USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Sep 1, 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 $34,700,000 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:Wed, Sep 1, 2010
Jackpot:$34,700,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$618,704$185,316$17,942$415,446
2$643,453$194,035$18,660$430,758
3$669,191$203,558$19,407$446,226
4$695,958$213,462$20,183$462,314
5$723,797$223,762$20,990$479,045
6$752,749$234,474$21,830$496,445
7$782,858$245,615$22,703$514,541
8$814,173$257,201$23,611$533,361
9$846,740$269,251$24,555$552,933
10$880,609$281,783$25,538$573,289
11$915,834$294,816$26,559$594,459
12$952,467$308,370$27,622$616,475
13$990,566$322,467$28,726$639,373
14$1,030,188$337,127$29,875$663,186
15$1,071,396$352,374$31,070$687,952
16$1,114,252$368,230$32,313$713,708
17$1,158,822$384,721$33,606$740,495
18$1,205,175$401,872$34,950$768,353
19$1,253,382$419,708$36,348$797,325
20$1,303,517$438,259$37,802$827,456
21$1,355,658$457,551$39,314$858,793
22$1,409,884$477,614$40,887$891,383
23$1,466,279$498,481$42,522$925,277
24$1,524,930$520,182$44,223$960,526
25$1,585,928$542,750$45,992$997,185
26$1,649,365$566,222$47,832$1,035,311
27$1,715,339$590,633$49,745$1,074,962
28$1,783,953$616,020$51,735$1,116,198
29$1,855,311$642,422$53,804$1,159,085
30$1,929,523$669,881$55,956$1,203,686
Total$34,700,000$11,518,157$1,006,300$22,175,546

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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.