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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 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 $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$1,004,646$82,111$1,744,663
2$2,944,677$1,046,551$85,396$1,812,730
3$3,062,464$1,090,132$88,811$1,883,520
4$3,184,962$1,135,456$92,364$1,957,142
5$3,312,361$1,182,594$96,058$2,033,708
6$3,444,855$1,231,617$99,901$2,113,338
7$3,582,649$1,282,600$103,897$2,196,152
8$3,725,955$1,335,624$108,053$2,282,279
9$3,874,993$1,390,768$112,375$2,371,851
10$4,029,993$1,448,118$116,870$2,465,006
11$4,191,193$1,507,762$121,545$2,561,887
12$4,358,841$1,569,791$126,406$2,662,643
13$4,533,194$1,634,302$131,463$2,767,429
14$4,714,522$1,701,393$136,721$2,876,407
15$4,903,103$1,771,168$142,190$2,989,745
16$5,099,227$1,843,734$147,878$3,107,615
17$5,303,196$1,919,203$153,793$3,230,201
18$5,515,324$1,997,690$159,944$3,357,689
19$5,735,937$2,079,317$166,342$3,490,278
20$5,965,374$2,164,209$172,996$3,628,170
21$6,203,989$2,252,496$179,916$3,771,577
22$6,452,149$2,344,315$187,112$3,920,721
23$6,710,235$2,439,807$194,597$4,075,831
24$6,978,644$2,539,119$202,381$4,237,145
25$7,257,790$2,642,403$210,476$4,404,912
26$7,548,102$2,749,818$218,895$4,579,389
27$7,850,026$2,861,530$227,651$4,760,845
28$8,164,027$2,977,710$236,757$4,949,560
29$8,490,588$3,098,538$246,227$5,145,823
30$8,830,211$3,224,198$256,076$5,349,937
Total$158,800,000$57,466,609$4,605,202$96,728,193

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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.