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North Dakota Powerball Jackpot Annuity Payout Schedule for Apr 23, 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 $74,000,000 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, Apr 23, 2011
Jackpot:$74,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,319,427$445,208$38,263$835,956
2$1,372,204$464,736$39,794$867,675
3$1,427,093$485,045$41,386$900,662
4$1,484,176$506,165$43,041$934,970
5$1,543,543$528,131$44,763$970,649
6$1,605,285$550,976$46,553$1,007,756
7$1,669,497$574,734$48,415$1,046,347
8$1,736,276$599,443$50,352$1,086,482
9$1,805,727$625,139$52,366$1,128,222
10$1,877,957$651,864$54,461$1,171,632
11$1,953,075$679,658$56,639$1,216,778
12$2,031,198$708,563$58,905$1,263,730
13$2,112,446$738,625$61,261$1,312,560
14$2,196,944$769,889$63,711$1,363,343
15$2,284,821$802,404$66,260$1,416,157
16$2,376,214$836,219$68,910$1,471,084
17$2,471,263$871,387$71,667$1,528,209
18$2,570,113$907,962$74,533$1,587,618
19$2,672,918$946,000$77,515$1,649,403
20$2,779,834$985,559$80,615$1,713,660
21$2,891,028$1,026,701$83,840$1,780,487
22$3,006,669$1,069,488$87,193$1,849,988
23$3,126,936$1,113,986$90,681$1,922,268
24$3,252,013$1,160,265$94,308$1,997,440
25$3,382,094$1,208,395$98,081$2,075,618
26$3,517,377$1,258,450$102,004$2,156,924
27$3,658,072$1,310,507$106,084$2,241,481
28$3,804,395$1,364,647$110,327$2,329,421
29$3,956,571$1,420,952$114,741$2,420,879
30$4,114,834$1,479,509$119,330$2,515,995
Total$74,000,000$26,090,607$2,145,999$45,763,394

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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.