USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Aug 17, 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 $25,000,000 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, Aug 17, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$125,561$12,927$307,265
2$463,583$131,801$13,444$318,338
3$482,126$138,291$13,982$329,853
4$501,411$145,041$14,541$341,829
5$521,467$152,061$15,123$354,284
6$542,326$159,361$15,727$367,237
7$564,019$166,954$16,357$380,709
8$586,580$174,850$17,011$394,719
9$610,043$183,062$17,691$409,289
10$634,445$191,765$18,399$424,281
11$659,823$201,155$19,135$439,533
12$686,215$210,920$19,900$455,395
13$713,664$221,076$20,696$471,892
14$742,211$231,638$21,524$489,048
15$771,899$242,623$22,385$506,891
16$802,775$254,047$23,280$525,448
17$834,886$265,928$24,212$544,746
18$868,281$278,284$25,180$564,817
19$903,013$291,135$26,187$585,690
20$939,133$304,500$27,235$607,399
21$976,699$318,399$28,324$629,976
22$1,015,767$332,854$29,457$653,455
23$1,056,397$347,887$30,636$677,874
24$1,098,653$363,522$31,861$703,270
25$1,142,599$379,782$33,135$729,682
26$1,188,303$396,692$34,461$757,150
27$1,235,835$414,279$35,839$785,717
28$1,285,269$432,570$37,273$815,426
29$1,336,679$451,592$38,764$846,324
30$1,390,147$471,374$40,314$878,458
Total$25,000,000$7,979,004$725,000$16,295,995

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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.