USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Mar 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 $25,500,000 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, Mar 30, 2005
Jackpot:$25,500,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$454,668$127,903$13,185$313,579
2$472,854$134,268$13,713$324,873
3$491,768$140,888$14,261$336,619
4$511,439$147,773$14,832$348,834
5$531,897$154,933$15,425$361,539
6$553,173$162,380$16,042$374,751
7$575,299$170,124$16,684$388,492
8$598,311$178,178$17,351$402,782
9$622,244$186,555$18,045$417,644
10$647,134$195,397$18,767$432,970
11$673,019$204,974$19,518$448,527
12$699,940$214,935$20,298$464,707
13$727,937$225,294$21,110$481,533
14$757,055$236,068$21,955$499,033
15$787,337$247,272$22,833$517,232
16$818,831$258,925$23,746$536,160
17$851,584$271,043$24,696$555,845
18$885,647$283,647$25,684$576,317
19$921,073$296,754$26,711$597,608
20$957,916$310,386$27,780$619,750
21$996,233$324,563$28,891$642,779
22$1,036,082$339,308$30,046$666,728
23$1,077,525$354,642$31,248$691,635
24$1,120,626$370,589$32,498$717,539
25$1,165,451$387,174$33,798$744,479
26$1,212,069$404,423$35,150$772,496
27$1,260,552$422,361$36,556$801,634
28$1,310,974$441,018$38,018$831,938
29$1,363,413$460,420$39,539$863,454
30$1,417,950$480,599$41,121$896,230
Total$25,500,000$8,132,794$739,501$16,627,707

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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.