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North Dakota Powerball Jackpot Annuity Payout Schedule for Sep 26, 2012

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The tax information provided here is based on 2026 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 $202,100,000 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, Sep 26, 2012
Jackpot:$202,100,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,603,463$1,289,239$104,500$2,209,724
2$3,747,602$1,342,570$108,680$2,296,351
3$3,897,506$1,398,034$113,028$2,386,444
4$4,053,406$1,455,717$117,549$2,480,140
5$4,215,542$1,515,708$122,251$2,577,584
6$4,384,164$1,578,098$127,141$2,678,925
7$4,559,530$1,642,983$132,226$2,784,320
8$4,741,912$1,710,465$137,515$2,893,932
9$4,931,588$1,780,645$143,016$3,007,927
10$5,128,852$1,853,632$148,737$3,126,483
11$5,334,006$1,929,539$154,686$3,249,780
12$5,547,366$2,008,483$160,874$3,378,010
13$5,769,260$2,090,584$167,309$3,511,368
14$6,000,031$2,175,969$174,001$3,650,061
15$6,240,032$2,264,769$180,961$3,794,302
16$6,489,633$2,357,122$188,199$3,944,312
17$6,749,219$2,453,168$195,727$4,100,323
18$7,019,187$2,553,057$203,556$4,262,574
19$7,299,955$2,656,941$211,699$4,431,316
20$7,591,953$2,764,980$220,167$4,606,807
21$7,895,631$2,877,341$228,973$4,789,317
22$8,211,457$2,994,196$238,132$4,979,128
23$8,539,915$3,115,726$247,658$5,176,532
24$8,881,511$3,242,116$257,564$5,381,831
25$9,236,772$3,373,563$267,866$5,595,343
26$9,606,243$3,510,267$278,581$5,817,395
27$9,990,492$3,652,439$289,724$6,048,329
28$10,390,112$3,800,299$301,313$6,288,500
29$10,805,717$3,954,072$313,366$6,538,278
30$11,237,945$4,113,997$325,900$6,798,048
Total$202,100,000$73,455,719$5,860,899$122,783,384

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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.