USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Dec 25, 2010

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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 $48,800,000 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, Dec 25, 2010
Jackpot:$48,800,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$870,109$277,898$25,233$566,978
2$904,913$290,775$26,242$587,896
3$941,110$304,168$27,292$609,650
4$978,754$318,096$28,384$632,274
5$1,017,904$332,582$29,519$655,803
6$1,058,620$347,647$30,700$680,274
7$1,100,965$363,314$31,928$705,723
8$1,145,004$379,609$33,205$732,190
9$1,190,804$396,555$34,533$759,716
10$1,238,436$414,179$35,915$788,343
11$1,287,974$432,507$37,351$818,115
12$1,339,493$451,570$38,845$849,078
13$1,393,072$471,394$40,399$881,279
14$1,448,795$492,011$42,015$914,769
15$1,506,747$513,454$43,696$949,598
16$1,567,017$535,753$45,443$985,820
17$1,629,698$558,945$47,261$1,023,491
18$1,694,885$583,065$49,152$1,062,669
19$1,762,681$608,149$51,118$1,103,414
20$1,833,188$634,237$53,162$1,145,789
21$1,906,516$661,368$55,289$1,189,859
22$1,982,776$689,584$57,501$1,235,691
23$2,062,087$718,930$59,801$1,283,357
24$2,144,571$749,448$62,193$1,332,930
25$2,230,354$781,188$64,680$1,384,485
26$2,319,568$814,197$67,267$1,438,103
27$2,412,350$848,527$69,958$1,493,865
28$2,508,844$884,230$72,756$1,551,858
29$2,609,198$921,361$75,667$1,612,171
30$2,713,566$959,977$78,693$1,674,896
Total$48,800,000$16,734,718$1,415,198$30,650,084

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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.