USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Feb 24, 2024

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 $376,000,000 for a ticket purchased in North Dakota, 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 Dakota

Drawing Date:Sat, Feb 24, 2024
Jackpot:$376,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,659,340$2,052,143$164,121$3,443,075
2$5,942,307$2,156,841$172,327$3,613,139
3$6,239,422$2,266,774$180,943$3,791,705
4$6,551,393$2,382,203$189,990$3,979,200
5$6,878,962$2,503,404$199,490$4,176,069
6$7,222,911$2,630,665$209,464$4,382,782
7$7,584,056$2,764,289$219,938$4,599,830
8$7,963,259$2,904,594$230,935$4,827,731
9$8,361,422$3,051,914$242,481$5,067,027
10$8,779,493$3,206,600$254,605$5,318,288
11$9,218,468$3,369,021$267,336$5,582,111
12$9,679,391$3,539,563$280,702$5,859,126
13$10,163,361$3,718,631$294,737$6,149,992
14$10,671,529$3,906,653$309,474$6,455,401
15$11,205,105$4,104,077$324,948$6,776,081
16$11,765,361$4,311,371$341,195$7,112,794
17$12,353,629$4,529,030$358,255$7,466,343
18$12,971,310$4,757,572$376,168$7,837,570
19$13,619,875$4,997,542$394,976$8,227,357
20$14,300,869$5,249,509$414,725$8,636,635
21$15,015,913$5,514,075$435,461$9,066,376
22$15,766,708$5,791,870$457,235$9,517,604
23$16,555,044$6,083,554$480,096$9,991,394
24$17,382,796$6,389,822$504,101$10,488,873
25$18,251,936$6,711,404$529,306$11,011,226
26$19,164,533$7,049,065$555,771$11,559,696
27$20,122,759$7,403,609$583,560$12,135,591
28$21,128,897$7,775,880$612,738$12,740,279
29$22,185,342$8,166,764$643,375$13,375,203
30$23,294,609$8,577,193$675,544$14,041,872
Total$376,000,001$137,865,632$10,903,997$227,230,370

◄ 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.