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North Dakota Powerball Jackpot Annuity Payout Schedule for Oct 4, 2014

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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 $60,000,000 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:Sat, Oct 4, 2014
Jackpot:$60,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,069,806$352,848$31,024$685,933
2$1,112,598$368,682$32,265$711,651
3$1,157,102$385,148$33,556$738,398
4$1,203,386$402,273$34,898$766,215
5$1,251,522$420,083$36,294$795,144
6$1,301,583$438,606$37,746$825,231
7$1,353,646$457,869$39,256$856,521
8$1,407,792$477,903$40,826$889,063
9$1,464,103$498,738$42,459$922,906
10$1,522,667$520,407$44,157$958,103
11$1,583,574$542,943$45,924$994,708
12$1,646,917$566,380$47,761$1,032,777
13$1,712,794$590,754$49,671$1,072,369
14$1,781,306$616,103$51,658$1,113,544
15$1,852,558$642,467$53,724$1,156,367
16$1,926,660$669,884$55,873$1,200,902
17$2,003,726$698,399$58,108$1,247,219
18$2,083,876$728,054$60,432$1,295,389
19$2,167,231$758,896$62,850$1,345,485
20$2,253,920$790,971$65,364$1,397,586
21$2,344,077$824,329$67,978$1,451,770
22$2,437,840$859,021$70,697$1,508,121
23$2,535,353$895,101$73,525$1,566,727
24$2,636,767$932,624$76,466$1,627,677
25$2,742,238$971,648$79,525$1,691,065
26$2,851,928$1,012,233$82,706$1,756,988
27$2,966,005$1,054,442$86,014$1,825,549
28$3,084,645$1,098,339$89,455$1,896,851
29$3,208,031$1,143,992$93,033$1,971,006
30$3,336,352$1,191,470$96,754$2,048,127
Total$60,000,000$20,910,607$1,739,999$37,349,392

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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.