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North Dakota Powerball Jackpot Annuity Payout Schedule for Jun 5, 2021

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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 $285,600,000 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, Jun 5, 2021
Jackpot:$285,600,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,298,690$1,554,587$124,662$2,619,440
2$4,513,624$1,634,113$130,895$2,748,616
3$4,739,306$1,717,615$137,440$2,884,250
4$4,976,271$1,805,293$144,312$3,026,667
5$5,225,084$1,897,353$151,527$3,176,203
6$5,486,339$1,994,018$159,104$3,333,217
7$5,760,656$2,095,515$167,059$3,498,082
8$6,048,688$2,202,087$175,412$3,671,189
9$6,351,123$2,313,988$184,183$3,852,953
10$6,668,679$2,431,483$193,392$4,043,804
11$7,002,113$2,554,854$203,061$4,244,198
12$7,352,219$2,684,393$213,214$4,454,611
13$7,719,829$2,820,409$223,875$4,675,545
14$8,105,821$2,963,226$235,069$4,907,526
15$8,511,112$3,113,184$246,822$5,151,106
16$8,936,668$3,270,639$259,163$5,406,865
17$9,383,501$3,435,968$272,122$5,675,412
18$9,852,676$3,609,562$285,728$5,957,386
19$10,345,310$3,791,837$300,014$6,253,459
20$10,862,575$3,983,225$315,015$6,564,335
21$11,405,704$4,184,183$330,765$6,890,756
22$11,975,989$4,395,188$347,304$7,233,497
23$12,574,789$4,616,744$364,669$7,593,376
24$13,203,528$4,849,378$382,902$7,971,248
25$13,863,704$5,093,643$402,047$8,368,014
26$14,556,890$5,350,121$422,150$8,784,619
27$15,284,734$5,619,424$443,257$9,222,053
28$16,048,971$5,902,191$465,420$9,681,359
29$16,851,419$6,199,097$488,691$10,163,631
30$17,693,990$6,510,849$513,126$10,670,016
Total$285,600,001$104,594,167$8,282,400$172,723,433

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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.