The jackpot for the MEGA Millions draw on Tue Sep 10, 2024, is projected to be $800 Million, with an option for a cash payout of $401.8 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 Tue Sep 10, 2024 |
|---|
| Draw Date | Tue Sep 10, 2024 | | Projected Jackpot | $800,000,000 | | Cash Value | $401,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $401,800,000 | | Federal Tax(24%) | $96,432,000 | | Additional Federal Tax | $52,194,330 | | State Tax(2.9%) | $11,652,200 | | Net Lumpsum Payment | $241,521,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,040,800 |
$4,415,426
$349,183 |
$7,276,191 |
| 2 |
$12,643,200 |
$4,638,314
$366,653 |
$7,638,233 |
| 3 |
$13,275,200 |
$4,872,154
$384,981 |
$8,018,065 |
| 4 |
$13,939,200 |
$5,117,834
$404,237 |
$8,417,129 |
| 5 |
$14,636,000 |
$5,375,650
$424,444 |
$8,835,906 |
| 6 |
$15,368,000 |
$5,646,490
$445,672 |
$9,275,838 |
| 7 |
$16,136,000 |
$5,930,650
$467,944 |
$9,737,406 |
| 8 |
$16,943,200 |
$6,229,314
$491,353 |
$10,222,533 |
| 9 |
$17,790,400 |
$6,542,778
$515,922 |
$10,731,700 |
| 10 |
$18,680,000 |
$6,871,930
$541,720 |
$11,266,350 |
| 11 |
$19,613,600 |
$7,217,362
$568,794 |
$11,827,444 |
| 12 |
$20,594,400 |
$7,580,258
$597,238 |
$12,416,904 |
| 13 |
$21,624,000 |
$7,961,210
$627,096 |
$13,035,694 |
| 14 |
$22,705,600 |
$8,361,402
$658,462 |
$13,685,736 |
| 15 |
$23,840,800 |
$8,781,426
$691,383 |
$14,367,991 |
| 16 |
$25,032,800 |
$9,222,466
$725,951 |
$15,084,383 |
| 17 |
$26,284,000 |
$9,685,410
$762,236 |
$15,836,354 |
| 18 |
$27,598,400 |
$10,171,738
$800,354 |
$16,626,308 |
| 19 |
$28,978,400 |
$10,682,338
$840,374 |
$17,455,688 |
| 20 |
$30,427,200 |
$11,218,394
$882,389 |
$18,326,417 |
| 21 |
$31,948,800 |
$11,781,386
$926,515 |
$19,240,899 |
| 22 |
$33,546,400 |
$12,372,498
$972,846 |
$20,201,056 |
| 23 |
$35,223,200 |
$12,992,914
$1,021,473 |
$21,208,813 |
| 24 |
$36,984,800 |
$13,644,706
$1,072,559 |
$22,267,535 |
| 25 |
$38,833,600 |
$14,328,762
$1,126,174 |
$23,378,664 |
| 26 |
$40,776,000 |
$15,047,450
$1,182,504 |
$24,546,046 |
| 27 |
$42,814,400 |
$15,801,658
$1,241,618 |
$25,771,124 |
| 28 |
$44,955,200 |
$16,593,754
$1,303,701 |
$27,057,745 |
| 29 |
$47,203,200 |
$17,425,514
$1,368,893 |
$28,408,793 |
| 30 |
$49,563,200 |
$18,298,714
$1,437,333 |
$29,827,153 |
|
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