USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Mar 19, 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 $44,800,000 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, Mar 19, 2003
Jackpot:$44,800,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$798,788$251,509$23,165$524,115
2$830,740$263,331$24,091$543,317
3$863,970$275,626$25,055$563,288
4$898,528$288,413$26,057$584,058
5$934,469$301,711$27,100$605,659
6$971,848$315,541$28,184$628,124
7$1,010,722$329,924$29,311$651,487
8$1,051,151$344,883$30,483$675,785
9$1,093,197$360,440$31,703$701,054
10$1,136,925$376,620$32,971$727,335
11$1,182,402$393,446$34,290$754,666
12$1,229,698$410,946$35,661$783,091
13$1,278,886$429,145$37,088$812,653
14$1,330,041$448,073$38,571$843,398
15$1,383,243$467,757$40,114$875,372
16$1,438,573$488,229$41,719$908,625
17$1,496,116$509,520$43,387$943,208
18$1,555,960$531,663$45,123$979,175
19$1,618,199$554,691$46,928$1,016,580
20$1,682,927$578,640$48,805$1,055,482
21$1,750,244$603,547$50,757$1,095,939
22$1,820,254$629,451$52,787$1,138,015
23$1,893,064$656,391$54,899$1,181,774
24$1,968,786$684,408$57,095$1,227,283
25$2,047,538$713,546$59,379$1,274,613
26$2,129,439$743,850$61,754$1,323,836
27$2,214,617$775,365$64,224$1,375,027
28$2,303,201$808,142$66,793$1,428,267
29$2,395,330$842,229$69,465$1,483,636
30$2,491,143$877,680$72,243$1,541,220
Total$44,800,000$15,254,717$1,299,202$28,246,082

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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.