North Dakota Lottery

NDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 29, 2025 is estimated to be $515 Million, with a cash option of 242.7 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 Mar 29, 2025

Draw Date	Jackpot	Cash Option
Sat Mar 29, 2025	$515,000,000	$242,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$242,700,000
Federal Tax(24%)	$58,248,000
Additional Federal Tax	$31,511,330
State Tax(2.9%)	$7,038,300
Net Lumpsum Payment	$145,902,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,751,265	-$2,828,298 -$224,787	$4,698,180
2	$8,139,060	-$2,971,783 -$236,033	$4,931,244
3	$8,545,910	-$3,122,317 -$247,831	$5,175,762
4	$8,973,360	-$3,280,474 -$260,227	$5,432,659
5	$9,421,925	-$3,446,443 -$273,236	$5,702,246
6	$9,893,150	-$3,620,796 -$286,901	$5,985,453
7	$10,387,550	-$3,803,724 -$301,239	$6,282,587
8	$10,907,185	-$3,995,989 -$316,308	$6,594,888
9	$11,452,570	-$4,197,781 -$332,125	$6,922,664
10	$12,025,250	-$4,409,673 -$348,732	$7,266,845
11	$12,626,255	-$4,632,045 -$366,161	$7,628,049
12	$13,257,645	-$4,865,659 -$384,472	$8,007,514
13	$13,920,450	-$5,110,897 -$403,693	$8,405,860
14	$14,616,730	-$5,368,520 -$423,885	$8,824,325
15	$15,347,515	-$5,638,911 -$445,078	$9,263,526
16	$16,114,865	-$5,922,830 -$467,331	$9,724,704
17	$16,920,325	-$6,220,851 -$490,689	$10,208,785
18	$17,766,470	-$6,533,924 -$515,228	$10,717,318
19	$18,654,845	-$6,862,623 -$540,991	$11,251,231
20	$19,587,510	-$7,207,709 -$568,038	$11,811,763
21	$20,567,040	-$7,570,135 -$596,444	$12,400,461
22	$21,595,495	-$7,950,664 -$626,269	$13,018,562
23	$22,674,935	-$8,350,056 -$657,573	$13,667,306
24	$23,808,965	-$8,769,647 -$690,460	$14,348,858
25	$24,999,130	-$9,210,008 -$724,975	$15,064,147
26	$26,249,550	-$9,672,664 -$761,237	$15,815,649
27	$27,561,770	-$10,158,185 -$799,291	$16,604,294
28	$28,939,910	-$10,668,097 -$839,257	$17,432,556
29	$30,387,060	-$11,203,543 -$881,225	$18,302,292
30	$31,906,310	-$11,765,665 -$925,283	$19,215,362