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North Dakota Powerball Jackpot Annuity Payout Schedule for Oct 1, 2022

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The tax information provided here is based on 2022 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 $325,400,000 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, Oct 1, 2022
Jackpot:$325,400,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,897,737$1,775,118$142,034$2,980,585
2$5,142,624$1,865,726$149,136$3,127,762
3$5,399,755$1,960,864$156,593$3,282,298
4$5,669,743$2,060,760$164,423$3,444,560
5$5,953,230$2,165,650$172,644$3,614,936
6$6,250,891$2,275,785$181,276$3,793,831
7$6,563,436$2,391,426$190,340$3,981,670
8$6,891,608$2,512,850$199,857$4,178,901
9$7,236,188$2,640,345$209,849$4,385,994
10$7,597,998$2,774,214$220,342$4,603,442
11$7,977,898$2,914,777$231,359$4,831,761
12$8,376,792$3,062,368$242,927$5,071,497
13$8,795,632$3,217,339$255,073$5,323,220
14$9,235,414$3,380,058$267,827$5,587,529
15$9,697,184$3,550,913$281,218$5,865,053
16$10,182,044$3,730,311$295,279$6,156,453
17$10,691,146$3,918,679$310,043$6,462,423
18$11,225,703$4,116,465$325,545$6,783,692
19$11,786,988$4,324,141$341,823$7,121,025
20$12,376,337$4,542,200$358,914$7,475,224
21$12,995,154$4,771,162$376,859$7,847,133
22$13,644,912$5,011,572$395,702$8,237,637
23$14,327,158$5,264,003$415,488$8,647,667
24$15,043,515$5,529,056$436,262$9,078,198
25$15,795,691$5,807,361$458,075$9,530,255
26$16,585,476$6,099,581$480,979$10,004,916
27$17,414,750$6,406,412$505,028$10,503,310
28$18,285,487$6,728,585$530,279$11,026,623
29$19,199,761$7,066,867$556,793$11,576,102
30$20,159,750$7,422,062$584,633$12,153,055
Total$325,400,001$119,286,650$9,436,600$196,676,752

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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.