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North Dakota Powerball Jackpot Annuity Payout Schedule for Nov 7, 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 $2,040,100,000 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 7, 2022
Jackpot:$2,040,100,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$30,706,433$11,324,335$890,487$18,491,611
2$32,241,755$11,892,404$935,011$19,414,340
3$33,853,842$12,488,876$981,761$20,383,204
4$35,546,535$13,115,173$1,030,850$21,400,513
5$37,323,860$13,772,783$1,082,392$22,468,685
6$39,190,054$14,463,275$1,136,512$23,590,267
7$41,149,558$15,188,291$1,193,337$24,767,929
8$43,207,035$15,949,558$1,253,004$26,004,473
9$45,367,387$16,748,888$1,315,654$27,302,844
10$47,635,756$17,588,185$1,381,437$28,666,134
11$50,017,544$18,469,446$1,450,509$30,097,589
12$52,518,421$19,394,771$1,523,034$31,600,616
13$55,144,342$20,366,361$1,599,186$33,178,794
14$57,901,559$21,386,532$1,679,145$34,835,882
15$60,796,637$22,457,711$1,763,102$36,575,824
16$63,836,469$23,582,449$1,851,258$38,402,763
17$67,028,291$24,763,423$1,943,820$40,321,048
18$70,379,706$26,003,446$2,041,011$42,335,249
19$73,898,691$27,305,471$2,143,062$44,450,158
20$77,593,627$28,672,597$2,250,215$46,670,815
21$81,473,307$30,108,079$2,362,726$49,002,503
22$85,546,973$31,615,335$2,480,862$51,450,776
23$89,824,322$33,197,954$2,604,905$54,021,462
24$94,315,537$34,859,704$2,735,151$56,720,683
25$99,031,314$36,604,541$2,871,908$59,554,864
26$103,982,881$38,436,621$3,015,504$62,530,756
27$109,182,025$40,360,304$3,166,279$65,655,442
28$114,641,124$42,380,171$3,324,593$68,936,361
29$120,373,181$44,501,032$3,490,822$72,381,327
30$126,391,841$46,727,936$3,665,363$75,998,542
Total$2,040,100,004$753,725,652$59,162,900$1,227,211,454

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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.