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North Dakota Powerball Jackpot Annuity Payout Schedule for Nov 30, 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 $65,600,000 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:Wed, Nov 30, 2022
Jackpot:$65,600,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$987,374$323,516$28,634$635,224
2$1,036,743$341,783$30,066$664,895
3$1,088,580$360,962$31,569$696,049
4$1,143,009$381,101$33,147$728,761
5$1,200,159$402,247$34,805$763,108
6$1,260,167$424,450$36,545$799,173
7$1,323,176$447,763$38,372$837,041
8$1,389,335$472,242$40,291$876,802
9$1,458,801$497,944$42,305$918,552
10$1,531,741$524,932$44,420$962,389
11$1,608,328$553,269$46,642$1,008,418
12$1,688,745$583,023$48,974$1,056,748
13$1,773,182$614,265$51,422$1,107,495
14$1,861,841$647,069$53,993$1,160,779
15$1,954,933$681,513$56,693$1,216,727
16$2,052,680$717,679$59,528$1,275,473
17$2,155,314$755,654$62,504$1,337,156
18$2,263,080$795,527$65,629$1,401,923
19$2,376,234$837,394$68,911$1,469,929
20$2,495,045$881,355$72,356$1,541,334
21$2,619,798$927,513$75,974$1,616,311
22$2,750,787$975,979$79,773$1,695,035
23$2,888,327$1,026,869$83,761$1,777,697
24$3,032,743$1,080,303$87,950$1,864,491
25$3,184,380$1,136,408$92,347$1,955,625
26$3,343,599$1,195,320$96,964$2,051,315
27$3,510,779$1,257,176$101,813$2,151,791
28$3,686,318$1,322,125$106,903$2,257,289
29$3,870,634$1,390,322$112,248$2,368,063
30$4,064,166$1,461,929$117,861$2,484,376
Total$65,600,000$23,017,632$1,902,400$40,679,969

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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.