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North Carolina Powerball Jackpot Annuity Payout Schedule for May 11, 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 $65,200,000 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:Wed, May 11, 2011
Jackpot:$65,200,000
Federal Tax:37% marginal rate
State Tax: 4.25%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,162,522$387,154$49,407$725,962
2$1,209,023$404,359$51,383$753,281
3$1,257,384$422,252$53,439$781,693
4$1,307,680$440,862$55,576$811,242
5$1,359,987$460,215$57,799$841,972
6$1,414,386$480,343$60,111$873,932
7$1,470,962$501,276$62,516$907,170
8$1,529,800$523,046$65,017$941,737
9$1,590,992$545,687$67,617$977,688
10$1,654,632$569,234$70,322$1,015,076
11$1,720,817$593,723$73,135$1,053,960
12$1,789,650$619,191$76,060$1,094,399
13$1,861,236$645,678$79,103$1,136,456
14$1,935,685$673,224$82,267$1,180,195
15$2,013,113$701,872$85,557$1,225,684
16$2,093,637$731,666$88,980$1,272,992
17$2,177,383$762,652$92,539$1,322,192
18$2,264,478$794,877$96,240$1,373,361
19$2,355,057$828,391$100,090$1,426,576
20$2,449,259$863,246$104,094$1,481,920
21$2,547,230$899,495$108,257$1,539,477
22$2,649,119$937,194$112,588$1,599,337
23$2,755,084$976,401$117,091$1,661,592
24$2,865,287$1,017,177$121,775$1,726,336
25$2,979,899$1,059,583$126,646$1,793,670
26$3,099,095$1,103,685$131,712$1,863,698
27$3,223,058$1,149,552$136,980$1,936,527
28$3,351,981$1,197,253$142,459$2,012,268
29$3,486,060$1,246,862$148,158$2,091,040
30$3,625,502$1,298,456$154,084$2,172,962
Total$65,200,000$22,834,606$2,771,002$39,594,395

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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.