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North Dakota Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $92,900,000 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:Sat, Nov 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$475,551$40,550$882,178
2$1,468,192$501,419$42,578$924,196
3$1,541,602$528,580$44,706$968,315
4$1,618,682$557,100$46,942$1,014,640
5$1,699,616$587,046$49,289$1,063,281
6$1,784,597$618,489$51,753$1,114,355
7$1,873,827$651,504$54,341$1,167,982
8$1,967,518$686,169$57,058$1,224,291
9$2,065,894$722,569$59,911$1,283,415
10$2,169,189$760,788$62,906$1,345,495
11$2,277,648$800,918$66,052$1,410,679
12$2,391,530$843,054$69,354$1,479,122
13$2,511,107$887,297$72,822$1,550,988
14$2,636,662$933,753$76,463$1,626,446
15$2,768,495$982,531$80,286$1,705,678
16$2,906,920$1,033,748$84,301$1,788,871
17$3,052,266$1,087,526$88,516$1,876,224
18$3,204,880$1,143,993$92,942$1,967,945
19$3,365,123$1,203,283$97,589$2,064,251
20$3,533,380$1,265,538$102,468$2,165,373
21$3,710,049$1,330,906$107,591$2,271,551
22$3,895,551$1,399,542$112,971$2,383,038
23$4,090,329$1,471,609$118,620$2,500,100
24$4,294,845$1,547,280$124,551$2,623,014
25$4,509,587$1,626,735$130,778$2,752,074
26$4,735,067$1,710,162$137,317$2,887,587
27$4,971,820$1,797,761$144,183$3,029,876
28$5,220,411$1,889,740$151,392$3,179,279
29$5,481,432$1,986,317$158,962$3,336,153
30$5,755,503$2,087,724$166,910$3,500,870
Total$92,900,000$33,118,632$2,694,102$57,087,267

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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.