North Dakota Lottery

NDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 22, 2025 is estimated to be $215 Million, with a cash option of 99.3 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of North Dakota, your state will take 2.9% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

North Dakota Powerball Jackpot/Cash Option for Sat Feb 22, 2025

Draw Date	Jackpot	Cash Option
Sat Feb 22, 2025	$215,000,000	$99,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$99,300,000
Federal Tax(24%)	$23,832,000
Additional Federal Tax	$12,869,330
State Tax(2.9%)	$2,879,700
Net Lumpsum Payment	$59,718,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,235,965	-$1,157,637 -$93,843	$1,984,485
2	$3,397,860	-$1,217,539 -$98,538	$2,081,783
3	$3,567,710	-$1,280,383 -$103,464	$2,183,863
4	$3,746,160	-$1,346,410 -$108,639	$2,291,111
5	$3,933,425	-$1,415,698 -$114,069	$2,403,658
6	$4,130,150	-$1,488,486 -$119,774	$2,521,890
7	$4,336,550	-$1,564,854 -$125,760	$2,645,936
8	$4,553,485	-$1,645,120 -$132,051	$2,776,314
9	$4,781,170	-$1,729,363 -$138,654	$2,913,153
10	$5,020,250	-$1,817,823 -$145,587	$3,056,840
11	$5,271,155	-$1,910,658 -$152,863	$3,207,634
12	$5,534,745	-$2,008,186 -$160,508	$3,366,051
13	$5,811,450	-$2,110,567 -$168,532	$3,532,351
14	$6,102,130	-$2,218,118 -$176,962	$3,707,050
15	$6,407,215	-$2,331,000 -$185,809	$3,890,406
16	$6,727,565	-$2,449,529 -$195,099	$4,082,937
17	$7,063,825	-$2,573,946 -$204,851	$4,285,028
18	$7,417,070	-$2,704,646 -$215,095	$4,497,329
19	$7,787,945	-$2,841,870 -$225,850	$4,720,225
20	$8,177,310	-$2,985,935 -$237,142	$4,954,233
21	$8,586,240	-$3,137,239 -$249,001	$5,200,000
22	$9,015,595	-$3,296,101 -$261,452	$5,458,042
23	$9,466,235	-$3,462,837 -$274,521	$5,728,877
24	$9,939,665	-$3,638,006 -$288,250	$6,013,409
25	$10,436,530	-$3,821,846 -$302,659	$6,312,025
26	$10,958,550	-$4,014,994 -$317,798	$6,625,758
27	$11,506,370	-$4,217,687 -$333,685	$6,954,998
28	$12,081,710	-$4,430,563 -$350,370	$7,300,777
29	$12,685,860	-$4,654,099 -$367,890	$7,663,871
30	$13,320,110	-$4,888,771 -$386,283	$8,045,056