USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Jan 30, 2023

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The tax information provided here is based on 2022 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 $613,000,000 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 prize money, as well as deductions claimed.

State:

North Dakota

Drawing Date:Mon, Jan 30, 2023
Jackpot:$613,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,226,530$3,376,771$267,569$5,582,189
2$9,687,856$3,547,462$280,948$5,859,447
3$10,172,249$3,726,687$294,995$6,150,567
4$10,680,862$3,914,874$309,745$6,456,243
5$11,214,904$4,112,470$325,232$6,777,202
6$11,775,650$4,319,945$341,494$7,114,210
7$12,364,433$4,537,795$358,569$7,468,069
8$12,982,654$4,766,537$376,497$7,839,620
9$13,631,787$5,006,716$395,322$8,229,749
10$14,313,376$5,258,904$415,088$8,639,384
11$15,029,045$5,523,702$435,842$9,069,501
12$15,780,497$5,801,739$457,634$9,521,124
13$16,569,522$6,093,678$480,516$9,995,328
14$17,397,998$6,400,214$504,542$10,493,242
15$18,267,898$6,722,077$529,769$11,016,052
16$19,181,293$7,060,033$556,257$11,565,002
17$20,140,357$7,414,887$584,070$12,141,400
18$21,147,375$7,787,484$613,274$12,746,617
19$22,204,744$8,178,710$643,938$13,382,096
20$23,314,981$8,589,498$676,134$14,049,349
21$24,480,730$9,020,825$709,941$14,749,964
22$25,704,767$9,473,719$745,438$15,485,610
23$26,990,005$9,949,257$782,710$16,258,038
24$28,339,505$10,448,572$821,846$17,069,087
25$29,756,480$10,972,853$862,938$17,920,690
26$31,244,305$11,523,348$906,085$18,814,872
27$32,806,520$12,101,367$951,389$19,753,763
28$34,446,845$12,708,288$998,959$20,739,599
29$36,169,188$13,345,554$1,048,906$21,774,727
30$37,977,648$14,014,685$1,101,352$22,861,611
Total$613,000,001$225,698,651$17,776,999$369,524,352

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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.