USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for May 7, 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 $51,700,000 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, May 7, 2022
Jackpot:$51,700,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$778,159$243,876$22,567$511,716
2$817,067$258,272$23,695$535,100
3$857,921$273,388$24,880$559,653
4$900,817$289,259$26,124$585,434
5$945,857$305,924$27,430$612,503
6$993,150$323,423$28,801$640,926
7$1,042,808$341,796$30,241$670,770
8$1,094,948$361,088$31,753$702,107
9$1,149,696$381,345$33,341$735,010
10$1,207,180$402,614$35,008$769,558
11$1,267,539$424,947$36,759$805,834
12$1,330,916$448,396$38,597$843,923
13$1,397,462$473,018$40,526$883,917
14$1,467,335$498,871$42,553$925,911
15$1,540,702$526,017$44,680$970,005
16$1,617,737$554,520$46,914$1,016,303
17$1,698,624$584,448$49,260$1,064,916
18$1,783,555$615,873$51,723$1,115,959
19$1,872,733$648,868$54,309$1,169,555
20$1,966,370$683,514$57,025$1,225,831
21$2,064,688$719,892$59,876$1,284,920
22$2,167,922$758,089$62,870$1,346,964
23$2,276,319$798,195$66,013$1,412,110
24$2,390,134$840,307$69,314$1,480,514
25$2,509,641$884,524$72,780$1,552,337
26$2,635,123$930,953$76,419$1,627,752
27$2,766,879$979,703$80,240$1,706,937
28$2,905,223$1,030,890$84,251$1,790,082
29$3,050,485$1,084,637$88,464$1,877,384
30$3,203,009$1,141,070$92,887$1,969,051
Total$51,700,000$17,807,717$1,499,300$32,392,982

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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.