USA Mega

North Carolina Powerball Jackpot Annuity Payout Schedule for Oct 29, 2011

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The tax information provided here is based on 2025 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $209,200,000 for a ticket purchased in North Carolina, 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

North Carolina

Drawing Date:Sat, Oct 29, 2011
Jackpot:$209,200,000
Federal Tax:37% marginal rate
State Tax: 4.25%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,730,057$1,337,141$158,527$2,234,388
2$3,879,259$1,392,346$164,869$2,322,044
3$4,034,429$1,449,759$171,463$2,413,207
4$4,195,807$1,509,469$178,322$2,508,016
5$4,363,639$1,571,567$185,455$2,606,618
6$4,538,184$1,636,148$192,873$2,709,163
7$4,719,712$1,703,314$200,588$2,815,810
8$4,908,500$1,773,165$208,611$2,926,724
9$5,104,840$1,845,811$216,956$3,042,073
10$5,309,034$1,921,363$225,634$3,162,037
11$5,521,395$1,999,936$234,659$3,286,799
12$5,742,251$2,081,653$244,046$3,416,552
13$5,971,941$2,166,638$253,807$3,551,495
14$6,210,819$2,255,023$263,960$3,691,836
15$6,459,251$2,346,943$274,518$3,837,790
16$6,717,621$2,442,540$285,499$3,989,582
17$6,986,326$2,541,961$296,919$4,147,446
18$7,265,779$2,645,359$308,796$4,311,625
19$7,556,411$2,752,892$321,147$4,482,371
20$7,858,667$2,864,727$333,993$4,659,947
21$8,173,014$2,981,035$347,353$4,844,625
22$8,499,934$3,101,996$361,247$5,036,691
23$8,839,932$3,227,795$375,697$5,236,440
24$9,193,529$3,358,626$390,725$5,444,178
25$9,561,270$3,494,690$406,354$5,660,226
26$9,943,721$3,636,197$422,608$5,884,916
27$10,341,470$3,783,364$439,512$6,118,593
28$10,755,128$3,936,418$457,093$6,361,618
29$11,185,334$4,095,594$475,377$6,614,363
30$11,632,747$4,261,137$494,392$6,877,219
Total$209,200,000$76,114,607$8,891,000$124,194,392

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.