The jackpot for the MEGA Millions draw on Tue Apr 22, 2025, is projected to be $50 Million, with an option for a cash payout of $22.4 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 Apr 22, 2025 |
---|
Draw Date | Tue Apr 22, 2025 | Projected Jackpot | $50,000,000 | Cash Value | $22,400,000 |
Lumpsum Option Taxes and Payment |
---|
Cash Gross Payment | $22,400,000 | Federal Tax(24%) | $5,376,000 | Additional Federal Tax | $2,872,330 | State Tax(2.9%) | $649,600 | Net Lumpsum Payment | $13,502,070 |
Annuity Payment in 30 Installations |
---|
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$752,550 |
$238,774 $21,824 |
$491,952 |
2 |
$790,200 |
$252,704 $22,916 |
$514,580 |
3 |
$829,700 |
$267,319 $24,061 |
$538,320 |
4 |
$871,200 |
$282,674 $25,265 |
$563,261 |
5 |
$914,750 |
$298,788 $26,528 |
$589,434 |
6 |
$960,500 |
$315,715 $27,855 |
$616,930 |
7 |
$1,008,500 |
$333,475 $29,247 |
$645,778 |
8 |
$1,058,950 |
$352,142 $30,710 |
$676,098 |
9 |
$1,111,900 |
$371,733 $32,245 |
$707,922 |
10 |
$1,167,500 |
$392,305 $33,858 |
$741,337 |
11 |
$1,225,850 |
$413,895 $35,550 |
$776,405 |
12 |
$1,287,150 |
$436,576 $37,327 |
$813,247 |
13 |
$1,351,500 |
$460,385 $39,194 |
$851,921 |
14 |
$1,419,100 |
$485,397 $41,154 |
$892,549 |
15 |
$1,490,050 |
$511,649 $43,211 |
$935,190 |
16 |
$1,564,550 |
$539,214 $45,372 |
$979,964 |
17 |
$1,642,750 |
$568,148 $47,640 |
$1,026,962 |
18 |
$1,724,900 |
$598,543 $50,022 |
$1,076,335 |
19 |
$1,811,150 |
$630,456 $52,523 |
$1,128,171 |
20 |
$1,901,700 |
$663,959 $55,149 |
$1,182,592 |
21 |
$1,996,800 |
$699,146 $57,907 |
$1,239,747 |
22 |
$2,096,650 |
$736,091 $60,803 |
$1,299,756 |
23 |
$2,201,450 |
$774,867 $63,842 |
$1,362,741 |
24 |
$2,311,550 |
$815,604 $67,035 |
$1,428,911 |
25 |
$2,427,100 |
$858,357 $70,386 |
$1,498,357 |
26 |
$2,548,500 |
$903,275 $73,907 |
$1,571,318 |
27 |
$2,675,900 |
$950,413 $77,601 |
$1,647,886 |
28 |
$2,809,700 |
$999,919 $81,481 |
$1,728,300 |
29 |
$2,950,200 |
$1,051,904 $85,556 |
$1,812,740 |
30 |
$3,097,700 |
$1,106,479 $89,833 |
$1,901,388 |
|
|