North Dakota Lottery

NDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 22, 2025 is estimated to be $31 Million, with a cash option of 13.8 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 Wed Jan 22, 2025

Draw Date	Jackpot	Cash Option
Wed Jan 22, 2025	$31,000,000	$13,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$13,800,000
Federal Tax(24%)	$3,312,000
Additional Federal Tax	$1,754,330
State Tax(2.9%)	$400,200
Net Lumpsum Payment	$8,333,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$466,581	-$132,965 -$13,531	$320,085
2	$489,924	-$141,602 -$14,208	$334,114
3	$514,414	-$150,664 -$14,918	$348,832
4	$540,144	-$160,184 -$15,664	$364,296
5	$567,145	-$170,174 -$16,447	$380,524
6	$595,510	-$180,669 -$17,270	$397,571
7	$625,270	-$191,680 -$18,133	$415,457
8	$656,549	-$203,254 -$19,040	$434,255
9	$689,378	-$215,400 -$19,992	$453,986
10	$723,850	-$228,155 -$20,992	$474,703
11	$760,027	-$241,540 -$22,041	$496,446
12	$798,033	-$255,603 -$23,143	$519,287
13	$837,930	-$270,364 -$24,300	$543,266
14	$879,842	-$285,872 -$25,515	$568,455
15	$923,831	-$302,148 -$26,791	$594,892
16	$970,021	-$319,238 -$28,131	$622,652
17	$1,018,505	-$337,177 -$29,537	$651,791
18	$1,069,438	-$356,022 -$31,014	$682,402
19	$1,122,913	-$375,808 -$32,564	$714,541
20	$1,179,054	-$396,580 -$34,193	$748,281
21	$1,238,016	-$418,396 -$35,902	$783,718
22	$1,299,923	-$441,302 -$37,698	$820,923
23	$1,364,899	-$465,343 -$39,582	$859,974
24	$1,433,161	-$490,600 -$41,562	$900,999
25	$1,504,802	-$517,107 -$43,639	$944,056
26	$1,580,070	-$544,956 -$45,822	$989,292
27	$1,659,058	-$574,182 -$48,113	$1,036,763
28	$1,742,014	-$604,876 -$50,518	$1,086,620
29	$1,829,124	-$637,106 -$53,045	$1,138,973
30	$1,920,574	-$670,943 -$55,697	$1,193,934