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North Dakota Powerball Jackpot Annuity Payout Schedule for Feb 13, 2008

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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 $74,700,000 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 13, 2008
Jackpot:$74,700,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,331,908$448,763$38,625$844,520
2$1,385,185$468,476$40,170$876,539
3$1,440,592$488,976$41,777$909,839
4$1,498,216$510,297$43,448$944,470
5$1,558,144$532,471$45,186$980,488
6$1,620,470$555,531$46,994$1,017,945
7$1,685,289$579,514$48,873$1,056,901
8$1,752,701$604,456$50,828$1,097,416
9$1,822,809$630,396$52,861$1,139,551
10$1,895,721$657,374$54,976$1,183,371
11$1,971,550$685,431$57,175$1,228,944
12$2,050,412$714,610$59,462$1,276,340
13$2,132,428$744,956$61,840$1,325,632
14$2,217,725$776,516$64,314$1,376,896
15$2,306,434$809,338$66,887$1,430,210
16$2,398,692$843,473$69,562$1,485,657
17$2,494,639$878,974$72,345$1,543,321
18$2,594,425$915,895$75,238$1,603,292
19$2,698,202$954,292$78,248$1,665,662
20$2,806,130$994,225$81,378$1,730,527
21$2,918,375$1,035,756$84,633$1,797,986
22$3,035,110$1,078,948$88,018$1,868,144
23$3,156,515$1,123,868$91,539$1,941,108
24$3,282,775$1,170,584$95,200$2,016,991
25$3,414,086$1,219,169$99,009$2,095,909
26$3,550,650$1,269,698$102,969$2,177,983
27$3,692,676$1,322,247$107,088$2,263,341
28$3,840,383$1,376,899$111,371$2,352,113
29$3,993,998$1,433,737$115,826$2,444,436
30$4,153,758$1,492,848$120,459$2,540,451
Total$74,700,000$26,317,718$2,166,299$46,215,983

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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.