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North Dakota Powerball Jackpot Annuity Payout Schedule for Mar 21, 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 $68,300,000 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, Mar 21, 2009
Jackpot:$68,300,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,217,796$406,542$35,316$775,938
2$1,266,508$424,565$36,729$805,214
3$1,317,168$443,309$38,198$835,661
4$1,369,855$462,803$39,726$867,325
5$1,424,649$483,077$41,315$900,257
6$1,481,635$504,162$42,967$934,505
7$1,540,900$526,090$44,686$970,124
8$1,602,536$548,896$46,474$1,007,167
9$1,666,638$572,613$48,332$1,045,692
10$1,733,303$597,279$50,266$1,085,758
11$1,802,635$622,932$52,276$1,127,427
12$1,874,741$649,611$54,367$1,170,762
13$1,949,730$677,357$56,542$1,215,831
14$2,027,719$706,213$58,804$1,262,702
15$2,108,828$736,224$61,156$1,311,449
16$2,193,181$767,434$63,602$1,362,145
17$2,280,909$799,893$66,146$1,414,869
18$2,372,145$833,651$68,792$1,469,702
19$2,467,031$868,759$71,544$1,526,728
20$2,565,712$905,271$74,406$1,586,036
21$2,668,340$943,243$77,382$1,647,715
22$2,775,074$982,735$80,477$1,711,862
23$2,886,077$1,023,806$83,696$1,778,575
24$3,001,520$1,066,520$87,044$1,847,956
25$3,121,581$1,110,942$90,526$1,920,113
26$3,246,444$1,157,142$94,147$1,995,156
27$3,376,302$1,205,189$97,913$2,073,200
28$3,511,354$1,255,158$101,829$2,154,367
29$3,651,808$1,307,126$105,902$2,238,779
30$3,797,881$1,361,173$110,139$2,326,569
Total$68,300,000$23,949,715$1,980,699$42,369,584

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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.