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North Dakota Powerball Jackpot Annuity Payout Schedule for Apr 28, 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 $67,600,000 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, Apr 28, 2007
Jackpot:$67,600,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,205,315$401,924$34,954$768,437
2$1,253,527$419,762$36,352$797,413
3$1,303,668$438,315$37,806$827,547
4$1,355,815$457,609$39,319$858,888
5$1,410,048$477,675$40,891$891,481
6$1,466,450$498,544$42,527$925,379
7$1,525,108$520,247$44,228$960,632
8$1,586,112$542,819$45,997$997,296
9$1,649,556$566,293$47,837$1,035,426
10$1,715,539$590,707$49,751$1,075,081
11$1,784,160$616,097$51,741$1,116,323
12$1,855,527$642,502$53,810$1,159,214
13$1,929,748$669,964$55,963$1,203,821
14$2,006,938$698,524$58,201$1,250,212
15$2,087,215$728,227$60,529$1,298,459
16$2,170,704$759,118$62,950$1,348,636
17$2,257,532$791,244$65,468$1,400,819
18$2,347,833$824,655$68,087$1,455,090
19$2,441,746$859,403$70,811$1,511,532
20$2,539,416$895,541$73,643$1,570,232
21$2,640,993$933,125$76,589$1,631,280
22$2,746,633$972,211$79,652$1,694,769
23$2,856,498$1,012,861$82,838$1,760,798
24$2,970,758$1,055,138$86,152$1,829,468
25$3,089,588$1,099,105$89,598$1,900,885
26$3,213,172$1,144,831$93,182$1,975,159
27$3,341,699$1,192,386$96,909$2,052,404
28$3,475,367$1,241,843$100,786$2,132,738
29$3,614,381$1,293,278$104,817$2,216,286
30$3,758,956$1,346,771$109,010$2,303,176
Total$67,600,000$23,690,719$1,960,398$41,948,881

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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.