USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Apr 13, 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 $21,500,000 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, Apr 13, 2002
Jackpot:$21,500,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$383,347$102,941$11,117$269,289
2$398,681$108,308$11,562$278,812
3$414,628$113,889$12,024$288,715
4$431,213$119,694$12,505$299,014
5$448,462$125,731$13,005$309,726
6$466,400$132,009$13,526$320,865
7$485,056$138,539$14,067$332,451
8$504,459$145,330$14,629$344,500
9$524,637$152,392$15,214$357,030
10$545,623$159,737$15,823$370,062
11$567,447$167,376$16,456$383,616
12$590,145$175,320$17,114$397,711
13$613,751$183,582$17,799$412,370
14$638,301$192,175$18,511$427,616
15$663,833$201,576$19,251$443,007
16$690,387$211,400$20,021$458,965
17$718,002$221,618$20,822$475,562
18$746,722$232,244$21,655$492,823
19$776,591$243,296$22,521$510,774
20$807,655$254,789$23,422$529,443
21$839,961$266,743$24,359$548,859
22$873,559$279,174$25,333$569,052
23$908,502$292,103$26,347$590,052
24$944,842$305,549$27,400$611,893
25$982,635$319,532$28,496$634,607
26$1,021,941$334,075$29,636$658,229
27$1,062,818$349,200$30,822$682,797
28$1,105,331$364,930$32,055$708,347
29$1,149,544$381,289$33,337$734,919
30$1,195,526$398,302$34,670$762,554
Total$21,500,000$6,672,843$623,499$14,203,660

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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.