USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Feb 14, 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 $46,700,000 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:Wed, Feb 14, 2007
Jackpot:$46,700,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$832,666$264,044$24,147$544,475
2$865,972$276,367$25,113$564,492
3$900,611$289,183$26,118$585,310
4$936,636$302,512$27,162$606,961
5$974,101$316,375$28,249$629,477
6$1,013,065$330,791$29,379$652,895
7$1,053,588$345,785$30,554$677,249
8$1,095,731$361,378$31,776$702,577
9$1,139,560$377,595$33,047$728,919
10$1,185,143$394,460$34,369$756,314
11$1,232,549$412,000$35,744$784,804
12$1,281,850$430,242$37,174$814,435
13$1,333,125$449,213$38,661$845,251
14$1,386,449$468,944$40,207$877,299
15$1,441,907$489,463$41,815$910,629
16$1,499,584$510,803$43,488$945,293
17$1,559,567$532,997$45,227$981,343
18$1,621,950$556,079$47,037$1,018,835
19$1,686,828$580,084$48,918$1,057,826
20$1,754,301$605,049$50,875$1,098,378
21$1,824,473$631,012$52,910$1,140,551
22$1,897,452$658,014$55,026$1,184,411
23$1,973,350$686,097$57,227$1,230,026
24$2,052,284$715,302$59,516$1,277,465
25$2,134,375$745,676$61,897$1,326,802
26$2,219,750$777,265$64,373$1,378,113
27$2,308,540$810,117$66,948$1,431,475
28$2,400,882$844,284$69,626$1,486,973
29$2,496,917$879,817$72,411$1,544,690
30$2,596,794$916,771$75,307$1,604,716
Total$46,700,000$15,957,719$1,354,301$29,387,984

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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.