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North Dakota Powerball Jackpot Annuity Payout Schedule for Feb 5, 2024

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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 $214,800,000 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, Feb 5, 2024
Jackpot:$214,800,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,233,048$1,154,416$93,758$1,984,874
2$3,394,701$1,214,227$98,446$2,082,027
3$3,564,436$1,277,029$103,369$2,184,038
4$3,742,658$1,342,971$108,537$2,291,149
5$3,929,790$1,412,210$113,964$2,403,616
6$4,126,280$1,484,911$119,662$2,521,706
7$4,332,594$1,561,248$125,645$2,645,701
8$4,549,224$1,641,400$131,927$2,775,896
9$4,776,685$1,725,561$138,524$2,912,600
10$5,015,519$1,813,930$145,450$3,056,139
11$5,266,295$1,906,717$152,723$3,206,856
12$5,529,610$2,004,143$160,359$3,365,108
13$5,806,090$2,106,441$168,377$3,531,272
14$6,096,395$2,213,854$176,795$3,705,745
15$6,401,214$2,326,637$185,635$3,888,942
16$6,721,275$2,445,060$194,917$4,081,299
17$7,057,339$2,569,403$204,663$4,283,273
18$7,410,206$2,699,964$214,896$4,495,346
19$7,780,716$2,837,053$225,641$4,718,023
20$8,169,752$2,980,996$236,923$4,951,833
21$8,578,239$3,132,136$248,769$5,197,334
22$9,007,151$3,290,834$261,207$5,455,110
23$9,457,509$3,457,466$274,268$5,725,775
24$9,930,384$3,632,430$287,981$6,009,973
25$10,426,904$3,816,142$302,380$6,308,381
26$10,948,249$4,009,040$317,499$6,621,710
27$11,495,661$4,211,582$333,374$6,950,705
28$12,070,444$4,424,252$350,043$7,296,149
29$12,673,967$4,647,555$367,545$7,658,866
30$13,307,665$4,882,024$385,922$8,039,719
Total$214,800,000$78,221,632$6,229,199$130,349,165

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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.