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North Dakota Powerball Jackpot Annuity Payout Schedule for Jan 6, 2007

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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 $117,700,000 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, Jan 6, 2007
Jackpot:$117,700,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,098,603$732,440$60,859$1,305,303
2$2,182,547$763,500$63,294$1,355,753
3$2,269,849$795,801$65,826$1,408,222
4$2,360,643$829,395$68,459$1,462,789
5$2,455,068$864,333$71,197$1,519,539
6$2,553,271$900,668$74,045$1,578,559
7$2,655,402$938,456$77,007$1,639,939
8$2,761,618$977,756$80,087$1,703,775
9$2,872,083$1,018,628$83,290$1,770,164
10$2,986,966$1,061,135$86,622$1,839,209
11$3,106,445$1,105,342$90,087$1,911,016
12$3,230,702$1,151,317$93,690$1,985,695
13$3,359,930$1,199,132$97,438$2,063,361
14$3,494,328$1,248,859$101,336$2,144,134
15$3,634,101$1,300,575$105,389$2,228,137
16$3,779,465$1,354,359$109,604$2,315,501
17$3,930,643$1,410,295$113,989$2,406,359
18$4,087,869$1,468,469$118,548$2,500,852
19$4,251,384$1,528,969$123,290$2,599,125
20$4,421,439$1,591,890$128,222$2,701,328
21$4,598,297$1,657,327$133,351$2,807,619
22$4,782,229$1,725,382$138,685$2,918,162
23$4,973,518$1,796,159$144,232$3,033,127
24$5,172,459$1,869,767$150,001$3,152,690
25$5,379,357$1,946,319$156,001$3,277,036
26$5,594,531$2,025,934$162,241$3,406,356
27$5,818,312$2,108,733$168,731$3,540,849
28$6,051,045$2,194,844$175,480$3,680,721
29$6,293,087$2,284,399$182,500$3,826,188
30$6,544,810$2,377,537$189,799$3,977,474
Total$117,700,000$42,227,720$3,413,300$72,058,982

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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.