USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for May 11, 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 $11,200,000 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, May 11, 1994
Jackpot:$11,200,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$199,697$40,525$5,791$153,381
2$207,685$42,915$6,023$158,747
3$215,992$45,574$6,264$164,155
4$224,632$48,338$6,514$169,779
5$233,617$51,214$6,775$175,629
6$242,962$54,204$7,046$181,712
7$252,681$57,314$7,328$188,039
8$262,788$60,745$7,621$194,422
9$273,299$64,424$7,926$200,950
10$284,231$68,250$8,243$207,738
11$295,601$72,229$8,572$214,799
12$307,425$76,368$8,915$222,141
13$319,722$80,672$9,272$229,778
14$332,510$85,148$9,643$237,720
15$345,811$89,803$10,029$245,979
16$359,643$94,644$10,430$254,569
17$374,029$99,679$10,847$263,503
18$388,990$104,916$11,281$272,794
19$404,550$110,362$11,732$282,456
20$420,732$116,025$12,201$292,505
21$437,561$121,916$12,689$302,956
22$455,063$128,041$13,197$313,825
23$473,266$134,412$13,725$325,129
24$492,197$141,038$14,274$336,885
25$511,884$147,929$14,845$349,111
26$532,360$155,095$15,438$361,826
27$553,654$162,548$16,056$375,050
28$575,800$170,299$16,698$388,803
29$598,832$178,361$17,366$403,106
30$622,786$186,744$18,061$417,981
Total$11,200,000$2,989,732$324,802$7,885,468

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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.