USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Mar 9, 2011

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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 $39,500,000 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 9, 2011
Jackpot:$39,500,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$704,289$216,544$20,424$467,320
2$732,460$226,968$21,241$484,251
3$761,759$237,808$22,091$501,860
4$792,229$249,082$22,975$520,173
5$823,918$260,807$23,894$539,218
6$856,875$273,001$24,849$559,025
7$891,150$285,683$25,843$579,624
8$926,796$298,872$26,877$601,047
9$963,868$312,588$27,952$623,327
10$1,002,423$326,854$29,070$646,499
11$1,042,520$341,690$30,233$670,597
12$1,084,220$357,119$31,442$695,659
13$1,127,589$373,165$32,700$721,724
14$1,172,693$389,854$34,008$748,831
15$1,219,601$407,209$35,368$777,023
16$1,268,385$425,260$36,783$806,342
17$1,319,120$444,032$38,254$836,834
18$1,371,885$463,555$39,785$868,545
19$1,426,760$483,858$41,376$901,526
20$1,483,831$504,975$43,031$935,825
21$1,543,184$526,935$44,752$971,496
22$1,604,911$549,774$46,542$1,008,594
23$1,669,108$573,527$48,404$1,047,176
24$1,735,872$598,230$50,340$1,087,302
25$1,805,307$623,921$52,354$1,129,032
26$1,877,519$650,639$54,448$1,172,432
27$1,952,620$678,427$56,626$1,217,567
28$2,030,725$707,325$58,891$1,264,508
29$2,111,954$737,380$61,247$1,313,327
30$2,196,432$768,637$63,697$1,364,098
Total$39,500,000$13,293,719$1,145,497$25,060,782

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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.