USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Mar 24, 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 $45,200,000 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, Mar 24, 2010
Jackpot:$45,200,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$805,920$254,148$23,372$528,401
2$838,157$266,075$24,307$547,775
3$871,684$278,480$25,279$567,925
4$906,551$291,381$26,290$588,880
5$942,813$304,798$27,342$610,673
6$980,525$318,752$28,435$633,339
7$1,019,747$333,263$29,573$656,910
8$1,060,536$348,356$30,756$681,425
9$1,102,958$364,052$31,986$706,920
10$1,147,076$380,375$33,265$733,436
11$1,192,959$397,352$34,596$761,011
12$1,240,678$415,008$35,980$789,690
13$1,290,305$433,370$37,419$819,516
14$1,341,917$452,466$38,916$850,535
15$1,395,594$472,327$40,472$882,794
16$1,451,417$492,982$42,091$916,345
17$1,509,474$514,463$43,775$951,237
18$1,569,853$536,803$45,526$987,524
19$1,632,647$560,037$47,347$1,025,264
20$1,697,953$584,200$49,241$1,064,512
21$1,765,871$609,330$51,210$1,105,331
22$1,836,506$635,464$53,259$1,147,783
23$1,909,966$662,645$55,389$1,191,932
24$1,986,365$690,912$57,605$1,237,848
25$2,065,819$720,310$59,909$1,285,600
26$2,148,452$750,885$62,305$1,335,262
27$2,234,390$782,682$64,797$1,386,911
28$2,323,766$815,751$67,389$1,440,626
29$2,416,716$850,142$70,085$1,496,489
30$2,513,385$885,910$72,888$1,554,587
Total$45,200,000$15,402,719$1,310,804$28,486,481

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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.