The jackpot for the MEGA Millions draw on Tue May 21, 2024, is projected to be $421 Million, with an option for a cash payout of $195.9 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 May 21, 2024 |
|---|
| Draw Date | Tue May 21, 2024 | | Projected Jackpot | $421,000,000 | | Cash Value | $195,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $195,900,000 | | Federal Tax(24%) | $47,016,000 | | Additional Federal Tax | $25,427,330 | | State Tax(2.9%) | $5,681,100 | | Net Lumpsum Payment | $117,775,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,336,471 |
$2,304,825
$183,758 |
$3,847,888 |
| 2 |
$6,653,484 |
$2,422,119
$192,951 |
$4,038,414 |
| 3 |
$6,986,074 |
$2,545,178
$202,596 |
$4,238,300 |
| 4 |
$7,335,504 |
$2,674,467
$212,730 |
$4,448,307 |
| 5 |
$7,702,195 |
$2,810,143
$223,364 |
$4,668,688 |
| 6 |
$8,087,410 |
$2,952,672
$234,535 |
$4,900,203 |
| 7 |
$8,491,570 |
$3,102,211
$246,256 |
$5,143,103 |
| 8 |
$8,916,359 |
$3,259,383
$258,574 |
$5,398,402 |
| 9 |
$9,362,198 |
$3,424,344
$271,504 |
$5,666,350 |
| 10 |
$9,830,350 |
$3,597,560
$285,080 |
$5,947,710 |
| 11 |
$10,321,657 |
$3,779,343
$299,328 |
$6,242,986 |
| 12 |
$10,837,803 |
$3,970,317
$314,296 |
$6,553,190 |
| 13 |
$11,379,630 |
$4,170,793
$330,009 |
$6,878,828 |
| 14 |
$11,948,822 |
$4,381,395
$346,516 |
$7,220,911 |
| 15 |
$12,546,221 |
$4,602,432
$363,840 |
$7,579,949 |
| 16 |
$13,173,511 |
$4,834,529
$382,032 |
$7,956,950 |
| 17 |
$13,831,955 |
$5,078,154
$401,127 |
$8,352,674 |
| 18 |
$14,523,658 |
$5,334,084
$421,186 |
$8,768,388 |
| 19 |
$15,249,883 |
$5,602,787
$442,247 |
$9,204,849 |
| 20 |
$16,012,314 |
$5,884,887
$464,357 |
$9,663,070 |
| 21 |
$16,813,056 |
$6,181,161
$487,579 |
$10,144,316 |
| 22 |
$17,653,793 |
$6,492,234
$511,960 |
$10,649,599 |
| 23 |
$18,536,209 |
$6,818,728
$537,550 |
$11,179,931 |
| 24 |
$19,463,251 |
$7,161,733
$564,434 |
$11,737,084 |
| 25 |
$20,436,182 |
$7,521,718
$592,649 |
$12,321,815 |
| 26 |
$21,458,370 |
$7,899,927
$622,293 |
$12,936,150 |
| 27 |
$22,531,078 |
$8,296,829
$653,401 |
$13,580,848 |
| 28 |
$23,657,674 |
$8,713,670
$686,073 |
$14,257,931 |
| 29 |
$24,840,684 |
$9,151,383
$720,380 |
$14,968,921 |
| 30 |
$26,082,634 |
$9,610,905
$756,396 |
$15,715,333 |
|
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