USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Feb 24, 2024

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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 $375,900,000 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, Feb 24, 2024
Jackpot:$375,900,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,657,834$2,050,419$164,077$3,443,338
2$5,940,726$2,155,089$172,281$3,613,356
3$6,237,762$2,264,992$180,895$3,791,875
4$6,549,651$2,380,391$189,940$3,979,320
5$6,877,133$2,501,559$199,437$4,176,137
6$7,220,990$2,628,786$209,409$4,382,795
7$7,582,039$2,762,375$219,879$4,599,785
8$7,961,141$2,902,643$230,873$4,827,626
9$8,359,198$3,049,924$242,417$5,066,858
10$8,777,158$3,204,569$254,538$5,318,052
11$9,216,016$3,366,946$267,264$5,581,806
12$9,676,817$3,537,443$280,628$5,858,747
13$10,160,658$3,716,464$294,659$6,149,535
14$10,668,691$3,904,436$309,392$6,454,863
15$11,202,125$4,101,807$324,862$6,775,457
16$11,762,232$4,309,046$341,105$7,112,081
17$12,350,343$4,526,647$358,160$7,465,536
18$12,967,860$4,755,129$376,068$7,836,664
19$13,616,253$4,995,034$394,871$8,226,348
20$14,297,066$5,246,935$414,615$8,635,516
21$15,011,919$5,511,430$435,346$9,065,143
22$15,762,515$5,789,151$457,113$9,516,251
23$16,550,641$6,080,757$479,969$9,989,915
24$17,378,173$6,386,944$503,967$10,487,262
25$18,247,081$6,708,440$529,165$11,009,476
26$19,159,436$7,046,011$555,624$11,557,801
27$20,117,408$7,400,461$583,405$12,133,542
28$21,123,278$7,772,633$612,575$12,738,070
29$22,179,442$8,163,414$643,204$13,372,824
30$23,288,414$8,573,733$675,364$14,039,316
Total$375,900,001$137,793,608$10,901,102$227,205,295

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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.