
$1,937,365 |
| 28 |
$3,315,446 |
$1,187,045
$96,148 |
$2,032,253 |
| 29 |
$3,481,236 |
$1,248,388
$100,956 |
$2,131,892 |
| 30 |
$3,655,286 |
$1,312,786
$106,003 |
$2,236,497 |
|
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