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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 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 $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$391,772$34,075$749,157
2$1,222,004$409,162$35,438$777,404
3$1,270,884$427,247$36,856$806,781
4$1,321,719$446,056$38,330$837,333
5$1,374,588$465,618$39,863$869,107
6$1,429,571$485,962$41,458$902,152
7$1,486,754$507,119$43,116$936,519
8$1,546,224$529,123$44,841$972,261
9$1,608,073$552,007$46,634$1,009,432
10$1,672,396$575,807$48,499$1,048,090
11$1,739,292$600,558$50,439$1,088,294
12$1,808,864$626,300$52,457$1,130,107
13$1,881,219$653,071$54,555$1,173,592
14$1,956,467$680,913$56,738$1,218,817
15$2,034,726$709,869$59,007$1,265,850
16$2,116,115$739,983$61,367$1,314,765
17$2,200,760$771,301$63,822$1,365,636
18$2,288,790$803,873$66,375$1,418,543
19$2,380,342$837,747$69,030$1,473,565
20$2,475,555$872,976$71,791$1,530,788
21$2,574,577$909,614$74,663$1,590,301
22$2,677,561$947,718$77,649$1,652,194
23$2,784,663$987,346$80,755$1,716,562
24$2,896,049$1,028,559$83,985$1,783,505
25$3,011,891$1,071,420$87,345$1,853,127
26$3,132,367$1,115,996$90,839$1,925,532
27$3,257,662$1,162,355$94,472$2,000,834
28$3,387,968$1,210,569$98,251$2,079,149
29$3,523,487$1,260,710$102,181$2,160,595
30$3,664,426$1,312,858$106,268$2,245,300
Total$65,900,000$23,093,609$1,911,099$40,895,292

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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.