USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Apr 24, 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 $28,200,000 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, Apr 24, 2023
Jackpot:$28,200,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$424,450$118,932$12,309$293,209
2$445,673$126,360$12,925$306,388
3$467,957$134,160$13,571$320,226
4$491,354$142,349$14,249$334,756
5$515,922$150,948$14,962$350,013
6$541,718$159,976$15,710$366,032
7$568,804$169,456$16,495$382,853
8$597,244$179,410$17,320$400,514
9$627,107$190,217$18,186$418,703
10$658,462$201,819$19,095$437,548
11$691,385$214,000$20,050$457,335
12$725,954$226,791$21,053$478,111
13$762,252$240,221$22,105$499,926
14$800,365$254,323$23,211$522,831
15$840,383$269,129$24,371$546,882
16$882,402$284,677$25,590$572,136
17$926,522$301,001$26,869$598,652
18$972,848$318,142$28,213$626,494
19$1,021,491$336,139$29,623$655,728
20$1,072,565$355,037$31,104$686,424
21$1,126,193$374,879$32,660$718,655
22$1,182,503$395,714$34,293$752,497
23$1,241,628$417,590$36,007$788,031
24$1,303,710$440,560$37,808$825,342
25$1,368,895$464,679$39,698$864,518
26$1,437,340$490,004$41,683$905,654
27$1,509,207$516,594$43,767$948,846
28$1,584,667$544,515$45,955$994,197
29$1,663,901$573,831$48,253$1,041,817
30$1,747,096$604,613$50,666$1,091,817
Total$28,200,000$9,196,066$817,801$18,186,135

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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.