USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Oct 9, 2002

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The tax information provided here is based on 2025 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 $36,400,000 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, Oct 9, 2002
Jackpot:$36,400,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$649,016$197,156$18,821$433,038
2$674,976$206,761$19,574$448,640
3$701,975$216,751$20,357$464,867
4$730,054$227,140$21,172$481,742
5$759,256$237,945$22,018$499,293
6$789,627$249,182$22,899$517,545
7$821,212$260,869$23,815$536,528
8$854,060$273,023$24,768$556,270
9$888,223$285,663$25,758$576,802
10$923,752$298,808$26,789$598,154
11$960,702$312,480$27,860$620,361
12$999,130$326,698$28,975$643,457
13$1,039,095$341,485$30,134$667,476
14$1,080,659$356,864$31,339$692,456
15$1,123,885$372,858$32,593$718,435
16$1,168,840$389,491$33,896$745,453
17$1,215,594$406,790$35,252$773,552
18$1,264,218$424,781$36,662$802,775
19$1,314,787$443,491$38,129$833,166
20$1,367,378$462,950$39,654$864,774
21$1,422,073$483,187$41,240$897,646
22$1,478,956$504,234$42,890$931,832
23$1,538,114$526,123$44,605$967,386
24$1,599,639$548,887$46,390$1,004,363
25$1,663,624$572,561$48,245$1,042,818
26$1,730,169$597,183$50,175$1,082,812
27$1,799,376$622,789$52,182$1,124,405
28$1,871,351$649,420$54,269$1,167,662
29$1,946,205$677,116$56,440$1,212,649
30$2,024,053$705,920$58,698$1,259,436
Total$36,400,000$12,178,606$1,055,599$23,165,793

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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.