USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Nov 5, 2011

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The tax information provided here is based on 2024 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 $20,000,000 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, Nov 5, 2011
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$356,602$95,185$10,341$251,075
2$370,866$100,178$10,755$259,933
3$385,701$105,370$11,185$269,145
4$401,129$110,770$11,633$278,726
5$417,174$116,386$12,098$288,690
6$433,861$122,226$12,582$299,053
7$451,215$128,300$13,085$309,830
8$469,264$134,617$13,609$321,038
9$488,034$141,187$14,153$332,695
10$507,556$148,019$14,719$344,817
11$527,858$155,125$15,308$357,425
12$548,972$162,515$15,920$370,537
13$570,931$170,201$16,557$384,174
14$593,769$178,194$17,219$398,355
15$617,519$186,670$17,908$412,941
16$642,220$195,809$18,624$427,786
17$667,909$205,314$19,369$443,225
18$694,625$215,199$20,144$459,282
19$722,410$225,480$20,950$475,981
20$751,307$236,171$21,788$493,348
21$781,359$247,291$22,659$511,409
22$812,613$258,855$23,566$530,193
23$845,118$270,881$24,508$549,728
24$878,922$283,389$25,489$570,045
25$914,079$296,397$26,508$591,174
26$950,643$309,925$27,569$613,148
27$988,668$323,995$28,671$636,002
28$1,028,215$338,627$29,818$659,769
29$1,069,344$353,845$31,011$684,488
30$1,112,117$369,671$32,251$710,195
Total$20,000,000$6,185,792$579,997$13,234,207

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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.