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North Dakota Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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The tax information provided here is based on 2024 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 $235,200,000 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, Jan 24, 2015
Jackpot:$235,200,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,509,834$121,616$2,562,189
2$4,361,385$1,571,900$126,480$2,663,005
3$4,535,840$1,636,449$131,539$2,767,852
4$4,717,274$1,703,579$136,801$2,876,894
5$4,905,965$1,773,395$142,273$2,990,297
6$5,102,203$1,846,003$147,964$3,108,237
7$5,306,292$1,921,516$153,882$3,230,893
8$5,518,543$2,000,049$160,038$3,358,457
9$5,739,285$2,081,723$166,439$3,491,123
10$5,968,856$2,166,665$173,097$3,629,095
11$6,207,611$2,255,004$180,021$3,772,586
12$6,455,915$2,346,876$187,222$3,921,817
13$6,714,152$2,442,424$194,710$4,077,017
14$6,982,718$2,541,793$202,499$4,238,426
15$7,262,026$2,645,138$210,599$4,406,290
16$7,552,507$2,752,616$219,023$4,580,869
17$7,854,608$2,864,393$227,784$4,762,432
18$8,168,792$2,980,641$236,895$4,951,256
19$8,495,544$3,101,539$246,371$5,147,634
20$8,835,366$3,227,273$256,226$5,351,867
21$9,188,780$3,358,036$266,475$5,564,269
22$9,556,331$3,494,030$277,134$5,785,167
23$9,938,585$3,635,464$288,219$6,014,902
24$10,336,128$3,782,555$299,748$6,253,825
25$10,749,573$3,935,530$311,738$6,502,306
26$11,179,556$4,094,623$324,207$6,760,725
27$11,626,738$4,260,081$337,175$7,029,482
28$12,091,808$4,432,157$350,662$7,308,989
29$12,575,480$4,611,115$364,689$7,599,676
30$13,078,499$4,797,233$379,276$7,901,990
Total$235,200,000$85,769,634$6,820,802$142,609,567

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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.