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North Dakota Powerball Jackpot Annuity Payout Schedule for May 14, 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 $81,600,000 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, May 14, 2011
Jackpot:$81,600,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,454,936$494,284$42,193$918,459
2$1,513,134$515,817$43,881$953,436
3$1,573,659$538,211$45,636$989,812
4$1,636,605$561,501$47,462$1,027,642
5$1,702,069$585,723$49,360$1,066,986
6$1,770,152$610,914$51,334$1,107,904
7$1,840,958$637,112$53,388$1,150,459
8$1,914,597$664,358$55,523$1,194,715
9$1,991,181$692,694$57,744$1,240,742
10$2,070,828$722,164$60,054$1,288,610
11$2,153,661$752,812$62,456$1,338,393
12$2,239,807$784,686$64,954$1,390,167
13$2,329,400$817,835$67,553$1,444,012
14$2,422,576$852,310$70,255$1,500,011
15$2,519,479$888,164$73,065$1,558,249
16$2,620,258$925,453$75,987$1,618,818
17$2,725,068$964,232$79,027$1,681,809
18$2,834,071$1,004,563$82,188$1,747,319
19$2,947,434$1,046,508$85,476$1,815,450
20$3,065,331$1,090,130$88,895$1,886,307
21$3,187,944$1,135,497$92,450$1,959,997
22$3,315,462$1,182,678$96,148$2,036,635
23$3,448,080$1,231,747$99,994$2,116,339
24$3,586,004$1,282,779$103,994$2,199,231
25$3,729,444$1,335,851$108,154$2,285,438
26$3,878,621$1,391,047$112,480$2,375,094
27$4,033,766$1,448,451$116,979$2,468,336
28$4,195,117$1,508,151$121,658$2,565,308
29$4,362,922$1,570,238$126,525$2,666,159
30$4,537,439$1,634,810$131,586$2,771,043
Total$81,600,000$28,870,720$2,366,399$50,362,880

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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.