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North Dakota Powerball Jackpot Annuity Payout Schedule for Sep 14, 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 $301,400,000 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, Sep 14, 2013
Jackpot:$301,400,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,373,992$1,944,334$155,846$3,273,812
2$5,588,952$2,023,869$162,080$3,403,003
3$5,812,510$2,106,586$168,563$3,537,361
4$6,045,010$2,192,611$175,305$3,677,094
5$6,286,810$2,282,077$182,318$3,822,416
6$6,538,283$2,375,122$189,610$3,973,551
7$6,799,814$2,471,888$197,195$4,130,731
8$7,071,807$2,572,526$205,082$4,294,199
9$7,354,679$2,677,188$213,286$4,464,205
10$7,648,866$2,786,038$221,817$4,641,011
11$7,954,821$2,899,241$230,690$4,824,890
12$8,273,014$3,016,972$239,917$5,016,124
13$8,603,934$3,139,413$249,514$5,215,007
14$8,948,092$3,266,751$259,495$5,421,846
15$9,306,015$3,399,183$269,874$5,636,958
16$9,678,256$3,536,912$280,669$5,860,674
17$10,065,386$3,680,150$291,896$6,093,340
18$10,468,001$3,829,118$303,572$6,335,312
19$10,886,722$3,984,044$315,715$6,586,962
20$11,322,190$4,145,168$328,344$6,848,679
21$11,775,078$4,312,736$341,477$7,120,865
22$12,246,081$4,487,007$355,136$7,403,937
23$12,735,924$4,668,249$369,342$7,698,333
24$13,245,361$4,856,741$384,115$8,004,505
25$13,775,176$5,052,772$399,480$8,322,923
26$14,326,183$5,256,645$415,459$8,654,079
27$14,899,230$5,468,672$432,078$8,998,480
28$15,495,199$5,689,181$449,361$9,356,658
29$16,115,007$5,918,510$467,335$9,729,162
30$16,759,608$6,157,012$486,029$10,116,567
Total$301,400,000$110,196,716$8,740,600$182,462,684

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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.