USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Oct 29, 1994

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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 $11,700,000 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:Sat, Oct 29, 1994
Jackpot:$11,700,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$208,612$43,212$6,050$159,351
2$216,957$45,882$6,292$164,783
3$225,635$48,659$6,543$170,432
4$234,660$51,547$6,805$176,308
5$244,047$54,551$7,077$182,418
6$253,809$57,675$7,360$188,773
7$263,961$61,156$7,655$195,150
8$274,519$64,851$7,961$201,707
9$285,500$68,694$8,280$208,526
10$296,920$72,691$8,611$215,618
11$308,797$76,848$8,955$222,994
12$321,149$81,171$9,313$230,664
13$333,995$85,667$9,686$238,642
14$347,355$90,343$10,073$246,938
15$361,249$95,206$10,476$255,566
16$375,699$100,264$10,895$264,540
17$390,727$105,524$11,331$273,872
18$406,356$110,994$11,784$283,578
19$422,610$116,683$12,256$293,672
20$439,514$122,599$12,746$304,169
21$457,095$128,752$13,256$315,087
22$475,379$135,152$13,786$326,441
23$494,394$141,807$14,337$338,249
24$514,170$148,729$14,911$350,530
25$534,736$155,927$15,507$363,302
26$556,126$163,413$16,128$376,585
27$578,371$171,199$16,773$390,399
28$601,506$179,296$17,444$404,766
29$625,566$187,717$18,141$419,707
30$650,589$196,675$18,867$435,047
Total$11,700,000$3,162,884$339,299$8,197,814

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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.