USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Mar 27, 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 $122,200,000 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, Mar 27, 2023
Jackpot:$122,200,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,839,285$638,723$53,339$1,147,223
2$1,931,250$672,750$56,006$1,202,493
3$2,027,812$708,478$58,807$1,260,527
4$2,129,203$745,993$61,747$1,321,463
5$2,235,663$785,383$64,834$1,385,446
6$2,347,446$826,743$68,076$1,452,627
7$2,464,818$870,171$71,480$1,523,168
8$2,588,059$915,770$75,054$1,597,236
9$2,717,462$963,649$78,806$1,675,007
10$2,853,335$1,013,922$82,747$1,756,667
11$2,996,002$1,066,709$86,884$1,842,410
12$3,145,802$1,122,135$91,228$1,932,439
13$3,303,092$1,180,332$95,790$2,026,971
14$3,468,247$1,241,439$100,579$2,126,229
15$3,641,659$1,305,602$105,608$2,230,449
16$3,823,742$1,372,972$110,889$2,339,881
17$4,014,929$1,443,712$116,433$2,454,785
18$4,215,676$1,517,988$122,255$2,575,433
19$4,426,460$1,595,978$128,367$2,702,114
20$4,647,783$1,677,867$134,786$2,835,130
21$4,880,172$1,763,851$141,525$2,974,795
22$5,124,180$1,854,134$148,601$3,121,445
23$5,380,389$1,948,932$156,031$3,275,426
24$5,649,409$2,048,469$163,833$3,437,107
25$5,931,879$2,152,983$172,024$3,606,872
26$6,228,473$2,262,723$180,626$3,785,125
27$6,539,897$2,377,950$189,657$3,972,290
28$6,866,892$2,498,938$199,140$4,168,814
29$7,210,236$2,625,975$209,097$4,375,164
30$7,570,748$2,759,365$219,552$4,591,832
Total$122,200,000$43,959,636$3,543,801$74,696,568

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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.