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North Carolina Powerball Jackpot Annuity Payout Schedule for Aug 31, 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 $76,500,000 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, Aug 31, 2011
Jackpot:$76,500,000
Federal Tax:37% marginal rate
State Tax: 4.25%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,364,003$461,701$57,970$844,331
2$1,418,563$481,888$60,289$876,385
3$1,475,305$502,883$62,700$909,722
4$1,534,317$524,718$65,208$944,391
5$1,595,690$547,426$67,817$980,448
6$1,659,518$571,042$70,530$1,017,946
7$1,725,898$595,603$73,351$1,056,945
8$1,794,934$621,146$76,285$1,097,504
9$1,866,732$647,711$79,336$1,139,685
10$1,941,401$675,339$82,510$1,183,553
11$2,019,057$704,071$85,810$1,229,176
12$2,099,819$733,953$89,242$1,276,624
13$2,183,812$765,031$92,812$1,325,969
14$2,271,165$797,351$96,524$1,377,289
15$2,362,011$830,964$100,385$1,430,661
16$2,456,492$865,922$104,401$1,486,169
17$2,554,751$902,278$108,577$1,543,896
18$2,656,941$940,089$112,920$1,603,933
19$2,763,219$979,411$117,437$1,666,371
20$2,873,748$1,020,307$122,134$1,731,307
21$2,988,698$1,062,838$127,020$1,798,840
22$3,108,246$1,107,071$132,100$1,869,074
23$3,232,575$1,153,073$137,384$1,942,118
24$3,361,878$1,200,915$142,880$2,018,083
25$3,496,354$1,250,671$148,595$2,097,087
26$3,636,208$1,302,417$154,539$2,179,252
27$3,781,656$1,356,233$160,720$2,264,703
28$3,932,922$1,412,201$167,149$2,353,572
29$4,090,239$1,470,409$173,835$2,445,995
30$4,253,849$1,530,944$180,789$2,542,116
Total$76,500,000$27,015,606$3,251,249$46,233,145

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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.