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North Dakota Powerball Jackpot Annuity Payout Schedule for Feb 19, 2022

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The tax information provided here is based on 2026 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 $31,300,000 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:Sat, Feb 19, 2022
Jackpot:$31,300,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$471,110$133,658$13,662$323,790
2$494,665$141,902$14,345$338,418
3$519,399$150,559$15,063$353,777
4$545,369$159,648$15,816$369,905
5$572,637$169,192$16,606$386,838
6$601,269$179,213$17,437$404,619
7$631,332$189,736$18,309$423,288
8$662,899$201,230$19,224$442,445
9$696,044$213,494$20,185$462,365
10$730,846$226,370$21,195$483,281
11$767,388$239,891$22,254$505,243
12$805,758$254,088$23,367$528,303
13$846,046$268,994$24,535$552,516
14$888,348$284,646$25,762$577,940
15$932,765$301,080$27,050$604,635
16$979,404$318,337$28,403$632,664
17$1,028,374$336,456$29,823$662,095
18$1,079,793$355,480$31,314$692,998
19$1,133,782$375,457$32,880$725,446
20$1,190,471$396,432$34,524$759,516
21$1,249,995$418,455$36,250$795,290
22$1,312,495$441,580$38,062$832,852
23$1,378,119$465,861$39,965$872,292
24$1,447,025$491,357$41,964$913,705
25$1,519,377$518,127$44,062$957,188
26$1,595,345$546,235$46,265$1,002,845
27$1,675,113$575,749$48,578$1,050,785
28$1,758,868$606,739$51,007$1,101,123
29$1,846,812$639,278$53,558$1,153,977
30$1,939,152$673,444$56,235$1,209,473
Total$31,300,000$10,272,688$907,700$20,119,612

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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.