USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Jan 22, 1997

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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 $16,400,000 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 22, 1997
Jackpot:$16,400,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$292,414$71,114$8,480$212,820
2$304,110$75,208$8,819$220,083
3$316,275$79,465$9,172$227,637
4$328,926$83,893$9,539$235,494
5$342,083$88,498$9,920$243,664
6$355,766$93,287$10,317$252,161
7$369,997$98,268$10,730$260,999
8$384,796$103,448$11,159$270,189
9$400,188$108,835$11,605$279,748
10$416,196$114,438$12,070$289,688
11$432,844$120,265$12,552$300,027
12$450,157$126,324$13,055$310,778
13$468,164$132,627$13,577$321,960
14$486,890$139,181$14,120$333,590
15$506,366$145,997$14,685$345,684
16$526,620$153,086$15,272$358,262
17$547,685$160,459$15,883$371,343
18$569,593$168,127$16,518$384,948
19$592,376$176,101$17,179$399,096
20$616,071$184,394$17,866$413,811
21$640,714$193,022$18,581$429,112
22$666,343$202,504$19,324$444,515
23$692,997$212,366$20,097$460,534
24$720,716$222,622$20,901$477,193
25$749,545$233,289$21,737$494,519
26$779,527$244,382$22,606$512,538
27$810,708$255,919$23,511$531,278
28$843,136$267,918$24,451$550,768
29$876,862$280,396$25,429$571,037
30$911,936$293,374$26,446$592,116
Total$16,400,000$4,828,807$475,601$11,095,592

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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.