USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Aug 16, 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 $22,900,000 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, Aug 16, 2000
Jackpot:$22,900,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$408,309$111,677$11,841$284,791
2$424,642$117,394$12,315$294,933
3$441,627$123,339$12,807$305,481
4$459,292$129,522$13,319$316,451
5$477,664$135,952$13,852$327,860
6$496,771$142,639$14,406$339,725
7$516,641$149,594$14,983$352,065
8$537,307$156,827$15,582$364,898
9$558,799$164,349$16,205$378,245
10$581,151$172,172$16,853$392,126
11$604,397$180,308$17,528$406,562
12$628,573$188,770$18,229$421,575
13$653,716$197,832$18,958$436,926
14$679,865$207,507$19,716$452,642
15$707,060$217,569$20,505$468,986
16$735,342$228,034$21,325$485,983
17$764,756$238,917$22,178$503,661
18$795,346$250,235$23,065$522,046
19$827,160$262,006$23,988$541,166
20$860,246$274,248$24,947$561,051
21$894,656$286,980$25,945$581,731
22$930,442$300,221$26,983$603,238
23$967,660$313,991$28,062$625,606
24$1,006,366$328,313$29,185$648,869
25$1,046,621$343,207$30,352$673,062
26$1,088,486$358,697$31,566$698,223
27$1,132,025$374,807$32,829$724,390
28$1,177,306$391,561$34,142$751,604
29$1,224,398$408,985$35,508$779,906
30$1,273,374$427,106$36,928$809,341
Total$22,900,000$7,182,759$664,102$15,053,143

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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.