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North Dakota Powerball Jackpot Annuity Payout Schedule for Nov 10, 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 $84,100,000 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:Sat, Nov 10, 2007
Jackpot:$84,100,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,499,511$510,776$43,486$945,249
2$1,559,492$532,969$45,225$981,297
3$1,621,871$556,050$47,034$1,018,787
4$1,686,746$580,053$48,916$1,057,777
5$1,754,216$605,017$50,872$1,098,327
6$1,824,385$630,980$52,907$1,140,498
7$1,897,360$657,981$55,023$1,184,356
8$1,973,255$686,061$57,224$1,229,969
9$2,052,185$715,266$59,513$1,277,406
10$2,134,272$745,638$61,894$1,326,740
11$2,219,643$777,225$64,370$1,378,048
12$2,308,429$810,076$66,944$1,431,408
13$2,400,766$844,241$69,622$1,486,903
14$2,496,797$879,772$72,407$1,544,618
15$2,596,668$916,725$75,303$1,604,640
16$2,700,535$955,155$78,316$1,667,064
17$2,808,557$995,123$81,448$1,731,985
18$2,920,899$1,036,690$84,706$1,799,503
19$3,037,735$1,079,919$88,094$1,869,721
20$3,159,244$1,124,878$91,618$1,942,749
21$3,285,614$1,171,634$95,283$2,018,697
22$3,417,039$1,220,262$99,094$2,097,683
23$3,553,720$1,270,834$103,058$2,179,829
24$3,695,869$1,323,429$107,180$2,265,260
25$3,843,704$1,378,128$111,467$2,354,109
26$3,997,452$1,435,014$115,926$2,446,511
27$4,157,350$1,494,177$120,563$2,542,610
28$4,323,644$1,555,705$125,386$2,642,553
29$4,496,590$1,619,695$130,401$2,746,493
30$4,676,453$1,686,245$135,617$2,854,591
Total$84,100,000$29,795,718$2,438,897$51,865,381

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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.