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North Dakota Powerball Jackpot Annuity Payout Schedule for Nov 29, 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 $130,700,000 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, Nov 29, 2000
Jackpot:$130,700,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,330,394$818,203$67,581$1,444,610
2$2,423,610$852,693$70,285$1,500,632
3$2,520,554$888,562$73,096$1,558,896
4$2,621,376$925,866$76,020$1,619,490
5$2,726,231$964,663$79,061$1,682,508
6$2,835,281$1,005,011$82,223$1,748,046
7$2,948,692$1,046,973$85,512$1,816,207
8$3,066,639$1,090,614$88,933$1,887,093
9$3,189,305$1,136,000$92,490$1,960,815
10$3,316,877$1,183,202$96,189$2,037,486
11$3,449,552$1,232,292$100,037$2,117,224
12$3,587,534$1,283,345$104,038$2,200,151
13$3,731,036$1,336,440$108,200$2,286,395
14$3,880,277$1,391,660$112,528$2,376,089
15$4,035,488$1,449,088$117,029$2,469,371
16$4,196,908$1,508,813$121,710$2,566,384
17$4,364,784$1,570,927$126,579$2,667,278
18$4,539,376$1,635,526$131,642$2,772,207
19$4,720,951$1,702,709$136,908$2,881,334
20$4,909,789$1,772,579$142,384$2,994,826
21$5,106,180$1,845,244$148,079$3,112,857
22$5,310,427$1,920,815$154,002$3,235,610
23$5,522,844$1,999,410$160,162$3,363,272
24$5,743,758$2,081,148$166,569$3,496,041
25$5,973,509$2,166,155$173,232$3,634,121
26$6,212,449$2,254,563$180,161$3,777,725
27$6,460,947$2,346,508$187,367$3,927,072
28$6,719,385$2,442,130$194,862$4,082,393
29$6,988,160$2,541,576$202,657$4,243,927
30$7,267,686$2,645,001$210,763$4,411,922
Total$130,700,000$47,037,716$3,790,299$79,871,982

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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.