USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Sep 26, 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 $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 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$1,550,931$124,837$2,628,943
2$4,519,946$1,630,568$131,078$2,758,300
3$4,745,943$1,714,187$137,632$2,894,124
4$4,983,241$1,801,987$144,514$3,036,740
5$5,232,402$1,894,177$151,740$3,186,486
6$5,494,023$1,990,976$159,327$3,343,720
7$5,768,724$2,092,616$167,293$3,508,815
8$6,057,160$2,199,337$175,658$3,682,165
9$6,360,018$2,311,394$184,441$3,864,183
10$6,678,019$2,429,055$193,663$4,055,302
11$7,011,920$2,552,598$203,346$4,255,976
12$7,362,516$2,682,319$213,513$4,466,684
13$7,730,641$2,818,525$224,189$4,687,928
14$8,117,174$2,961,542$235,398$4,920,234
15$8,523,032$3,111,710$247,168$5,164,155
16$8,949,184$3,269,386$259,526$5,420,272
17$9,396,643$3,434,946$272,503$5,689,195
18$9,866,475$3,608,784$286,128$5,971,564
19$10,359,799$3,791,313$300,434$6,268,051
20$10,877,789$3,982,970$315,456$6,579,363
21$11,421,678$4,184,209$331,229$6,906,241
22$11,992,762$4,395,510$347,790$7,249,462
23$12,592,400$4,617,376$365,180$7,609,845
24$13,222,020$4,850,335$383,439$7,988,246
25$13,883,121$5,094,943$402,611$8,385,568
26$14,577,278$5,351,780$422,741$8,802,756
27$15,306,141$5,621,460$443,878$9,240,803
28$16,071,448$5,904,624$466,072$9,700,753
29$16,875,021$6,201,945$489,376$10,183,700
30$17,718,772$6,514,133$513,844$10,690,794
Total$286,000,001$104,565,636$8,294,004$173,140,368

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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.