USA Mega

North Dakota Powerball Jackpot Annuity Payout Schedule for Mar 25, 1995

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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 $28,500,000 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, Mar 25, 1995
Jackpot:$28,500,000
Federal Tax:37% marginal rate
State Tax: 2.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$508,158$146,624$14,737$346,797
2$528,484$153,739$15,326$359,419
3$549,624$161,137$15,939$372,547
4$571,608$168,832$16,577$386,200
5$594,473$176,835$17,240$400,398
6$618,252$185,157$17,929$415,165
7$642,982$193,861$18,646$430,475
8$668,701$203,377$19,392$445,932
9$695,449$213,273$20,168$462,008
10$723,267$223,566$20,975$478,726
11$752,198$234,270$21,814$496,114
12$782,286$245,403$22,686$514,196
13$813,577$256,981$23,594$533,003
14$846,120$269,022$24,537$552,561
15$879,965$281,544$25,519$572,902
16$915,164$294,568$26,540$594,056
17$951,770$308,112$27,601$616,057
18$989,841$322,198$28,705$638,937
19$1,029,435$336,848$29,854$662,733
20$1,070,612$352,084$31,048$687,480
21$1,113,436$367,929$32,290$713,218
22$1,157,974$384,408$33,581$739,985
23$1,204,293$401,546$34,924$767,823
24$1,252,464$419,369$36,321$796,774
25$1,302,563$437,906$37,774$826,883
26$1,354,666$457,184$39,285$858,197
27$1,408,852$477,233$40,857$890,763
28$1,465,206$498,084$42,491$924,632
29$1,523,815$519,769$44,191$959,855
30$1,584,767$542,321$45,958$996,488
Total$28,500,000$9,233,180$826,499$18,440,324

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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.