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North Dakota Powerball Jackpot Annuity Payout Schedule for Jun 2, 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 $158,800,000 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, Jun 2, 2012
Jackpot:$158,800,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,831,420$1,005,813$82,111$1,743,496
2$2,944,677$1,047,718$85,396$1,811,563
3$3,062,464$1,091,299$88,811$1,882,353
4$3,184,962$1,136,624$92,364$1,955,974
5$3,312,361$1,183,761$96,058$2,032,541
6$3,444,855$1,232,784$99,901$2,112,170
7$3,582,649$1,283,768$103,897$2,194,984
8$3,725,955$1,336,791$108,053$2,281,111
9$3,874,993$1,391,935$112,375$2,370,683
10$4,029,993$1,449,285$116,870$2,463,838
11$4,191,193$1,508,929$121,545$2,560,719
12$4,358,841$1,570,959$126,406$2,661,475
13$4,533,194$1,635,470$131,463$2,766,262
14$4,714,522$1,702,561$136,721$2,875,240
15$4,903,103$1,772,336$142,190$2,988,577
16$5,099,227$1,844,902$147,878$3,106,448
17$5,303,196$1,920,370$153,793$3,229,033
18$5,515,324$1,998,858$159,944$3,356,522
19$5,735,937$2,080,484$166,342$3,489,110
20$5,965,374$2,165,376$172,996$3,627,002
21$6,203,989$2,253,664$179,916$3,770,410
22$6,452,149$2,345,483$187,112$3,919,554
23$6,710,235$2,440,975$194,597$4,074,663
24$6,978,644$2,540,286$202,381$4,235,977
25$7,257,790$2,643,570$210,476$4,403,744
26$7,548,102$2,750,985$218,895$4,578,221
27$7,850,026$2,862,697$227,651$4,759,678
28$8,164,027$2,978,878$236,757$4,948,392
29$8,490,588$3,099,705$246,227$5,144,656
30$8,830,211$3,225,366$256,076$5,348,769
Total$158,800,000$57,501,632$4,605,202$96,693,165

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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.