USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for May 24, 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 $53,300,000 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, May 24, 2000
Jackpot:$53,300,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$950,344$307,585$27,560$615,200
2$988,358$321,650$28,662$638,046
3$1,027,892$336,277$29,809$661,806
4$1,069,008$351,490$31,001$686,517
5$1,111,768$367,312$32,241$712,216
6$1,156,239$383,766$33,531$738,942
7$1,202,489$400,878$34,872$766,738
8$1,250,588$418,675$36,267$795,646
9$1,300,612$437,184$37,718$825,710
10$1,352,636$456,433$39,226$856,977
11$1,406,742$476,452$40,796$889,495
12$1,463,011$497,271$42,427$923,313
13$1,521,532$518,924$44,124$958,483
14$1,582,393$541,443$45,889$995,061
15$1,645,689$564,862$47,725$1,033,102
16$1,711,516$589,218$49,634$1,072,664
17$1,779,977$614,549$51,619$1,113,809
18$1,851,176$640,892$53,684$1,156,600
19$1,925,223$668,290$55,831$1,201,102
20$2,002,232$696,783$58,065$1,247,384
21$2,082,321$726,416$60,387$1,295,518
22$2,165,614$757,235$62,803$1,345,577
23$2,252,239$789,286$65,315$1,397,638
24$2,342,328$822,619$67,928$1,451,782
25$2,436,021$857,285$70,645$1,508,092
26$2,533,462$893,338$73,470$1,566,654
27$2,634,801$930,834$76,409$1,627,558
28$2,740,193$969,829$79,466$1,690,899
29$2,849,801$1,010,383$82,644$1,756,773
30$2,963,793$1,052,561$85,950$1,825,282
Total$53,300,000$18,399,720$1,545,698$33,354,584

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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.