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North Dakota Powerball Jackpot Annuity Payout Schedule for Mar 4, 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 $462,700,000 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 4, 2024
Jackpot:$462,700,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,964,299$2,534,978$201,965$4,227,356
2$7,312,514$2,663,818$212,063$4,436,633
3$7,678,140$2,799,099$222,666$4,656,374
4$8,062,047$2,941,145$233,799$4,887,102
5$8,465,149$3,090,293$245,489$5,129,367
6$8,888,406$3,246,898$257,764$5,383,744
7$9,332,827$3,411,334$270,652$5,650,841
8$9,799,468$3,583,991$284,185$5,931,293
9$10,289,442$3,765,281$298,394$6,225,767
10$10,803,914$3,955,636$313,313$6,534,964
11$11,344,109$4,155,508$328,979$6,859,622
12$11,911,315$4,365,374$345,428$7,200,512
13$12,506,880$4,585,734$362,700$7,558,447
14$13,132,225$4,817,111$380,835$7,934,279
15$13,788,836$5,060,057$399,876$8,328,903
16$14,478,278$5,315,150$419,870$8,743,257
17$15,202,191$5,582,999$440,864$9,178,329
18$15,962,301$5,864,239$462,907$9,635,155
19$16,760,416$6,159,542$486,052$10,114,822
20$17,598,437$6,469,609$510,355$10,618,473
21$18,478,359$6,795,180$535,872$11,147,306
22$19,402,276$7,137,030$562,666$11,702,580
23$20,372,390$7,495,972$590,799$12,285,619
24$21,391,010$7,872,861$620,339$12,897,809
25$22,460,560$8,268,595$651,356$13,540,609
26$23,583,589$8,684,116$683,924$14,215,549
27$24,762,768$9,120,412$718,120$14,924,236
28$26,000,906$9,578,523$754,026$15,668,357
29$27,300,951$10,059,540$791,728$16,449,684
30$28,665,999$10,564,607$831,314$17,270,078
Total$462,700,001$169,944,632$13,418,300$279,337,067

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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.