USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Dec 29, 2004

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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 $13,900,000 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, Dec 29, 2004
Jackpot:$13,900,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$247,838$55,764$7,187$184,887
2$257,752$58,982$7,475$191,295
3$268,062$62,591$7,774$197,697
4$278,784$66,344$8,085$204,356
5$289,936$70,247$8,408$211,281
6$301,533$74,306$8,744$218,483
7$313,595$78,527$9,094$225,973
8$326,138$82,918$9,458$233,763
9$339,184$87,484$9,836$241,864
10$352,751$92,232$10,230$250,289
11$366,861$97,171$10,639$259,052
12$381,536$102,307$11,065$268,164
13$396,797$107,648$11,507$277,642
14$412,669$113,203$11,967$287,498
15$429,176$118,981$12,446$297,749
16$446,343$124,989$12,944$308,410
17$464,197$131,238$13,462$319,497
18$482,764$137,737$14,000$331,028
19$502,075$144,496$14,560$343,019
20$522,158$151,525$15,143$355,491
21$543,044$158,835$15,748$368,461
22$564,766$166,437$16,378$381,951
23$587,357$174,344$17,033$395,979
24$610,851$182,567$17,715$410,569
25$635,285$191,119$18,423$425,743
26$660,697$200,415$19,160$441,121
27$687,124$210,193$19,927$457,005
28$714,609$220,363$20,724$473,523
29$743,194$230,939$21,553$490,702
30$772,922$241,938$22,415$508,569
Total$13,900,000$3,935,840$403,100$9,561,061

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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.