USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Jan 12, 2002

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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 $54,600,000 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, Jan 12, 2002
Jackpot:$54,600,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$973,523$316,161$28,232$629,130
2$1,012,464$330,569$29,361$652,534
3$1,052,963$345,554$30,536$676,873
4$1,095,081$361,137$31,757$702,187
5$1,138,885$377,345$33,028$728,512
6$1,184,440$394,200$34,349$755,891
7$1,231,818$411,730$35,723$784,365
8$1,281,090$429,961$37,152$813,978
9$1,332,334$448,921$38,638$844,775
10$1,385,627$468,639$40,183$876,805
11$1,441,052$489,147$41,791$910,115
12$1,498,695$510,474$43,462$944,758
13$1,558,642$532,655$45,201$980,787
14$1,620,988$555,723$47,009$1,018,257
15$1,685,828$579,713$48,889$1,057,225
16$1,753,261$604,664$50,845$1,097,752
17$1,823,391$630,612$52,878$1,139,901
18$1,896,327$657,598$54,993$1,183,735
19$1,972,180$685,664$57,193$1,229,323
20$2,051,067$714,852$59,481$1,276,734
21$2,133,110$745,208$61,860$1,326,042
22$2,218,434$776,778$64,335$1,377,322
23$2,307,171$809,611$66,908$1,430,653
24$2,399,458$843,757$69,584$1,486,117
25$2,495,437$879,269$72,368$1,543,800
26$2,595,254$916,201$75,262$1,603,790
27$2,699,064$954,611$78,273$1,666,180
28$2,807,027$994,557$81,404$1,731,066
29$2,919,308$1,036,101$84,660$1,798,547
30$3,036,080$1,079,307$88,046$1,868,727
Total$54,600,000$18,880,719$1,583,401$34,135,881

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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.