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North Dakota Powerball Jackpot Annuity Payout Schedule for Oct 25, 2023

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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 $103,400,000 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:Wed, Oct 25, 2023
Jackpot:$103,400,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,556,318$534,026$45,133$977,160
2$1,634,134$562,817$47,390$1,023,927
3$1,715,841$593,049$49,759$1,073,033
4$1,801,633$624,792$52,247$1,124,594
5$1,891,715$658,122$54,860$1,178,733
6$1,986,300$693,119$57,603$1,235,579
7$2,085,616$729,865$60,483$1,295,267
8$2,189,896$768,449$63,507$1,357,940
9$2,299,391$808,962$66,682$1,423,746
10$2,414,361$851,501$70,016$1,492,843
11$2,535,079$896,167$73,517$1,565,395
12$2,661,833$943,066$77,193$1,641,574
13$2,794,924$992,310$81,053$1,721,562
14$2,934,670$1,044,016$85,105$1,805,549
15$3,081,404$1,098,307$89,361$1,893,736
16$3,235,474$1,155,313$93,829$1,986,332
17$3,397,248$1,215,169$98,520$2,083,558
18$3,567,110$1,278,019$103,446$2,185,646
19$3,745,466$1,344,010$108,619$2,292,837
20$3,932,739$1,413,301$114,049$2,405,388
21$4,129,376$1,486,057$119,752$2,523,567
22$4,335,845$1,562,450$125,739$2,647,655
23$4,552,637$1,642,663$132,026$2,777,947
24$4,780,269$1,726,887$138,628$2,914,754
25$5,019,282$1,815,322$145,559$3,058,401
26$5,270,247$1,908,179$152,837$3,209,230
27$5,533,759$2,005,679$160,479$3,367,601
28$5,810,447$2,108,053$168,503$3,533,891
29$6,100,969$2,215,546$176,928$3,708,495
30$6,406,018$2,328,414$185,775$3,891,829
Total$103,400,000$37,003,630$2,998,598$63,397,769

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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.