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North Dakota Powerball Jackpot Annuity Payout Schedule for Sep 26, 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 $286,000,000 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 prize money, as well as deductions claimed.

State:

North Dakota

Drawing Date:Mon, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,555,698$124,837$2,624,176
2$4,519,946$1,635,335$131,078$2,753,533
3$4,745,943$1,718,954$137,632$2,889,357
4$4,983,241$1,806,754$144,514$3,031,973
5$5,232,402$1,898,944$151,740$3,181,719
6$5,494,023$1,995,743$159,327$3,338,953
7$5,768,724$2,097,383$167,293$3,504,048
8$6,057,160$2,204,104$175,658$3,677,398
9$6,360,018$2,316,162$184,441$3,859,416
10$6,678,019$2,433,822$193,663$4,050,534
11$7,011,920$2,557,365$203,346$4,251,209
12$7,362,516$2,687,086$213,513$4,461,917
13$7,730,641$2,823,292$224,189$4,683,161
14$8,117,174$2,966,309$235,398$4,915,466
15$8,523,032$3,116,477$247,168$5,159,387
16$8,949,184$3,274,153$259,526$5,415,505
17$9,396,643$3,439,713$272,503$5,684,427
18$9,866,475$3,613,551$286,128$5,966,797
19$10,359,799$3,796,081$300,434$6,263,284
20$10,877,789$3,987,737$315,456$6,574,596
21$11,421,678$4,188,976$331,229$6,901,474
22$11,992,762$4,400,277$347,790$7,244,695
23$12,592,400$4,622,143$365,180$7,605,078
24$13,222,020$4,855,102$383,439$7,983,479
25$13,883,121$5,099,710$402,611$8,380,801
26$14,577,278$5,356,548$422,741$8,797,989
27$15,306,141$5,626,227$443,878$9,236,036
28$16,071,448$5,909,391$466,072$9,695,985
29$16,875,021$6,206,713$489,376$10,178,932
30$17,718,772$6,518,901$513,844$10,686,027
Total$286,000,001$104,708,651$8,294,004$172,997,352

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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.