USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $45,700,000 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, Nov 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$217,460$19,948$450,443
2$722,243$230,185$20,945$471,113
3$758,355$243,546$21,992$492,817
4$796,273$257,576$23,092$515,605
5$836,087$272,307$24,247$539,533
6$877,891$287,775$25,459$564,657
7$921,786$304,016$26,732$591,038
8$967,875$321,069$28,068$618,738
9$1,016,269$338,974$29,472$647,822
10$1,067,082$357,775$30,945$678,361
11$1,120,436$377,516$32,493$710,427
12$1,176,458$398,244$34,117$744,096
13$1,235,281$420,009$35,823$779,449
14$1,297,045$442,862$37,614$816,569
15$1,361,897$466,857$39,495$855,545
16$1,429,992$492,052$41,470$896,470
17$1,501,492$518,507$43,543$939,441
18$1,576,566$546,284$45,720$984,561
19$1,655,394$575,451$48,006$1,031,937
20$1,738,164$606,076$50,407$1,081,682
21$1,825,072$638,232$52,927$1,133,913
22$1,916,326$671,996$55,573$1,188,757
23$2,012,142$707,448$58,352$1,246,343
24$2,112,749$744,672$61,270$1,306,807
25$2,218,387$783,758$64,333$1,370,296
26$2,329,306$824,798$67,550$1,436,958
27$2,445,772$867,890$70,927$1,506,954
28$2,568,060$913,137$74,474$1,580,449
29$2,696,463$960,646$78,197$1,657,619
30$2,831,286$1,010,531$82,107$1,738,648
Total$45,700,000$15,797,649$1,325,298$28,577,048

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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.