USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Dec 23, 2023

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The tax information provided here is based on 2025 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 $626,400,000 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:Sat, Dec 23, 2023
Jackpot:$626,400,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,428,219$3,445,461$273,418$5,709,339
2$9,899,630$3,619,883$287,089$5,992,657
3$10,394,611$3,803,026$301,444$6,290,141
4$10,914,342$3,995,327$316,516$6,602,499
5$11,460,059$4,197,242$332,342$6,930,475
6$12,033,062$4,409,253$348,959$7,274,850
7$12,634,715$4,631,865$366,407$7,636,444
8$13,266,451$4,865,607$384,727$8,016,117
9$13,929,774$5,111,036$403,963$8,414,774
10$14,626,262$5,368,737$424,162$8,833,363
11$15,357,575$5,639,323$445,370$9,272,883
12$16,125,454$5,923,438$467,638$9,734,378
13$16,931,727$6,221,759$491,020$10,218,947
14$17,778,313$6,534,996$515,571$10,727,746
15$18,667,229$6,863,895$541,350$11,261,984
16$19,600,590$7,209,239$568,417$11,822,935
17$20,580,619$7,571,849$596,838$12,411,932
18$21,609,651$7,952,591$626,680$13,030,380
19$22,690,133$8,352,369$658,014$13,679,750
20$23,824,640$8,772,137$690,915$14,361,588
21$25,015,872$9,212,893$725,460$15,077,519
22$26,266,665$9,675,686$761,733$15,829,246
23$27,579,999$10,161,620$799,820$16,618,559
24$28,958,998$10,671,850$839,811$17,447,338
25$30,406,948$11,207,591$881,801$18,317,556
26$31,927,296$11,770,120$925,892$19,231,285
27$33,523,661$12,360,775$972,186$20,190,700
28$35,199,843$12,980,962$1,020,795$21,198,086
29$36,959,836$13,632,159$1,071,835$22,255,841
30$38,807,828$14,315,917$1,125,427$23,366,484
Total$626,400,001$230,478,606$18,165,600$377,755,796

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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.