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North Dakota Powerball Jackpot Annuity Payout Schedule for Jan 14, 2012

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The tax information provided here is based on 2024 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 $65,900,000 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, Jan 14, 2012
Jackpot:$65,900,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,175,004$392,939$34,075$747,989
2$1,222,004$410,329$35,438$776,236
3$1,270,884$428,415$36,856$805,613
4$1,321,719$447,224$38,330$836,165
5$1,374,588$466,785$39,863$867,940
6$1,429,571$487,129$41,458$900,985
7$1,486,754$508,287$43,116$935,352
8$1,546,224$530,291$44,841$971,093
9$1,608,073$553,175$46,634$1,008,264
10$1,672,396$576,974$48,499$1,046,922
11$1,739,292$601,726$50,439$1,087,127
12$1,808,864$627,467$52,457$1,128,939
13$1,881,219$654,239$54,555$1,172,425
14$1,956,467$682,081$56,738$1,217,649
15$2,034,726$711,036$59,007$1,264,683
16$2,116,115$741,150$61,367$1,313,597
17$2,200,760$772,469$63,822$1,364,469
18$2,288,790$805,040$66,375$1,417,375
19$2,380,342$838,914$69,030$1,472,398
20$2,475,555$874,143$71,791$1,529,621
21$2,574,577$910,781$74,663$1,589,133
22$2,677,561$948,885$77,649$1,651,026
23$2,784,663$988,513$80,755$1,715,395
24$2,896,049$1,029,726$83,985$1,782,338
25$3,011,891$1,072,588$87,345$1,851,959
26$3,132,367$1,117,164$90,839$1,924,365
27$3,257,662$1,163,523$94,472$1,999,667
28$3,387,968$1,211,736$98,251$2,077,981
29$3,523,487$1,261,878$102,181$2,159,428
30$3,664,426$1,314,026$106,268$2,244,133
Total$65,900,000$23,128,633$1,911,099$40,860,267

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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.