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North Dakota Powerball Jackpot Annuity Payout Schedule for Aug 21, 2013

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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 $72,000,000 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, Aug 21, 2013
Jackpot:$72,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,283,767$430,951$37,229$815,587
2$1,335,118$449,951$38,718$846,449
3$1,388,523$469,711$40,267$878,545
4$1,444,063$490,261$41,878$911,925
5$1,501,826$511,633$43,553$946,640
6$1,561,899$533,860$45,295$982,744
7$1,624,375$556,976$47,107$1,020,292
8$1,689,350$581,017$48,991$1,059,342
9$1,756,924$606,019$50,951$1,099,954
10$1,827,201$632,022$52,989$1,142,191
11$1,900,289$659,064$55,108$1,186,116
12$1,976,301$687,188$57,313$1,231,799
13$2,055,353$716,438$59,605$1,279,310
14$2,137,567$746,857$61,989$1,328,720
15$2,223,069$778,493$64,469$1,380,107
16$2,311,992$811,394$67,048$1,433,550
17$2,404,472$845,612$69,730$1,489,130
18$2,500,651$881,198$72,519$1,546,934
19$2,600,677$918,208$75,420$1,607,049
20$2,704,704$956,698$78,436$1,669,570
21$2,812,892$996,727$81,574$1,734,591
22$2,925,408$1,038,358$84,837$1,802,213
23$3,042,424$1,081,654$88,230$1,872,539
24$3,164,121$1,126,682$91,760$1,945,679
25$3,290,686$1,173,511$95,430$2,021,745
26$3,422,313$1,222,213$99,247$2,100,853
27$3,559,206$1,272,863$103,217$2,183,125
28$3,701,574$1,325,540$107,346$2,268,689
29$3,849,637$1,380,323$111,639$2,357,674
30$4,003,622$1,437,297$116,105$2,450,220
Total$72,000,000$25,318,719$2,088,000$44,593,282

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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.