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North Carolina Powerball Jackpot Annuity Payout Schedule for Dec 14, 2011

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The tax information provided here is based on 2024 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 $77,700,000 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:Wed, Dec 14, 2011
Jackpot:$77,700,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,385,399$470,785$62,343$852,270
2$1,440,815$491,289$64,837$884,689
3$1,498,447$512,613$67,430$918,404
4$1,558,385$534,790$70,127$953,468
5$1,620,721$557,854$72,932$989,934
6$1,685,549$581,841$75,850$1,027,859
7$1,752,971$606,787$78,884$1,067,300
8$1,823,090$632,731$82,039$1,108,320
9$1,896,014$659,713$85,321$1,150,980
10$1,971,854$687,774$88,733$1,195,347
11$2,050,729$716,957$92,283$1,241,488
12$2,132,758$747,308$95,974$1,289,475
13$2,218,068$778,873$99,813$1,339,382
14$2,306,791$811,700$103,806$1,391,285
15$2,399,062$845,841$107,958$1,445,264
16$2,495,025$881,347$112,276$1,501,402
17$2,594,826$918,273$116,767$1,559,785
18$2,698,619$956,677$121,438$1,620,504
19$2,806,564$996,616$126,295$1,683,652
20$2,918,826$1,038,153$131,347$1,749,326
21$3,035,579$1,081,352$136,601$1,817,626
22$3,157,002$1,126,279$142,065$1,888,659
23$3,283,282$1,173,002$147,748$1,962,532
24$3,414,614$1,221,595$153,658$2,039,361
25$3,551,198$1,272,131$159,804$2,119,263
26$3,693,246$1,324,689$166,196$2,202,361
27$3,840,976$1,379,349$172,844$2,288,783
28$3,994,615$1,436,195$179,758$2,378,662
29$4,154,400$1,495,316$186,948$2,472,136
30$4,320,576$1,556,801$194,426$2,569,349
Total$77,700,000$27,494,631$3,496,501$46,708,866

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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.