USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Oct 18, 2000

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The tax information provided here is based on 2026 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 $23,800,000 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:Wed, Oct 18, 2000
Jackpot:$23,800,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$424,356$117,294$12,306$294,756
2$441,331$123,235$12,799$305,297
3$458,984$129,414$13,311$316,260
4$477,343$135,839$13,843$327,661
5$496,437$142,522$14,397$339,518
6$516,294$149,472$14,973$351,850
7$536,946$156,700$15,571$364,674
8$558,424$164,218$16,194$378,012
9$580,761$172,036$16,842$391,883
10$603,991$180,166$17,516$406,309
11$628,151$188,622$18,216$421,313
12$653,277$197,670$18,945$436,662
13$679,408$207,338$19,703$452,367
14$706,585$217,394$20,491$468,700
15$734,848$227,851$21,311$485,686
16$764,242$238,727$22,163$503,352
17$794,812$250,038$23,050$521,724
18$826,604$261,801$23,972$540,832
19$859,668$274,034$24,930$560,703
20$894,055$286,758$25,928$581,370
21$929,817$299,990$26,965$602,863
22$967,010$313,751$28,043$625,216
23$1,005,690$328,063$29,165$648,463
24$1,045,918$342,947$30,332$672,639
25$1,087,754$358,426$31,545$697,783
26$1,131,265$374,525$32,807$723,933
27$1,176,515$391,268$34,119$751,128
28$1,223,576$408,680$35,484$779,412
29$1,272,519$426,789$36,903$808,827
30$1,323,420$445,622$38,379$839,418
Total$23,800,000$7,511,190$690,203$15,598,611

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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.