USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for May 18, 2002

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The tax information provided here is based on 2024 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 $10,000,000 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, May 18, 2002
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$178,301$35,835$5,171$137,296
2$185,433$37,546$5,378$142,509
3$192,850$39,399$5,593$147,859
4$200,564$41,867$5,816$152,881
5$208,587$44,434$6,049$158,104
6$216,930$47,104$6,291$163,535
7$225,608$49,881$6,543$169,184
8$234,632$52,769$6,804$175,059
9$244,017$55,781$7,076$181,160
10$253,778$59,197$7,360$187,221
11$263,929$62,750$7,654$193,525
12$274,486$66,445$7,960$200,081
13$285,466$70,288$8,279$206,899
14$296,884$74,284$8,610$213,990
15$308,760$78,441$8,954$221,365
16$321,110$82,763$9,312$229,035
17$333,954$87,259$9,685$237,011
18$347,313$91,934$10,072$245,306
19$361,205$96,797$10,475$253,934
20$375,653$101,853$10,894$262,906
21$390,679$107,113$11,330$272,237
22$406,307$112,582$11,783$281,942
23$422,559$118,270$12,254$292,034
24$439,461$124,186$12,744$302,531
25$457,040$130,339$13,254$313,447
26$475,321$136,737$13,784$324,800
27$494,334$143,392$14,336$336,607
28$514,107$150,312$14,909$348,886
29$534,672$157,510$15,505$361,656
30$556,059$164,995$16,126$374,938
Total$10,000,000$2,622,063$290,001$7,087,938

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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.