USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Jan 31, 2009

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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 $43,100,000 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, Jan 31, 2009
Jackpot:$43,100,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$768,477$240,294$22,286$505,898
2$799,216$251,667$23,177$524,372
3$831,185$263,496$24,104$543,585
4$864,432$275,797$25,069$563,567
5$899,010$288,591$26,071$584,348
6$934,970$301,896$27,114$605,960
7$972,369$315,734$28,199$628,436
8$1,011,264$330,125$29,327$651,812
9$1,051,714$345,092$30,500$676,123
10$1,093,783$360,657$31,720$701,406
11$1,137,534$376,845$32,988$727,701
12$1,183,035$393,680$34,308$755,047
13$1,230,357$411,189$35,680$783,487
14$1,279,571$429,399$37,108$813,065
15$1,330,754$448,336$38,592$843,826
16$1,383,984$468,031$40,136$875,817
17$1,439,344$488,514$41,741$909,088
18$1,496,917$509,817$43,411$943,690
19$1,556,794$531,971$45,147$979,676
20$1,619,066$555,012$46,953$1,017,101
21$1,683,828$578,974$48,831$1,056,024
22$1,751,181$603,894$50,784$1,096,503
23$1,821,229$629,812$52,816$1,138,601
24$1,894,078$656,766$54,928$1,182,384
25$1,969,841$684,798$57,125$1,227,917
26$2,048,635$713,952$59,410$1,275,272
27$2,130,580$744,272$61,787$1,324,521
28$2,215,803$775,804$64,258$1,375,740
29$2,304,435$808,598$66,829$1,429,008
30$2,396,613$842,704$69,502$1,484,407
Total$43,100,000$14,625,717$1,249,901$27,224,382

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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.