USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Nov 5, 2003

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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 $12,800,000 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, Nov 5, 2003
Jackpot:$12,800,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$228,225$49,488$6,619$172,119
2$237,354$52,409$6,883$178,062
3$246,848$55,448$7,159$184,242
4$256,722$58,622$7,445$190,655
5$266,991$62,216$7,743$197,032
6$277,671$65,954$8,052$203,664
7$288,778$69,841$8,375$210,562
8$300,329$73,884$8,710$217,735
9$312,342$78,089$9,058$225,195
10$324,836$82,462$9,420$232,954
11$337,829$87,009$9,797$241,023
12$351,342$91,739$10,189$249,414
13$365,396$96,658$10,596$258,142
14$380,012$101,773$11,020$267,218
15$395,212$107,094$11,461$276,658
16$411,021$112,627$11,920$286,475
17$427,462$118,381$12,396$296,684
18$444,560$124,365$12,892$307,303
19$462,343$130,589$13,408$318,345
20$480,836$137,062$13,944$329,830
21$500,070$143,794$14,502$341,774
22$520,072$150,795$15,082$354,196
23$540,875$158,076$15,685$367,114
24$562,510$165,648$16,313$380,550
25$585,011$173,523$16,965$394,522
26$608,411$181,713$17,644$409,054
27$632,748$190,231$18,350$424,167
28$658,058$199,439$19,084$439,535
29$684,380$209,178$19,847$455,355
30$711,755$219,307$20,641$471,808
Total$12,800,000$3,547,414$371,200$8,881,387

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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.