The jackpot for the MEGA Millions draw on Fri May 17, 2024, is projected to be $393 Million, with an option for a cash payout of $181.5 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 May 17, 2024 |
|---|
| Draw Date | Fri May 17, 2024 | | Projected Jackpot | $393,000,000 | | Cash Value | $181,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $181,500,000 | | Federal Tax(24%) | $43,560,000 | | Additional Federal Tax | $23,555,330 | | State Tax(2.9%) | $5,263,500 | | Net Lumpsum Payment | $109,121,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,915,043 |
$2,148,896
$171,536 |
$3,594,611 |
| 2 |
$6,210,972 |
$2,258,390
$180,118 |
$3,772,464 |
| 3 |
$6,521,442 |
$2,373,264
$189,122 |
$3,959,056 |
| 4 |
$6,847,632 |
$2,493,954
$198,581 |
$4,155,097 |
| 5 |
$7,189,935 |
$2,620,606
$208,508 |
$4,360,821 |
| 6 |
$7,549,530 |
$2,753,656
$218,936 |
$4,576,938 |
| 7 |
$7,926,810 |
$2,893,250
$229,877 |
$4,803,683 |
| 8 |
$8,323,347 |
$3,039,969
$241,377 |
$5,042,001 |
| 9 |
$8,739,534 |
$3,193,958
$253,446 |
$5,292,130 |
| 10 |
$9,176,550 |
$3,355,654
$266,120 |
$5,554,776 |
| 11 |
$9,635,181 |
$3,525,347
$279,420 |
$5,830,414 |
| 12 |
$10,116,999 |
$3,703,620
$293,393 |
$6,119,986 |
| 13 |
$10,622,790 |
$3,890,763
$308,061 |
$6,423,966 |
| 14 |
$11,154,126 |
$4,087,357
$323,470 |
$6,743,299 |
| 15 |
$11,711,793 |
$4,293,694
$339,642 |
$7,078,457 |
| 16 |
$12,297,363 |
$4,510,355
$356,624 |
$7,430,384 |
| 17 |
$12,912,015 |
$4,737,776
$374,448 |
$7,799,791 |
| 18 |
$13,557,714 |
$4,976,685
$393,174 |
$8,187,855 |
| 19 |
$14,235,639 |
$5,227,517
$412,834 |
$8,595,288 |
| 20 |
$14,947,362 |
$5,490,854
$433,473 |
$9,023,035 |
| 21 |
$15,694,848 |
$5,767,424
$455,151 |
$9,472,273 |
| 22 |
$16,479,669 |
$6,057,808
$477,910 |
$9,943,951 |
| 23 |
$17,303,397 |
$6,362,587
$501,799 |
$10,439,011 |
| 24 |
$18,168,783 |
$6,682,780
$526,895 |
$10,959,108 |
| 25 |
$19,077,006 |
$7,018,823
$553,233 |
$11,504,950 |
| 26 |
$20,031,210 |
$7,371,878
$580,905 |
$12,078,427 |
| 27 |
$21,032,574 |
$7,742,383
$609,945 |
$12,680,246 |
| 28 |
$22,084,242 |
$8,131,500
$640,443 |
$13,312,299 |
| 29 |
$23,188,572 |
$8,540,102
$672,469 |
$13,976,001 |
| 30 |
$24,347,922 |
$8,969,062
$706,090 |
$14,672,770 |
|
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