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North Dakota Powerball Jackpot Annuity Payout Schedule for Nov 23, 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 $51,700,000 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, Nov 23, 2002
Jackpot:$51,700,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$921,816$297,029$26,733$598,054
2$958,689$310,672$27,802$620,215
3$997,036$324,861$28,914$643,262
4$1,036,918$339,617$30,071$667,230
5$1,078,394$354,963$31,273$692,158
6$1,121,530$370,923$32,524$718,082
7$1,166,391$387,522$33,825$745,044
8$1,213,047$404,785$35,178$773,084
9$1,261,569$422,738$36,586$802,246
10$1,312,032$441,409$38,049$832,574
11$1,364,513$460,827$39,571$864,115
12$1,419,094$481,022$41,154$896,918
13$1,475,857$502,024$42,800$931,033
14$1,534,892$523,867$44,512$966,513
15$1,596,287$546,584$46,292$1,003,411
16$1,660,139$570,209$48,144$1,041,786
17$1,726,544$594,779$50,070$1,081,696
18$1,795,606$620,332$52,073$1,123,202
19$1,867,430$646,906$54,155$1,166,368
20$1,942,128$674,544$56,322$1,211,261
21$2,019,813$703,288$58,575$1,257,950
22$2,100,605$733,181$60,918$1,306,506
23$2,184,629$764,270$63,354$1,357,005
24$2,272,015$796,603$65,888$1,409,523
25$2,362,895$830,228$68,524$1,464,143
26$2,457,411$865,199$71,265$1,520,947
27$2,555,707$901,569$74,116$1,580,023
28$2,657,936$939,393$77,080$1,641,462
29$2,764,253$978,731$80,163$1,705,359
30$2,874,823$1,019,642$83,370$1,771,811
Total$51,700,000$17,807,717$1,499,301$32,392,981

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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.