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North Dakota Powerball Jackpot Annuity Payout Schedule for Nov 28, 2022

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The tax information provided here is based on 2025 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 $54,800,000 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:Mon, Nov 28, 2022
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$262,203$23,920$538,696
2$866,060$277,462$25,116$563,482
3$909,363$293,484$26,372$589,507
4$954,831$310,308$27,690$616,833
5$1,002,572$327,972$29,075$645,526
6$1,052,701$346,520$30,528$675,653
7$1,105,336$365,995$32,055$707,287
8$1,160,603$386,443$33,657$740,502
9$1,218,633$407,914$35,340$775,378
10$1,279,564$430,459$37,107$811,998
11$1,343,543$454,131$38,963$850,449
12$1,410,720$478,987$40,911$890,822
13$1,481,256$505,085$42,956$933,214
14$1,555,319$532,488$45,104$977,726
15$1,633,084$561,262$47,359$1,024,464
16$1,714,739$591,474$49,727$1,073,538
17$1,800,476$623,196$52,214$1,125,066
18$1,890,499$656,505$54,824$1,179,170
19$1,985,024$691,479$57,566$1,235,979
20$2,084,276$728,202$60,444$1,295,629
21$2,188,489$766,761$63,466$1,358,262
22$2,297,914$807,248$66,640$1,424,026
23$2,412,810$849,760$69,971$1,493,078
24$2,533,450$894,397$73,470$1,565,583
25$2,660,123$941,266$77,144$1,641,713
26$2,793,129$990,478$81,001$1,721,650
27$2,932,785$1,042,151$85,051$1,805,584
28$3,079,424$1,096,407$89,303$1,893,714
29$3,233,396$1,153,377$93,768$1,986,250
30$3,395,065$1,213,194$98,457$2,083,414
Total$54,800,000$18,986,608$1,589,199$34,224,193

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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.