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North Dakota Powerball Jackpot Annuity Payout Schedule for Sep 16, 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 $96,100,000 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, Sep 16, 2009
Jackpot:$96,100,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,713,473$589,942$49,691$1,073,840
2$1,782,011$615,301$51,678$1,115,032
3$1,853,292$641,675$53,745$1,157,871
4$1,927,424$669,104$55,895$1,202,424
5$2,004,521$697,630$58,131$1,248,760
6$2,084,701$727,297$60,456$1,296,948
7$2,168,089$758,150$62,875$1,347,064
8$2,254,813$790,238$65,390$1,399,185
9$2,345,005$823,609$68,005$1,453,391
10$2,438,806$858,315$70,725$1,509,765
11$2,536,358$894,410$73,554$1,568,394
12$2,637,812$931,948$76,497$1,629,368
13$2,743,325$970,987$79,556$1,692,781
14$2,853,058$1,011,589$82,739$1,758,730
15$2,967,180$1,053,814$86,048$1,827,318
16$3,085,867$1,097,728$89,490$1,898,649
17$3,209,302$1,143,399$93,070$1,972,833
18$3,337,674$1,190,897$96,793$2,049,985
19$3,471,181$1,240,294$100,664$2,130,222
20$3,610,028$1,291,668$104,691$2,213,670
21$3,754,429$1,345,096$108,878$2,300,455
22$3,904,606$1,400,662$113,234$2,390,711
23$4,060,791$1,458,450$117,763$2,484,578
24$4,223,222$1,518,550$122,473$2,582,199
25$4,392,151$1,581,053$127,372$2,683,726
26$4,567,837$1,646,057$132,467$2,789,313
27$4,750,551$1,713,661$137,766$2,899,124
28$4,940,573$1,783,969$143,277$3,013,327
29$5,138,196$1,857,090$149,008$3,132,098
30$5,343,724$1,933,135$154,968$3,255,621
Total$96,100,000$34,235,718$2,786,899$59,077,382

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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.