USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for May 13, 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 $131,100,000 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:Wed, May 13, 2009
Jackpot:$131,100,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,337,526$820,842$67,788$1,448,896
2$2,431,027$855,437$70,500$1,505,090
3$2,528,268$891,416$73,320$1,563,532
4$2,629,399$928,835$76,253$1,624,311
5$2,734,575$967,750$79,303$1,687,522
6$2,843,958$1,008,222$82,475$1,753,261
7$2,957,716$1,050,312$85,774$1,821,630
8$3,076,025$1,094,086$89,205$1,892,734
9$3,199,066$1,139,612$92,773$1,966,681
10$3,327,028$1,186,958$96,484$2,043,587
11$3,460,109$1,236,198$100,343$2,123,569
12$3,598,514$1,287,407$104,357$2,206,750
13$3,742,454$1,340,665$108,531$2,293,258
14$3,892,153$1,396,054$112,872$2,383,226
15$4,047,839$1,453,658$117,387$2,476,794
16$4,209,752$1,513,566$122,083$2,574,104
17$4,378,142$1,575,870$126,966$2,675,306
18$4,553,268$1,640,666$132,045$2,780,557
19$4,735,399$1,708,055$137,327$2,890,017
20$4,924,815$1,778,139$142,820$3,003,856
21$5,121,807$1,851,026$148,532$3,122,249
22$5,326,680$1,926,829$154,474$3,245,377
23$5,539,747$2,005,664$160,653$3,373,431
24$5,761,337$2,087,652$167,079$3,506,606
25$5,991,790$2,172,920$173,762$3,645,109
26$6,231,462$2,261,598$180,712$3,789,151
27$6,480,720$2,353,824$187,941$3,938,956
28$6,739,949$2,449,738$195,459$4,094,752
29$7,009,547$2,549,490$203,277$4,256,780
30$7,289,929$2,653,231$211,408$4,425,290
Total$131,100,000$47,185,720$3,801,903$80,112,382

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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.