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North Dakota Powerball Jackpot Annuity Payout Schedule for Dec 5, 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 $89,200,000 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, Dec 5, 2022
Jackpot:$89,200,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,342,588$454,945$38,935$848,708
2$1,409,717$479,783$40,882$889,052
3$1,480,203$505,863$42,926$931,414
4$1,554,213$533,247$45,072$975,895
5$1,631,924$562,000$47,326$1,022,599
6$1,713,520$592,190$49,692$1,071,638
7$1,799,196$623,890$52,177$1,123,129
8$1,889,156$657,176$54,786$1,177,195
9$1,983,614$692,125$57,525$1,233,964
10$2,082,795$728,822$60,401$1,293,572
11$2,186,934$767,353$63,421$1,356,160
12$2,296,281$807,812$66,592$1,421,877
13$2,411,095$850,293$69,922$1,490,880
14$2,531,650$894,898$73,418$1,563,334
15$2,658,232$941,734$77,089$1,639,410
16$2,791,144$990,911$80,943$1,719,290
17$2,930,701$1,042,547$84,990$1,803,164
18$3,077,236$1,096,765$89,240$1,891,231
19$3,231,098$1,153,694$93,702$1,983,702
20$3,392,653$1,213,469$98,387$2,080,797
21$3,562,286$1,276,233$103,306$2,182,746
22$3,740,400$1,342,136$108,472$2,289,793
23$3,927,420$1,411,333$113,895$2,402,192
24$4,123,791$1,483,990$119,590$2,520,211
25$4,329,980$1,560,281$125,569$2,644,131
26$4,546,480$1,640,385$131,848$2,774,246
27$4,773,804$1,724,495$138,440$2,910,868
28$5,012,494$1,812,810$145,362$3,054,321
29$5,263,118$1,905,542$152,630$3,204,946
30$5,526,274$2,002,909$160,262$3,363,103
Total$89,200,000$31,749,631$2,586,800$54,863,568

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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.