The jackpot for the MEGA Millions draw on Fri Nov 15, 2024, is projected to be $387 Million, with an option for a cash payout of $181.4 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 Fri Nov 15, 2024 |
|---|
| Draw Date | Fri Nov 15, 2024 | | Projected Jackpot | $387,000,000 | | Cash Value | $181,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $181,400,000 | | Federal Tax(24%) | $43,536,000 | | Additional Federal Tax | $23,542,330 | | State Tax(2.9%) | $5,260,600 | | Net Lumpsum Payment | $109,061,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,824,737 |
$2,115,483
$168,917 |
$3,540,337 |
| 2 |
$6,116,148 |
$2,223,305
$177,368 |
$3,715,475 |
| 3 |
$6,421,878 |
$2,336,425
$186,234 |
$3,899,219 |
| 4 |
$6,743,088 |
$2,455,273
$195,550 |
$4,092,265 |
| 5 |
$7,080,165 |
$2,579,991
$205,325 |
$4,294,849 |
| 6 |
$7,434,270 |
$2,711,010
$215,594 |
$4,507,666 |
| 7 |
$7,805,790 |
$2,848,473
$226,368 |
$4,730,949 |
| 8 |
$8,196,273 |
$2,992,951
$237,692 |
$4,965,630 |
| 9 |
$8,606,106 |
$3,144,590
$249,577 |
$5,211,939 |
| 10 |
$9,036,450 |
$3,303,817
$262,057 |
$5,470,576 |
| 11 |
$9,488,079 |
$3,470,920
$275,154 |
$5,742,005 |
| 12 |
$9,962,541 |
$3,646,471
$288,914 |
$6,027,156 |
| 13 |
$10,460,610 |
$3,830,756
$303,358 |
$6,326,496 |
| 14 |
$10,983,834 |
$4,024,349
$318,531 |
$6,640,954 |
| 15 |
$11,532,987 |
$4,227,536
$334,457 |
$6,970,994 |
| 16 |
$12,109,617 |
$4,440,889
$351,179 |
$7,317,549 |
| 17 |
$12,714,885 |
$4,664,838
$368,732 |
$7,681,315 |
| 18 |
$13,350,726 |
$4,900,099
$387,171 |
$8,063,456 |
| 19 |
$14,018,301 |
$5,147,102
$406,531 |
$8,464,668 |
| 20 |
$14,719,158 |
$5,406,419
$426,856 |
$8,885,883 |
| 21 |
$15,455,232 |
$5,678,766
$448,202 |
$9,328,264 |
| 22 |
$16,228,071 |
$5,964,717
$470,614 |
$9,792,740 |
| 23 |
$17,039,223 |
$6,264,843
$494,137 |
$10,280,243 |
| 24 |
$17,891,397 |
$6,580,147
$518,851 |
$10,792,399 |
| 25 |
$18,785,754 |
$6,911,059
$544,787 |
$11,329,908 |
| 26 |
$19,725,390 |
$7,258,725
$572,036 |
$11,894,629 |
| 27 |
$20,711,466 |
$7,623,573
$600,633 |
$12,487,260 |
| 28 |
$21,747,078 |
$8,006,749
$630,665 |
$13,109,664 |
| 29 |
$22,834,548 |
$8,409,113
$662,202 |
$13,763,233 |
| 30 |
$23,976,198 |
$8,831,524
$695,310 |
$14,449,364 |
|
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