USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Feb 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 $37,400,000 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, Feb 10, 2007
Jackpot:$37,400,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$666,846$202,690$19,339$444,817
2$693,520$212,559$20,112$460,848
3$721,260$222,824$20,917$477,520
4$750,111$233,498$21,753$494,859
5$780,115$244,600$22,623$512,892
6$811,320$256,146$23,528$531,646
7$843,773$268,153$24,469$551,150
8$877,523$280,641$25,448$571,434
9$912,624$293,628$26,466$592,530
10$949,129$307,135$27,525$614,470
11$987,095$321,182$28,626$637,287
12$1,026,578$335,791$29,771$661,016
13$1,067,641$350,985$30,962$685,695
14$1,110,347$366,786$32,200$711,361
15$1,154,761$383,219$33,488$738,054
16$1,200,951$400,309$34,828$765,815
17$1,248,990$418,083$36,221$794,685
18$1,298,949$436,568$37,670$824,711
19$1,350,907$455,793$39,176$855,938
20$1,404,943$475,786$40,743$888,414
21$1,461,141$496,579$42,373$922,189
22$1,519,587$518,204$44,068$957,314
23$1,580,370$540,694$45,831$993,845
24$1,643,585$564,084$47,664$1,031,837
25$1,709,328$588,409$49,571$1,071,349
26$1,777,702$613,707$51,553$1,112,441
27$1,848,810$640,017$53,615$1,155,177
28$1,922,762$667,379$55,760$1,199,623
29$1,999,672$695,836$57,991$1,245,846
30$2,079,659$725,431$60,310$1,293,918
Total$37,400,000$12,516,716$1,084,601$23,798,681

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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.