USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Nov 20, 2004

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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 $83,200,000 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, Nov 20, 2004
Jackpot:$83,200,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,483,464$504,839$43,020$935,605
2$1,542,803$526,794$44,741$971,267
3$1,604,515$549,628$46,531$1,008,356
4$1,668,696$573,375$48,392$1,046,929
5$1,735,443$598,071$50,328$1,087,044
6$1,804,861$623,756$52,341$1,128,764
7$1,877,056$650,468$54,435$1,172,153
8$1,952,138$678,248$56,612$1,217,278
9$2,030,223$707,140$58,876$1,264,207
10$2,111,432$737,187$61,232$1,313,013
11$2,195,889$768,436$63,681$1,363,772
12$2,283,725$800,936$66,228$1,416,562
13$2,375,074$834,735$68,877$1,471,462
14$2,470,077$869,886$71,632$1,528,559
15$2,568,880$906,443$74,498$1,587,940
16$2,671,635$944,462$77,477$1,649,696
17$2,778,501$984,003$80,577$1,713,922
18$2,889,641$1,025,124$83,800$1,780,717
19$3,005,226$1,067,891$87,152$1,850,184
20$3,125,435$1,112,368$90,638$1,922,429
21$3,250,453$1,158,625$94,263$1,997,565
22$3,380,471$1,206,732$98,034$2,075,706
23$3,515,690$1,256,762$101,955$2,156,972
24$3,656,317$1,308,795$106,033$2,241,490
25$3,802,570$1,362,908$110,275$2,329,387
26$3,954,673$1,419,186$114,686$2,420,801
27$4,112,860$1,477,715$119,273$2,515,871
28$4,277,374$1,538,586$124,044$2,614,745
29$4,448,469$1,601,891$129,006$2,717,573
30$4,626,408$1,667,728$134,166$2,824,514
Total$83,200,000$29,462,718$2,412,803$51,324,483

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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.