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North Dakota Powerball Jackpot Annuity Payout Schedule for Nov 30, 2005

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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 $66,500,000 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 30, 2005
Jackpot:$66,500,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,185,702$394,667$34,385$756,649
2$1,233,130$412,215$35,761$785,154
3$1,282,455$430,466$37,191$814,798
4$1,333,753$449,446$38,679$845,628
5$1,387,103$469,185$40,226$877,692
6$1,442,587$489,715$41,835$911,038
7$1,500,291$511,065$43,508$945,718
8$1,560,302$533,269$45,249$981,784
9$1,622,715$556,362$47,059$1,019,294
10$1,687,623$580,378$48,941$1,058,304
11$1,755,128$605,355$50,899$1,098,875
12$1,825,333$631,331$52,935$1,141,068
13$1,898,346$658,345$55,052$1,184,949
14$1,974,280$686,441$57,254$1,230,585
15$2,053,252$715,660$59,544$1,278,047
16$2,135,382$746,048$61,926$1,327,407
17$2,220,797$777,652$64,403$1,378,742
18$2,309,629$810,520$66,979$1,432,130
19$2,402,014$844,702$69,658$1,487,653
20$2,498,094$880,252$72,445$1,545,397
21$2,598,018$917,224$75,343$1,605,452
22$2,701,939$955,675$78,356$1,667,908
23$2,810,016$995,663$81,490$1,732,863
24$2,922,417$1,037,252$84,750$1,800,415
25$3,039,314$1,080,503$88,140$1,870,670
26$3,160,886$1,125,485$91,666$1,943,735
27$3,287,322$1,172,266$95,332$2,019,723
28$3,418,815$1,220,919$99,146$2,098,750
29$3,555,567$1,271,517$103,111$2,180,939
30$3,697,790$1,324,140$107,236$2,266,415
Total$66,500,000$23,283,718$1,928,499$41,287,782

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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.