USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Oct 26, 2022

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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 $715,300,000 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 money, as well as deductions claimed.

State:

North Dakota

Drawing Date:Wed, Oct 26, 2022
Jackpot:$715,300,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,766,291$3,939,485$312,222$6,514,584
2$11,304,606$4,138,662$327,834$6,838,111
3$11,869,836$4,347,797$344,225$7,177,814
4$12,463,329$4,567,389$361,437$7,534,503
5$13,086,494$4,797,960$379,508$7,909,026
6$13,740,819$5,040,060$398,484$8,302,275
7$14,427,861$5,294,266$418,408$8,715,187
8$15,149,254$5,561,181$439,328$9,148,744
9$15,906,716$5,841,442$461,295$9,603,979
10$16,702,052$6,135,716$484,360$10,081,976
11$17,537,155$6,444,704$508,577$10,583,873
12$18,414,012$6,769,142$534,006$11,110,864
13$19,334,713$7,109,801$560,707$11,664,205
14$20,301,449$7,467,493$588,742$12,245,213
15$21,316,521$7,843,070$618,179$12,855,272
16$22,382,347$8,237,426$649,088$13,495,833
17$23,501,464$8,651,499$681,542$14,168,423
18$24,676,537$9,086,276$715,620$14,874,642
19$25,910,364$9,542,792$751,401$15,616,172
20$27,205,883$10,022,134$788,971$16,394,778
21$28,566,176$10,525,443$828,419$17,212,315
22$29,994,485$11,053,917$869,840$18,070,728
23$31,494,210$11,608,815$913,332$18,972,063
24$33,068,920$12,191,458$958,999$19,918,464
25$34,722,366$12,803,233$1,006,949$20,912,185
26$36,458,485$13,445,597$1,057,296$21,955,592
27$38,281,409$14,120,079$1,110,161$23,051,170
28$40,195,479$14,828,284$1,165,669$24,201,526
29$42,205,253$15,571,901$1,223,952$25,409,400
30$44,315,516$16,352,698$1,285,150$26,677,668
Total$715,300,001$263,339,720$20,743,701$431,216,585

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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.