The jackpot for the MEGA Millions draw on Fri Feb 28, 2025, is projected to be $197 Million, with an option for a cash payout of $91.9 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 Fri Feb 28, 2025 |
|---|
| Draw Date | Fri Feb 28, 2025 | | Projected Jackpot | $197,000,000 | | Cash Value | $91,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $91,900,000 | | Federal Tax(24%) | $22,056,000 | | Additional Federal Tax | $11,907,330 | | State Tax(2.9%) | $2,665,100 | | Net Lumpsum Payment | $55,271,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,965,047 |
$1,057,398
$85,986 |
$1,821,663 |
| 2 |
$3,113,388 |
$1,112,284
$90,288 |
$1,910,816 |
| 3 |
$3,269,018 |
$1,169,867
$94,802 |
$2,004,349 |
| 4 |
$3,432,528 |
$1,230,366
$99,543 |
$2,102,619 |
| 5 |
$3,604,115 |
$1,293,853
$104,519 |
$2,205,743 |
| 6 |
$3,784,370 |
$1,360,547
$109,747 |
$2,314,076 |
| 7 |
$3,973,490 |
$1,430,522
$115,231 |
$2,427,737 |
| 8 |
$4,172,263 |
$1,504,068
$120,996 |
$2,547,199 |
| 9 |
$4,380,886 |
$1,581,258
$127,046 |
$2,672,582 |
| 10 |
$4,599,950 |
$1,662,312
$133,399 |
$2,804,239 |
| 11 |
$4,829,849 |
$1,747,375
$140,066 |
$2,942,408 |
| 12 |
$5,071,371 |
$1,836,738
$147,070 |
$3,087,563 |
| 13 |
$5,324,910 |
$1,930,547
$154,422 |
$3,239,941 |
| 14 |
$5,591,254 |
$2,029,094
$162,146 |
$3,400,014 |
| 15 |
$5,870,797 |
$2,132,525
$170,253 |
$3,568,019 |
| 16 |
$6,164,327 |
$2,241,131
$178,765 |
$3,744,431 |
| 17 |
$6,472,435 |
$2,355,131
$187,701 |
$3,929,603 |
| 18 |
$6,796,106 |
$2,474,890
$197,087 |
$4,124,129 |
| 19 |
$7,135,931 |
$2,600,625
$206,942 |
$4,328,364 |
| 20 |
$7,492,698 |
$2,732,629
$217,288 |
$4,542,781 |
| 21 |
$7,867,392 |
$2,871,265
$228,154 |
$4,767,973 |
| 22 |
$8,260,801 |
$3,016,827
$239,563 |
$5,004,411 |
| 23 |
$8,673,713 |
$3,169,604
$251,538 |
$5,252,571 |
| 24 |
$9,107,507 |
$3,330,108
$264,118 |
$5,513,281 |
| 25 |
$9,562,774 |
$3,498,557
$277,320 |
$5,786,897 |
| 26 |
$10,041,090 |
$3,675,534
$291,192 |
$6,074,364 |
| 27 |
$10,543,046 |
$3,861,257
$305,748 |
$6,376,041 |
| 28 |
$11,070,218 |
$4,056,311
$321,036 |
$6,692,871 |
| 29 |
$11,623,788 |
$4,261,132
$337,090 |
$7,025,566 |
| 30 |
$12,204,938 |
$4,476,157
$353,943 |
$7,374,838 |
|
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