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North Dakota Powerball Jackpot Annuity Payout Schedule for Oct 15, 2022

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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 $464,800,000 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, Oct 15, 2022
Jackpot:$464,800,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,995,907$2,546,673$202,881$4,246,352
2$7,345,702$2,676,098$213,025$4,456,579
3$7,712,987$2,811,993$223,677$4,677,318
4$8,098,637$2,954,683$234,860$4,909,093
5$8,503,569$3,104,508$246,603$5,152,457
6$8,928,747$3,261,824$258,934$5,407,989
7$9,375,185$3,427,006$271,880$5,676,298
8$9,843,944$3,600,447$285,474$5,958,023
9$10,336,141$3,782,560$299,748$6,253,833
10$10,852,948$3,973,779$314,735$6,564,434
11$11,395,595$4,174,558$330,472$6,890,565
12$11,965,375$4,385,377$346,996$7,233,003
13$12,563,644$4,606,736$364,346$7,592,562
14$13,191,826$4,839,163$382,563$7,970,100
15$13,851,417$5,083,212$401,691$8,366,514
16$14,543,988$5,339,463$421,776$8,782,749
17$15,271,188$5,608,527$442,864$9,219,796
18$16,034,747$5,891,044$465,008$9,678,695
19$16,836,484$6,187,687$488,258$10,160,539
20$17,678,309$6,499,162$512,671$10,666,476
21$18,562,224$6,826,211$538,304$11,197,709
22$19,490,335$7,169,612$565,220$11,755,504
23$20,464,852$7,530,183$593,481$12,341,188
24$21,488,094$7,908,783$623,155$12,956,157
25$22,562,499$8,306,312$654,312$13,601,874
26$23,690,625$8,723,719$687,028$14,279,878
27$24,875,156$9,161,995$721,380$14,991,781
28$26,118,913$9,622,186$757,448$15,739,279
29$27,424,859$10,105,386$795,321$16,524,152
30$28,796,102$10,612,746$835,087$17,348,270
Total$464,800,001$170,721,633$13,479,198$280,599,167

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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.