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Powerball Annuity Jackpot Analysis for North Dakota

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The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $135,000,000 would be for a resident of North Dakota, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

North Dakota

Drawing Date:  Wed, Jan 18, 2017
Jackpot:$135,000,000
Federal Tax:  25%
State Tax:2.90%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,031,944$507,986$58,926$1,465,031
2$2,133,541$533,385$61,873$1,538,283
3$2,240,218$560,054$64,966$1,615,197
4$2,352,229$588,057$68,215$1,695,957
5$2,469,840$617,460$71,625$1,780,755
6$2,593,332$648,333$75,207$1,869,793
7$2,722,999$680,750$78,967$1,963,282
8$2,859,149$714,787$82,915$2,061,446
9$3,002,106$750,527$87,061$2,164,519
10$3,152,212$788,053$91,414$2,272,745
11$3,309,822$827,456$95,985$2,386,382
12$3,475,313$868,828$100,784$2,505,701
13$3,649,079$912,270$105,823$2,630,986
14$3,831,533$957,883$111,114$2,762,535
15$4,023,110$1,005,777$116,670$2,900,662
16$4,224,265$1,056,066$122,504$3,045,695
17$4,435,478$1,108,870$128,629$3,197,980
18$4,657,252$1,164,313$135,060$3,357,879
19$4,890,115$1,222,529$141,813$3,525,773
20$5,134,621$1,283,655$148,904$3,702,061
21$5,391,352$1,347,838$156,349$3,887,165
22$5,660,919$1,415,230$164,167$4,081,523
23$5,943,965$1,485,991$172,375$4,285,599
24$6,241,163$1,560,291$180,994$4,499,879
25$6,553,222$1,638,305$190,043$4,724,873
26$6,880,883$1,720,221$199,546$4,961,116
27$7,224,927$1,806,232$209,523$5,209,172
28$7,586,173$1,896,543$219,999$5,469,631
29$7,965,482$1,991,370$230,999$5,743,112
30$8,363,756$2,090,939$242,549$6,030,268
Total$135,000,000$33,750,000$3,915,000$97,335,000
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