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North Dakota Powerball Jackpot Annuity Payout Schedule for Sep 17, 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 $136,600,000 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:Wed, Sep 17, 2008
Jackpot:$136,600,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,435,592$858,189$70,632$1,506,770
2$2,533,015$894,236$73,457$1,565,322
3$2,634,336$931,725$76,396$1,626,216
4$2,739,709$970,713$79,452$1,689,545
5$2,849,298$1,011,260$82,630$1,755,408
6$2,963,270$1,053,430$85,935$1,823,905
7$3,081,800$1,097,286$89,372$1,895,142
8$3,205,072$1,142,897$92,947$1,969,228
9$3,333,275$1,190,332$96,665$2,046,278
10$3,466,606$1,239,665$100,532$2,126,410
11$3,605,270$1,290,970$104,553$2,209,747
12$3,749,481$1,344,328$108,735$2,296,418
13$3,899,461$1,399,821$113,084$2,386,556
14$4,055,439$1,457,533$117,608$2,480,299
15$4,217,657$1,517,553$122,312$2,577,791
16$4,386,363$1,579,974$127,205$2,679,184
17$4,561,817$1,644,893$132,293$2,784,632
18$4,744,290$1,712,408$137,584$2,894,298
19$4,934,062$1,782,623$143,088$3,008,351
20$5,131,424$1,855,647$148,811$3,126,966
21$5,336,681$1,931,592$154,764$3,250,325
22$5,550,148$2,010,575$160,954$3,378,619
23$5,772,154$2,092,717$167,392$3,512,044
24$6,003,040$2,178,145$174,088$3,650,807
25$6,243,162$2,266,990$181,052$3,795,120
26$6,492,888$2,359,389$188,294$3,945,206
27$6,752,604$2,455,484$195,826$4,101,295
28$7,022,708$2,555,422$203,659$4,263,627
29$7,303,616$2,659,358$211,805$4,432,453
30$7,595,761$2,767,452$220,277$4,608,032
Total$136,600,000$49,252,607$3,961,402$83,385,994

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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.