USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Jan 12, 1994

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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 $14,100,000 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 12, 1994
Jackpot:$14,100,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$251,404$56,905$7,291$187,208
2$261,461$60,280$7,582$193,598
3$271,919$63,941$7,886$200,092
4$282,796$67,748$8,201$206,847
5$294,108$71,707$8,529$213,872
6$305,872$75,824$8,870$221,177
7$318,107$80,107$9,225$228,775
8$330,831$84,560$9,594$236,677
9$344,064$89,192$9,978$244,895
10$357,827$94,009$10,377$253,441
11$372,140$99,018$10,792$262,330
12$387,026$104,228$11,224$271,574
13$402,507$109,647$11,673$281,187
14$418,607$115,282$12,140$291,186
15$435,351$121,142$12,625$301,584
16$452,765$127,237$13,130$312,398
17$470,876$133,576$13,655$323,645
18$489,711$140,168$14,202$335,341
19$509,299$147,024$14,770$347,506
20$529,671$154,154$15,360$360,157
21$550,858$161,570$15,975$373,314
22$572,892$169,282$16,614$386,997
23$595,808$177,302$17,278$401,228
24$619,640$185,643$17,970$416,027
25$644,426$194,395$18,688$431,343
26$670,203$203,932$19,436$446,835
27$697,011$213,851$20,213$462,946
28$724,892$224,167$21,022$479,703
29$753,887$234,896$21,863$497,129
30$784,043$246,053$22,737$515,252
Total$14,100,000$4,006,840$408,900$9,684,264

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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.