North Dakota Lottery

NDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 10, 2025 is estimated to be $82 Million, with a cash option of 37.7 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 May 10, 2025

Draw Date	Jackpot	Cash Option
Sat May 10, 2025	$82,000,000	$37,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$37,700,000
Federal Tax(24%)	$9,048,000
Additional Federal Tax	$4,861,330
State Tax(2.9%)	$1,093,300
Net Lumpsum Payment	$22,697,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,234,182	-$416,978 -$35,791	$781,413
2	$1,295,928	-$439,824 -$37,582	$818,522
3	$1,360,708	-$463,792 -$39,461	$857,455
4	$1,428,768	-$488,975 -$41,434	$898,359
5	$1,500,190	-$515,401 -$43,506	$941,283
6	$1,575,220	-$543,162 -$45,681	$986,377
7	$1,653,940	-$572,288 -$47,964	$1,033,688
8	$1,736,678	-$602,901 -$50,364	$1,083,413
9	$1,823,516	-$635,031 -$52,882	$1,135,603
10	$1,914,700	-$668,769 -$55,526	$1,190,405
11	$2,010,394	-$704,176 -$58,301	$1,247,917
12	$2,110,926	-$741,373 -$61,217	$1,308,336
13	$2,216,460	-$780,421 -$64,277	$1,371,762
14	$2,327,324	-$821,440 -$67,492	$1,438,392
15	$2,443,682	-$864,493 -$70,867	$1,508,322
16	$2,565,862	-$909,699 -$74,410	$1,581,753
17	$2,694,110	-$957,151 -$78,129	$1,658,830
18	$2,828,836	-$1,007,000 -$82,036	$1,739,800
19	$2,970,286	-$1,059,336 -$86,138	$1,824,812
20	$3,118,788	-$1,114,282 -$90,445	$1,914,061
21	$3,274,752	-$1,171,989 -$94,968	$2,007,795
22	$3,438,506	-$1,232,578 -$99,717	$2,106,211
23	$3,610,378	-$1,296,170 -$104,701	$2,209,507
24	$3,790,942	-$1,362,979 -$109,937	$2,318,026
25	$3,980,444	-$1,433,095 -$115,433	$2,431,916
26	$4,179,540	-$1,506,760 -$121,207	$2,551,573
27	$4,388,476	-$1,584,067 -$127,266	$2,677,143
28	$4,607,908	-$1,665,256 -$133,629	$2,809,023
29	$4,838,328	-$1,750,512 -$140,312	$2,947,504
30	$5,080,228	-$1,840,015 -$147,327	$3,092,886