USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for May 14, 2005

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The tax information provided here is based on 2024 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 $112,000,000 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, May 14, 2005
Jackpot:$112,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,996,971$697,067$57,912$1,241,992
2$2,076,850$726,622$60,229$1,289,999
3$2,159,924$757,360$62,638$1,339,927
4$2,246,321$789,326$65,143$1,391,851
5$2,336,174$822,572$67,749$1,445,853
6$2,429,621$857,147$70,459$1,502,014
7$2,526,806$893,106$73,277$1,560,422
8$2,627,878$930,503$76,208$1,621,167
9$2,732,993$969,395$79,257$1,684,341
10$2,842,313$1,009,843$82,427$1,750,042
11$2,956,005$1,051,910$85,724$1,818,371
12$3,074,245$1,095,658$89,153$1,889,434
13$3,197,215$1,141,157$92,719$1,963,339
14$3,325,104$1,188,476$96,428$2,040,200
15$3,458,108$1,237,688$100,285$2,120,135
16$3,596,432$1,288,868$104,297$2,203,268
17$3,740,289$1,342,095$108,468$2,289,726
18$3,889,901$1,397,451$112,807$2,379,643
19$4,045,497$1,455,022$117,319$2,473,156
20$4,207,317$1,514,895$122,012$2,570,410
21$4,375,610$1,577,163$126,893$2,671,554
22$4,550,634$1,641,922$131,968$2,776,743
23$4,732,659$1,709,272$137,247$2,886,141
24$4,921,966$1,779,315$142,737$2,999,914
25$5,118,844$1,852,160$148,446$3,118,238
26$5,323,598$1,927,919$154,384$3,241,295
27$5,536,542$2,006,708$160,560$3,369,274
28$5,758,004$2,088,649$166,982$3,502,372
29$5,988,324$2,173,868$173,661$3,640,795
30$6,227,857$2,262,495$180,608$3,784,754
Total$112,000,000$40,185,632$3,247,997$68,566,370

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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.