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North Dakota Powerball Jackpot Annuity Payout Schedule for Sep 11, 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 $134,500,000 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:Wed, Sep 11, 2024
Jackpot:$134,500,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,024,418$707,222$58,708$1,258,487
2$2,125,639$744,674$61,644$1,319,321
3$2,231,921$783,998$64,726$1,383,197
4$2,343,517$825,289$67,962$1,450,266
5$2,460,693$868,644$71,360$1,520,689
6$2,583,727$914,167$74,928$1,594,632
7$2,712,914$961,966$78,675$1,672,273
8$2,848,559$1,012,155$82,608$1,753,797
9$2,990,987$1,064,853$86,739$1,839,396
10$3,140,537$1,120,186$91,076$1,929,275
11$3,297,564$1,178,286$95,629$2,023,648
12$3,462,442$1,239,291$100,411$2,122,740
13$3,635,564$1,303,346$105,431$2,226,786
14$3,817,342$1,370,604$110,703$2,336,035
15$4,008,209$1,441,225$116,238$2,450,746
16$4,208,620$1,515,377$122,050$2,571,193
17$4,419,051$1,593,236$128,152$2,697,662
18$4,640,003$1,674,989$134,560$2,830,454
19$4,872,003$1,760,829$141,288$2,969,886
20$5,115,604$1,850,961$148,353$3,116,290
21$5,371,384$1,945,600$155,770$3,270,014
22$5,639,953$2,044,970$163,559$3,431,424
23$5,921,951$2,149,309$171,737$3,600,905
24$6,218,048$2,258,866$180,323$3,778,859
25$6,528,950$2,373,899$189,340$3,965,711
26$6,855,398$2,494,685$198,807$4,161,906
27$7,198,168$2,621,510$208,747$4,367,911
28$7,558,076$2,754,676$219,184$4,584,216
29$7,935,980$2,894,500$230,143$4,811,336
30$8,332,779$3,041,316$241,651$5,049,812
Total$134,500,000$48,510,629$3,900,502$82,088,867

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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.