USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Sep 23, 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 $28,700,000 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:Sat, Sep 23, 2000
Jackpot:$28,700,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$511,724$147,873$14,840$349,011
2$532,193$155,037$15,434$361,722
3$553,481$162,487$16,051$374,942
4$575,620$170,236$16,693$388,691
5$598,645$178,295$17,361$402,989
6$622,590$186,676$18,055$417,859
7$647,494$195,530$18,777$433,187
8$673,394$205,113$19,528$448,752
9$700,329$215,079$20,310$464,941
10$728,343$225,444$21,122$481,777
11$757,476$236,223$21,967$499,286
12$787,775$247,434$22,845$517,496
13$819,286$259,093$23,759$536,434
14$852,058$271,219$24,710$556,129
15$886,140$283,829$25,698$576,613
16$921,586$296,944$26,726$597,916
17$958,449$310,583$27,795$620,071
18$996,787$324,768$28,907$643,112
19$1,036,659$339,521$30,063$667,075
20$1,078,125$354,863$31,266$691,996
21$1,121,250$370,820$32,516$717,914
22$1,166,100$387,414$33,817$744,869
23$1,212,744$404,673$35,170$772,902
24$1,261,254$422,621$36,576$802,056
25$1,311,704$441,288$38,039$832,377
26$1,364,172$460,701$39,561$863,910
27$1,418,739$480,891$41,143$896,705
28$1,475,488$501,888$42,789$930,811
29$1,534,508$523,725$44,501$966,282
30$1,595,888$546,436$46,281$1,003,172
Total$28,700,000$9,306,704$832,300$18,560,997

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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.