USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Sep 22, 2021

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The tax information provided here is based on 2026 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 $493,200,000 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:Wed, Sep 22, 2021
Jackpot:$493,200,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,423,368$2,702,603$215,278$4,505,487
2$7,794,536$2,839,936$226,042$4,728,559
3$8,184,263$2,984,135$237,344$4,962,785
4$8,593,476$3,135,544$249,211$5,208,722
5$9,023,150$3,294,523$261,671$5,466,956
6$9,474,307$3,461,451$274,755$5,738,101
7$9,948,023$3,636,726$288,493$6,022,805
8$10,445,424$3,820,764$302,917$6,321,743
9$10,967,695$4,014,005$318,063$6,635,628
10$11,516,080$4,216,907$333,966$6,965,207
11$12,091,884$4,429,954$350,665$7,311,265
12$12,696,478$4,653,654$368,198$7,674,626
13$13,331,302$4,888,539$386,608$8,056,155
14$13,997,867$5,135,168$405,938$8,456,761
15$14,697,760$5,394,129$426,235$8,877,397
16$15,432,649$5,666,037$447,547$9,319,065
17$16,204,281$5,951,541$469,924$9,782,816
18$17,014,495$6,251,320$493,420$10,269,754
19$17,865,220$6,566,089$518,091$10,781,040
20$18,758,481$6,896,595$543,996$11,317,890
21$19,696,405$7,243,627$571,196$11,881,582
22$20,681,225$7,608,010$599,756$12,473,459
23$21,715,286$7,990,613$629,743$13,094,930
24$22,801,050$8,392,346$661,230$13,747,474
25$23,941,103$8,814,165$694,292$14,432,646
26$25,138,158$9,257,076$729,007$15,152,076
27$26,395,066$9,722,132$765,457$15,907,478
28$27,714,819$10,210,440$803,730$16,700,649
29$29,100,560$10,723,165$843,916$17,533,479
30$30,555,589$11,261,525$886,112$18,407,951
Total$493,200,001$181,162,719$14,302,801$297,734,486

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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.