USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Jan 25, 1995

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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 $5,600,000 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, Jan 25, 1995
Jackpot:$5,600,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$99,849$16,679$2,896$80,274
2$103,842$17,557$3,011$83,274
3$107,996$18,517$3,132$86,347
4$112,316$19,554$3,257$89,505
5$116,809$20,632$3,387$92,789
6$121,481$21,753$3,523$96,205
7$126,340$22,920$3,664$99,757
8$131,394$24,133$3,810$103,451
9$136,650$25,394$3,963$107,293
10$142,116$26,706$4,121$111,289
11$147,800$28,070$4,286$115,444
12$153,712$29,489$4,458$119,766
13$159,861$30,965$4,636$124,260
14$166,255$32,499$4,821$128,935
15$172,905$34,095$5,014$133,796
16$179,822$35,755$5,215$138,852
17$187,014$37,481$5,423$144,110
18$194,495$39,277$5,640$149,578
19$202,275$41,184$5,866$155,225
20$210,366$43,773$6,101$160,492
21$218,780$46,466$6,345$165,970
22$227,532$49,266$6,598$171,667
23$236,633$52,179$6,862$177,592
24$246,098$55,207$7,137$183,754
25$255,942$58,358$7,422$190,162
26$266,180$61,932$7,719$196,528
27$276,827$65,659$8,028$203,140
28$287,900$69,534$8,349$210,017
29$299,416$73,565$8,683$217,168
30$311,393$77,757$9,030$224,606
Total$5,600,000$1,176,356$162,397$4,261,246

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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.