USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Jul 17, 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 $35,000,000 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:Wed, Jul 17, 2002
Jackpot:$35,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$624,053$189,088$18,098$416,868
2$649,016$198,324$18,821$431,871
3$674,976$207,929$19,574$447,473
4$701,975$217,919$20,357$463,699
5$730,054$228,308$21,172$480,575
6$759,256$239,113$22,018$498,125
7$789,627$250,350$22,899$516,378
8$821,212$262,036$23,815$535,361
9$854,060$274,190$24,768$555,102
10$888,223$286,830$25,758$575,634
11$923,752$299,976$26,789$596,987
12$960,702$313,647$27,860$619,194
13$999,130$327,866$28,975$642,289
14$1,039,095$342,653$30,134$666,308
15$1,080,659$358,031$31,339$691,288
16$1,123,885$374,025$32,593$717,267
17$1,168,840$390,659$33,896$744,285
18$1,215,594$407,958$35,252$772,384
19$1,264,218$425,948$36,662$801,607
20$1,314,787$444,659$38,129$831,999
21$1,367,378$464,118$39,654$863,606
22$1,422,073$484,355$41,240$896,478
23$1,478,956$505,401$42,890$930,665
24$1,538,114$527,290$44,605$966,219
25$1,599,639$550,054$46,390$1,003,195
26$1,663,624$573,729$48,245$1,041,651
27$1,730,169$598,350$50,175$1,081,644
28$1,799,376$623,957$52,182$1,123,237
29$1,871,351$650,588$54,269$1,166,494
30$1,946,205$678,284$56,440$1,211,482
Total$35,000,000$11,695,635$1,014,999$22,289,365

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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.