USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Jun 8, 2005

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The tax information provided here is based on 2025 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 $20,100,000 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, Jun 8, 2005
Jackpot:$20,100,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$358,385$94,982$10,393$253,010
2$372,720$99,999$10,809$261,912
3$387,629$105,217$11,241$271,170
4$403,134$110,644$11,691$280,799
5$419,260$116,288$12,159$290,813
6$436,030$122,158$12,645$301,227
7$453,471$128,262$13,151$312,058
8$471,610$134,611$13,677$323,323
9$490,475$141,213$14,224$335,037
10$510,094$148,080$14,793$347,221
11$530,497$155,221$15,384$359,892
12$551,717$162,648$16,000$373,069
13$573,786$170,372$16,640$386,774
14$596,737$178,405$17,305$401,027
15$620,607$186,760$17,998$415,850
16$645,431$195,830$18,718$430,884
17$671,248$205,382$19,466$446,400
18$698,098$215,317$20,245$462,537
19$726,022$225,648$21,055$479,319
20$755,063$236,394$21,897$496,773
21$785,266$247,569$22,773$514,924
22$816,676$259,190$23,684$533,802
23$849,343$271,277$24,631$553,435
24$883,317$283,848$25,616$573,853
25$918,650$296,921$26,641$595,088
26$955,396$310,517$27,706$617,173
27$993,612$324,657$28,815$640,140
28$1,033,356$339,362$29,967$664,027
29$1,074,690$354,656$31,166$688,869
30$1,117,678$370,561$32,413$714,704
Total$20,100,000$6,191,989$582,903$13,325,110

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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.