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North Dakota Powerball Jackpot Annuity Payout Schedule for Nov 14, 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 $62,900,000 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:Mon, Nov 14, 2022
Jackpot:$62,900,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$946,735$308,480$27,455$610,800
2$994,072$325,994$28,828$639,250
3$1,043,776$344,385$30,269$669,121
4$1,095,964$363,695$31,783$700,487
5$1,150,763$383,970$33,372$733,421
6$1,208,301$405,259$35,041$768,001
7$1,268,716$427,613$36,793$804,310
8$1,332,152$451,084$38,632$842,435
9$1,398,759$475,729$40,564$882,467
10$1,468,697$501,606$42,592$924,499
11$1,542,132$528,777$44,722$968,634
12$1,619,239$557,306$46,958$1,014,975
13$1,700,201$587,262$49,306$1,063,633
14$1,785,211$618,716$51,771$1,114,724
15$1,874,471$651,742$54,360$1,168,369
16$1,968,195$686,420$57,078$1,224,697
17$2,066,604$722,831$59,932$1,283,841
18$2,169,935$761,064$62,928$1,345,943
19$2,278,431$801,207$66,075$1,411,149
20$2,392,353$843,358$69,378$1,479,616
21$2,511,971$887,617$72,847$1,551,507
22$2,637,569$934,088$76,490$1,626,991
23$2,769,447$982,883$80,314$1,706,250
24$2,907,920$1,034,118$84,330$1,789,472
25$3,053,316$1,087,915$88,546$1,876,855
26$3,205,982$1,144,401$92,973$1,968,607
27$3,366,281$1,203,712$97,622$2,064,947
28$3,534,595$1,265,988$102,503$2,166,104
29$3,711,324$1,331,378$107,628$2,272,318
30$3,896,891$1,400,037$113,010$2,383,844
Total$62,900,000$22,018,635$1,824,100$39,057,267

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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.