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North Dakota Powerball Jackpot Annuity Payout Schedule for Dec 24, 2011

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The tax information provided here is based on 2025 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 $128,800,000 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 24, 2011
Jackpot:$128,800,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,296,517$806,731$66,599$1,423,186
2$2,388,377$840,720$69,263$1,478,395
3$2,483,913$876,068$72,033$1,535,811
4$2,583,269$912,830$74,915$1,595,524
5$2,686,600$951,062$77,911$1,657,626
6$2,794,064$990,824$81,028$1,722,212
7$2,905,826$1,032,176$84,269$1,789,381
8$3,022,059$1,075,182$87,640$1,859,237
9$3,142,942$1,119,909$91,145$1,931,888
10$3,268,659$1,166,424$94,791$2,007,444
11$3,399,406$1,214,800$98,583$2,086,023
12$3,535,382$1,265,112$102,526$2,167,744
13$3,676,797$1,317,435$106,627$2,252,735
14$3,823,869$1,371,852$110,892$2,341,125
15$3,976,824$1,428,445$115,328$2,433,051
16$4,135,897$1,487,302$119,941$2,528,654
17$4,301,333$1,548,513$124,739$2,628,081
18$4,473,386$1,612,173$129,728$2,731,485
19$4,652,322$1,678,379$134,917$2,839,025
20$4,838,414$1,747,234$140,314$2,950,867
21$5,031,951$1,818,842$145,927$3,067,182
22$5,233,229$1,893,315$151,764$3,188,150
23$5,442,558$1,970,767$157,834$3,313,957
24$5,660,261$2,051,317$164,148$3,444,796
25$5,886,671$2,135,089$170,713$3,580,869
26$6,122,138$2,222,211$177,542$3,722,385
27$6,367,023$2,312,819$184,644$3,869,561
28$6,621,704$2,407,051$192,029$4,022,624
29$6,886,572$2,505,052$199,711$4,181,810
30$7,162,035$2,606,973$207,699$4,347,363
Total$128,800,000$46,366,607$3,735,200$78,698,191

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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.