USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Apr 30, 1997

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The tax information provided here is based on 2024 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 $26,000,000 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:Wed, Apr 30, 1997
Jackpot:$26,000,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$463,583$132,629$13,444$317,510
2$482,126$139,119$13,982$329,025
3$501,411$145,869$14,541$341,001
4$521,467$152,888$15,123$353,456
5$542,326$160,189$15,727$366,410
6$564,019$167,781$16,357$379,881
7$586,580$175,678$17,011$393,891
8$610,043$183,904$17,691$408,448
9$634,445$192,932$18,399$423,114
10$659,823$202,322$19,135$438,366
11$686,215$212,087$19,900$454,228
12$713,664$222,243$20,696$470,724
13$742,211$232,806$21,524$487,881
14$771,899$243,790$22,385$505,724
15$802,775$255,215$23,280$524,280
16$834,886$267,096$24,212$543,579
17$868,281$279,452$25,180$563,649
18$903,013$292,302$26,187$584,523
19$939,133$305,667$27,235$606,231
20$976,699$319,566$28,324$628,808
21$1,015,767$334,021$29,457$652,288
22$1,056,397$349,055$30,636$676,707
23$1,098,653$364,689$31,861$702,103
24$1,142,599$380,949$33,135$728,514
25$1,188,303$397,860$34,461$755,982
26$1,235,835$415,447$35,839$784,549
27$1,285,269$433,737$37,273$814,259
28$1,336,679$452,759$38,764$845,157
29$1,390,147$472,542$40,314$877,290
30$1,445,752$493,116$41,927$910,709
Total$26,000,000$8,377,710$754,000$16,868,287

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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.