USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Mar 11, 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 $32,500,000 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, Mar 11, 2009
Jackpot:$32,500,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$579,478$171,587$16,805$391,087
2$602,657$179,699$17,477$405,481
3$626,764$188,137$18,176$420,451
4$651,834$197,136$18,903$435,795
5$677,908$206,783$19,659$451,465
6$705,024$216,816$20,446$467,762
7$733,225$227,250$21,264$484,711
8$762,554$238,102$22,114$502,338
9$793,056$249,388$22,999$520,669
10$824,778$261,125$23,919$539,734
11$857,769$273,332$24,875$559,562
12$892,080$286,027$25,870$580,183
13$927,763$299,230$26,905$601,628
14$964,874$312,961$27,981$623,932
15$1,003,469$327,241$29,101$647,127
16$1,043,608$342,092$30,265$671,251
17$1,085,352$357,537$31,475$696,339
18$1,128,766$373,601$32,734$722,431
19$1,173,917$390,306$34,044$749,567
20$1,220,873$407,680$35,405$777,788
21$1,269,708$425,749$36,822$807,137
22$1,320,496$444,541$38,294$837,661
23$1,373,316$464,084$39,826$869,406
24$1,428,249$484,409$41,419$902,420
25$1,485,379$505,547$43,076$936,755
26$1,544,794$527,531$44,799$972,464
27$1,606,586$550,394$46,591$1,009,601
28$1,670,849$574,171$48,455$1,048,223
29$1,737,683$598,900$50,393$1,088,390
30$1,807,191$624,618$52,409$1,130,164
Total$32,500,000$10,705,974$942,501$20,851,522

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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.