USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Oct 10, 1992

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The tax information provided here is based on 2026 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 $29,500,000 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:Sat, Oct 10, 1992
Jackpot:$29,500,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$525,988$152,865$15,254$357,869
2$547,027$160,229$15,864$370,935
3$568,909$167,887$16,498$384,523
4$591,665$175,852$17,158$398,655
5$615,331$184,135$17,845$413,352
6$639,945$192,750$18,558$428,636
7$665,543$202,208$19,301$444,034
8$692,164$212,058$20,073$460,033
9$719,851$222,302$20,876$476,673
10$748,645$232,956$21,711$493,978
11$778,591$244,036$22,579$511,976
12$809,734$255,559$23,482$530,693
13$842,124$267,543$24,422$550,159
14$875,809$280,006$25,398$570,404
15$910,841$292,968$26,414$591,458
16$947,275$306,449$27,471$613,355
17$985,166$320,468$28,570$636,127
18$1,024,572$335,049$29,713$659,811
19$1,065,555$350,213$30,901$684,441
20$1,108,177$365,983$32,137$710,057
21$1,152,504$382,384$33,423$736,698
22$1,198,604$399,441$34,760$764,404
23$1,246,549$417,180$36,150$793,218
24$1,296,411$435,629$37,596$823,186
25$1,348,267$454,816$39,100$854,351
26$1,402,198$474,770$40,664$886,764
27$1,458,286$495,523$42,290$920,472
28$1,516,617$517,106$43,982$955,530
29$1,577,282$539,551$45,741$991,989
30$1,640,373$562,895$47,571$1,029,907
Total$29,500,000$9,600,811$855,502$19,043,688

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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.