USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Sep 5, 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 $134,100,000 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 5, 2015
Jackpot:$134,100,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,391,016$842,864$69,339$1,478,813
2$2,486,657$878,251$72,113$1,536,293
3$2,586,123$915,053$74,998$1,596,072
4$2,689,568$953,328$77,997$1,658,243
5$2,797,151$993,134$81,117$1,722,900
6$2,909,037$1,034,531$84,362$1,790,143
7$3,025,398$1,077,585$87,737$1,860,077
8$3,146,414$1,122,361$91,246$1,932,807
9$3,272,271$1,168,928$94,896$2,008,447
10$3,403,162$1,217,358$98,692$2,087,112
11$3,539,288$1,267,724$102,639$2,168,924
12$3,680,860$1,320,106$106,745$2,254,009
13$3,828,094$1,374,583$111,015$2,342,497
14$3,981,218$1,431,238$115,455$2,434,524
15$4,140,467$1,490,160$120,074$2,530,233
16$4,306,085$1,551,439$124,876$2,629,769
17$4,478,329$1,615,169$129,872$2,733,288
18$4,657,462$1,681,449$135,066$2,840,947
19$4,843,760$1,750,379$140,469$2,952,912
20$5,037,511$1,822,067$146,088$3,069,356
21$5,239,011$1,896,622$151,931$3,190,458
22$5,448,572$1,974,159$158,009$3,316,404
23$5,666,514$2,054,798$164,329$3,447,387
24$5,893,175$2,138,663$170,902$3,583,610
25$6,128,902$2,225,881$177,738$3,725,282
26$6,374,058$2,316,589$184,848$3,872,621
27$6,629,020$2,410,925$192,242$4,025,854
28$6,894,181$2,509,035$199,931$4,185,215
29$7,169,948$2,611,069$207,929$4,350,951
30$7,456,746$2,717,184$216,246$4,523,317
Total$134,100,000$48,362,632$3,888,901$81,848,465

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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.