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North Dakota Powerball Jackpot Annuity Payout Schedule for Oct 6, 2010

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The tax information provided here is based on 2025 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 $61,500,000 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, Oct 6, 2010
Jackpot:$61,500,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,096,551$362,744$31,800$702,007
2$1,140,413$378,973$33,072$728,368
3$1,186,030$395,851$34,395$755,784
4$1,233,471$413,404$35,771$784,296
5$1,282,810$431,660$37,201$813,948
6$1,334,122$450,645$38,690$844,787
7$1,387,487$470,390$40,237$876,859
8$1,442,986$490,925$41,847$910,215
9$1,500,706$512,281$43,520$944,904
10$1,560,734$534,492$45,261$980,981
11$1,623,163$557,591$47,072$1,018,501
12$1,688,090$581,614$48,955$1,057,522
13$1,755,614$606,597$50,913$1,098,104
14$1,825,838$632,580$52,949$1,140,308
15$1,898,872$659,603$55,067$1,184,202
16$1,974,827$687,706$57,270$1,229,851
17$2,053,820$716,934$59,561$1,277,325
18$2,135,972$747,330$61,943$1,326,699
19$2,221,411$778,942$64,421$1,378,048
20$2,310,268$811,819$66,998$1,431,451
21$2,402,678$846,011$69,678$1,486,990
22$2,498,786$881,571$72,465$1,544,750
23$2,598,737$918,553$75,363$1,604,821
24$2,702,687$957,014$78,378$1,667,294
25$2,810,794$997,014$81,513$1,732,267
26$2,923,226$1,038,614$84,774$1,799,838
27$3,040,155$1,081,878$88,164$1,870,113
28$3,161,761$1,126,872$91,691$1,943,198
29$3,288,231$1,173,666$95,359$2,019,207
30$3,419,761$1,222,332$99,173$2,098,256
Total$61,500,000$21,465,606$1,783,501$38,250,894

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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.