USA Mega

North Carolina Powerball Jackpot Annuity Payout Schedule for Dec 24, 2011

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $128,800,000 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, Dec 24, 2011
Jackpot:$128,800,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,296,517$807,899$103,343$1,385,275
2$2,388,377$841,887$107,477$1,439,013
3$2,483,913$877,235$111,776$1,494,901
4$2,583,269$913,997$116,247$1,553,025
5$2,686,600$952,230$120,897$1,613,473
6$2,794,064$991,991$125,733$1,676,340
7$2,905,826$1,033,343$130,762$1,741,721
8$3,022,059$1,076,350$135,993$1,809,717
9$3,142,942$1,121,076$141,432$1,880,433
10$3,268,659$1,167,592$147,090$1,953,978
11$3,399,406$1,215,968$152,973$2,030,465
12$3,535,382$1,266,279$159,092$2,110,011
13$3,676,797$1,318,603$165,456$2,192,739
14$3,823,869$1,373,019$172,074$2,278,776
15$3,976,824$1,429,613$178,957$2,368,254
16$4,135,897$1,488,470$186,115$2,461,312
17$4,301,333$1,549,681$193,560$2,558,092
18$4,473,386$1,613,341$201,302$2,658,743
19$4,652,322$1,679,547$209,354$2,763,420
20$4,838,414$1,748,401$217,729$2,872,285
21$5,031,951$1,820,010$226,438$2,985,504
22$5,233,229$1,894,483$235,495$3,103,251
23$5,442,558$1,971,934$244,915$3,225,709
24$5,660,261$2,052,484$254,712$3,353,065
25$5,886,671$2,136,256$264,900$3,485,515
26$6,122,138$2,223,379$275,496$3,623,263
27$6,367,023$2,313,986$286,516$3,766,521
28$6,621,704$2,408,218$297,977$3,915,509
29$6,886,572$2,506,220$309,896$4,070,457
30$7,162,035$2,608,141$322,292$4,231,603
Total$128,800,000$46,401,633$5,795,999$76,602,370

◄ Back to Jackpot Analysis

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.