USA Mega

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

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $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$263,371$23,920$537,528
2$866,060$278,630$25,116$562,314
3$909,363$294,652$26,372$588,339
4$954,831$311,475$27,690$615,666
5$1,002,572$329,139$29,075$644,358
6$1,052,701$347,687$30,528$674,485
7$1,105,336$367,162$32,055$706,119
8$1,160,603$387,611$33,657$739,334
9$1,218,633$409,082$35,340$774,211
10$1,279,564$431,627$37,107$810,830
11$1,343,543$455,299$38,963$849,281
12$1,410,720$480,154$40,911$889,655
13$1,481,256$506,252$42,956$932,047
14$1,555,319$533,656$45,104$976,559
15$1,633,084$562,429$47,359$1,023,296
16$1,714,739$592,641$49,727$1,072,370
17$1,800,476$624,364$52,214$1,123,898
18$1,890,499$657,673$54,824$1,178,002
19$1,985,024$692,647$57,566$1,234,812
20$2,084,276$729,370$60,444$1,294,462
21$2,188,489$767,929$63,466$1,357,094
22$2,297,914$808,416$66,640$1,422,858
23$2,412,810$850,927$69,971$1,491,911
24$2,533,450$895,564$73,470$1,564,416
25$2,660,123$942,433$77,144$1,640,546
26$2,793,129$991,645$81,001$1,720,483
27$2,932,785$1,043,318$85,051$1,804,416
28$3,079,424$1,097,575$89,303$1,892,546
29$3,233,396$1,154,544$93,768$1,985,083
30$3,395,065$1,214,362$98,457$2,082,247
Total$54,800,000$19,021,634$1,589,199$34,189,166

◄ Back to Jackpot Analysis

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.