USA Mega

North Carolina Powerball Jackpot Annuity Payout Schedule for Aug 31, 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 $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: 4.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,364,003$462,869$61,380$839,754
2$1,418,563$483,056$63,835$871,671
3$1,475,305$504,051$66,389$904,866
4$1,534,317$525,885$69,044$939,388
5$1,595,690$548,593$71,806$975,291
6$1,659,518$572,209$74,678$1,012,630
7$1,725,898$596,770$77,665$1,051,463
8$1,794,934$622,313$80,772$1,091,849
9$1,866,732$648,878$84,003$1,133,850
10$1,941,401$676,506$87,363$1,177,532
11$2,019,057$705,239$90,858$1,222,961
12$2,099,819$735,121$94,492$1,270,207
13$2,183,812$766,198$98,272$1,319,342
14$2,271,165$798,519$102,202$1,370,444
15$2,362,011$832,132$106,291$1,423,589
16$2,456,492$867,090$110,542$1,478,860
17$2,554,751$903,446$114,964$1,536,342
18$2,656,941$941,256$119,562$1,596,123
19$2,763,219$980,579$124,345$1,658,295
20$2,873,748$1,021,474$129,319$1,722,955
21$2,988,698$1,064,006$134,491$1,790,200
22$3,108,246$1,108,239$139,871$1,860,136
23$3,232,575$1,154,241$145,466$1,932,869
24$3,361,878$1,202,083$151,285$2,008,511
25$3,496,354$1,251,839$157,336$2,087,179
26$3,636,208$1,303,585$163,629$2,168,994
27$3,781,656$1,357,400$170,175$2,254,081
28$3,932,922$1,413,369$176,981$2,342,572
29$4,090,239$1,471,576$184,061$2,434,602
30$4,253,849$1,532,112$191,423$2,530,314
Total$76,500,000$27,050,634$3,442,500$46,006,870

◄ 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.