USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Apr 13, 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 $28,000,000 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:Wed, Apr 13, 2011
Jackpot:$28,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$499,243$143,504$14,478$341,261
2$519,212$150,494$15,057$353,662
3$539,981$157,763$15,659$366,559
4$561,580$165,322$16,286$379,972
5$584,043$173,184$16,937$393,922
6$607,405$181,361$17,615$408,429
7$631,701$189,865$18,319$423,517
8$656,969$199,036$19,052$438,881
9$683,248$208,759$19,814$454,675
10$710,578$218,871$20,607$471,100
11$739,001$229,388$21,431$488,183
12$768,561$240,325$22,288$505,948
13$799,304$251,700$23,180$524,424
14$831,276$263,529$24,107$543,640
15$864,527$275,832$25,071$563,623
16$899,108$288,627$26,074$584,407
17$935,072$301,934$27,117$606,021
18$972,475$315,773$28,202$628,500
19$1,011,374$330,166$29,330$651,879
20$1,051,829$345,134$30,503$676,192
21$1,093,902$360,701$31,723$701,478
22$1,137,658$376,891$32,992$727,776
23$1,183,165$393,728$34,312$755,125
24$1,230,491$411,239$35,684$783,568
25$1,279,711$429,450$37,112$813,149
26$1,330,900$448,390$38,596$843,913
27$1,384,136$468,087$40,140$875,908
28$1,439,501$488,573$41,746$909,183
29$1,497,081$509,877$43,415$943,788
30$1,556,964$532,034$45,152$979,778
Total$28,000,000$9,049,537$811,999$18,138,461

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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.