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North Dakota Powerball Jackpot Annuity Payout Schedule for Jul 11, 2020

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The tax information provided here is based on 2021 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 $78,300,000 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 prize money, as well as deductions claimed.

State:

North Dakota

Drawing Date:Sat, Jul 11, 2020
Jackpot:$78,300,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,178,527$400,127$34,177$744,223
2$1,237,454$421,930$35,886$779,637
3$1,299,326$444,823$37,680$816,823
4$1,364,293$468,861$39,564$855,868
5$1,432,507$494,100$41,543$896,865
6$1,504,133$520,601$43,620$939,912
7$1,579,339$548,428$45,801$985,111
8$1,658,306$577,646$48,091$1,032,570
9$1,741,222$608,324$50,495$1,082,402
10$1,828,283$640,537$53,020$1,134,726
11$1,919,697$674,360$55,671$1,189,666
12$2,015,682$709,874$58,455$1,247,352
13$2,116,466$747,165$61,378$1,307,924
14$2,222,289$786,319$64,446$1,371,524
15$2,333,404$827,432$67,669$1,438,303
16$2,450,074$870,600$71,052$1,508,422
17$2,572,577$915,926$74,605$1,582,047
18$2,701,206$963,519$78,335$1,659,353
19$2,836,267$1,013,491$82,252$1,740,524
20$2,978,080$1,065,962$86,364$1,825,754
21$3,126,984$1,121,056$90,683$1,915,245
22$3,283,333$1,178,906$95,217$2,009,211
23$3,447,500$1,239,647$99,977$2,107,875
24$3,619,875$1,303,426$104,976$2,211,472
25$3,800,869$1,370,394$110,225$2,320,250
26$3,990,912$1,440,710$115,736$2,434,466
27$4,190,458$1,514,542$121,523$2,554,393
28$4,399,980$1,592,065$127,599$2,680,316
29$4,619,979$1,673,465$133,979$2,812,535
30$4,850,978$1,758,934$140,678$2,951,366
Total$78,300,000$27,893,170$2,270,697$48,136,135

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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.