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North Dakota Powerball Jackpot Annuity Payout Schedule for Jun 20, 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 $80,000,000 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, Jun 20, 2015
Jackpot:$80,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,426,408$485,959$41,366$899,083
2$1,483,464$507,070$43,020$933,374
3$1,542,803$529,025$44,741$969,037
4$1,604,515$551,858$46,531$1,006,126
5$1,668,696$575,605$48,392$1,044,698
6$1,735,443$600,302$50,328$1,084,814
7$1,804,861$625,986$52,341$1,126,534
8$1,877,056$652,698$54,435$1,169,923
9$1,952,138$680,479$56,612$1,215,047
10$2,030,223$709,370$58,876$1,261,976
11$2,111,432$739,418$61,232$1,310,783
12$2,195,889$770,667$63,681$1,361,542
13$2,283,725$803,166$66,228$1,414,331
14$2,375,074$836,965$68,877$1,469,232
15$2,470,077$872,116$71,632$1,526,329
16$2,568,880$908,673$74,498$1,585,709
17$2,671,635$946,693$77,477$1,647,465
18$2,778,501$986,233$80,577$1,711,691
19$2,889,641$1,027,355$83,800$1,778,486
20$3,005,226$1,070,122$87,152$1,847,953
21$3,125,435$1,114,599$90,638$1,920,199
22$3,250,453$1,160,855$94,263$1,995,334
23$3,380,471$1,208,962$98,034$2,073,475
24$3,515,690$1,258,993$101,955$2,154,742
25$3,656,317$1,311,025$106,033$2,239,259
26$3,802,570$1,365,139$110,275$2,327,157
27$3,954,673$1,421,417$114,686$2,418,571
28$4,112,860$1,479,946$119,273$2,513,641
29$4,277,374$1,540,816$124,044$2,612,514
30$4,448,469$1,604,121$129,006$2,715,342
Total$80,000,000$28,345,633$2,320,003$49,334,367

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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.