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North Dakota Powerball Jackpot Annuity Payout Schedule for Nov 22, 2008

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The tax information provided here is based on 2025 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 $57,600,000 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, Nov 22, 2008
Jackpot:$57,600,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,027,014$337,015$29,783$660,215
2$1,068,094$352,215$30,975$684,904
3$1,110,818$368,023$32,214$710,581
4$1,155,251$384,463$33,502$737,285
5$1,201,461$401,561$34,842$765,058
6$1,249,519$419,342$36,236$793,941
7$1,299,500$437,835$37,685$823,979
8$1,351,480$457,068$39,193$855,219
9$1,405,539$477,070$40,761$887,709
10$1,461,761$497,872$42,391$921,498
11$1,520,231$519,506$44,087$956,639
12$1,581,040$542,005$45,850$993,185
13$1,644,282$565,405$47,684$1,031,193
14$1,710,053$589,740$49,592$1,070,722
15$1,778,455$615,049$51,575$1,111,831
16$1,849,594$641,370$53,638$1,154,586
17$1,923,577$668,744$55,784$1,199,050
18$2,000,521$697,213$58,015$1,245,293
19$2,080,541$726,821$60,336$1,293,385
20$2,163,763$757,613$62,749$1,343,401
21$2,250,314$789,636$65,259$1,395,418
22$2,340,326$822,941$67,869$1,449,516
23$2,433,939$857,578$70,584$1,505,777
24$2,531,297$893,600$73,408$1,564,289
25$2,632,549$931,063$76,344$1,625,141
26$2,737,850$970,025$79,398$1,688,428
27$2,847,364$1,010,545$82,574$1,754,246
28$2,961,259$1,052,686$85,877$1,822,696
29$3,079,709$1,096,513$89,312$1,893,885
30$3,202,898$1,142,092$92,884$1,967,921
Total$57,600,000$20,022,609$1,670,401$35,906,991

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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.