USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Jun 12, 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 $45,700,000 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, Jun 12, 2010
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$814,836$257,446$23,630$533,759
2$847,429$269,506$24,575$553,348
3$881,326$282,048$25,558$573,720
4$916,579$295,092$26,581$594,907
5$953,242$308,657$27,644$616,941
6$991,372$322,765$28,750$639,857
7$1,031,027$337,437$29,900$663,690
8$1,072,268$352,696$31,096$688,476
9$1,115,159$368,566$32,340$714,253
10$1,159,765$385,070$33,633$741,062
11$1,206,156$402,235$34,979$768,942
12$1,254,402$420,086$36,378$797,938
13$1,304,578$438,651$37,833$828,094
14$1,356,761$457,959$39,346$859,456
15$1,411,031$478,039$40,920$892,073
16$1,467,473$498,922$42,557$925,994
17$1,526,172$520,641$44,259$961,272
18$1,587,219$543,228$46,029$997,961
19$1,650,707$566,719$47,871$1,036,118
20$1,716,736$591,149$49,785$1,075,801
21$1,785,405$616,557$51,777$1,117,071
22$1,856,821$642,981$53,848$1,159,992
23$1,931,094$670,462$56,002$1,204,630
24$2,008,338$699,042$58,242$1,251,054
25$2,088,671$728,766$60,571$1,299,334
26$2,172,218$759,678$62,994$1,349,546
27$2,259,107$791,827$65,514$1,401,766
28$2,349,471$825,262$68,135$1,456,075
29$2,443,450$860,034$70,860$1,512,556
30$2,541,188$896,197$73,694$1,571,297
Total$45,700,000$15,587,718$1,325,301$28,786,983

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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.