USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Nov 30, 1996

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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 $13,000,000 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, Nov 30, 1996
Jackpot:$13,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$231,791$50,629$6,722$174,440
2$241,063$53,596$6,991$180,476
3$250,705$56,682$7,270$186,753
4$260,734$60,026$7,561$193,146
5$271,163$63,676$7,864$199,623
6$282,010$67,473$8,178$206,359
7$293,290$71,421$8,505$213,364
8$305,022$75,527$8,846$220,649
9$317,222$79,797$9,199$228,226
10$329,911$84,238$9,567$236,106
11$343,108$88,857$9,950$244,301
12$356,832$93,660$10,348$252,823
13$371,105$98,656$10,762$261,687
14$385,950$103,852$11,193$270,905
15$401,388$109,255$11,640$280,492
16$417,443$114,874$12,106$290,463
17$434,141$120,719$12,590$300,832
18$451,506$126,796$13,094$311,616
19$469,567$133,118$13,617$322,832
20$488,349$139,691$14,162$334,496
21$507,883$146,528$14,729$346,626
22$528,199$153,639$15,318$359,242
23$549,327$161,034$15,930$372,363
24$571,300$168,724$16,568$386,008
25$594,152$176,722$17,230$400,199
26$617,918$185,040$17,920$414,958
27$642,634$193,732$18,636$430,266
28$668,340$203,243$19,382$445,715
29$695,073$213,134$20,157$461,782
30$722,876$223,421$20,963$478,491
Total$13,000,000$3,617,760$376,998$9,005,239

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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.