North Dakota Lottery

NDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Sep 21, 2024 is estimated to be $195 Million, with a cash option of 99.1 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 Sep 21, 2024

Draw Date	Jackpot	Cash Option
Sat Sep 21, 2024	$195,000,000	$99,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$99,100,000
Federal Tax(24%)	$23,784,000
Additional Federal Tax	$12,843,330
State Tax(2.9%)	$2,873,900
Net Lumpsum Payment	$59,598,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,934,945	-$1,046,260 -$85,113	$1,803,572
2	$3,081,780	-$1,100,589 -$89,372	$1,891,819
3	$3,235,830	-$1,157,587 -$93,839	$1,984,404
4	$3,397,680	-$1,217,472 -$98,533	$2,081,675
5	$3,567,525	-$1,280,315 -$103,458	$2,183,752
6	$3,745,950	-$1,346,332 -$108,633	$2,290,985
7	$3,933,150	-$1,415,596 -$114,061	$2,403,493
8	$4,129,905	-$1,488,395 -$119,767	$2,521,743
9	$4,336,410	-$1,564,802 -$125,756	$2,645,852
10	$4,553,250	-$1,645,033 -$132,044	$2,776,173
11	$4,780,815	-$1,729,232 -$138,644	$2,912,939
12	$5,019,885	-$1,817,688 -$145,577	$3,056,620
13	$5,270,850	-$1,910,545 -$152,855	$3,207,450
14	$5,534,490	-$2,008,092 -$160,500	$3,365,898
15	$5,811,195	-$2,110,473 -$168,525	$3,532,197
16	$6,101,745	-$2,217,976 -$176,951	$3,706,818
17	$6,406,725	-$2,330,819 -$185,795	$3,890,111
18	$6,727,110	-$2,449,361 -$195,086	$4,082,663
19	$7,063,485	-$2,573,820 -$204,841	$4,284,824
20	$7,416,630	-$2,704,483 -$215,082	$4,497,065
21	$7,787,520	-$2,841,713 -$225,838	$4,719,969
22	$8,176,935	-$2,985,796 -$237,131	$4,954,008
23	$8,585,655	-$3,137,023 -$248,984	$5,199,648
24	$9,015,045	-$3,295,897 -$261,436	$5,457,712
25	$9,465,690	-$3,462,636 -$274,505	$5,728,549
26	$9,939,150	-$3,637,816 -$288,235	$6,013,099
27	$10,436,010	-$3,821,654 -$302,644	$6,311,712
28	$10,957,830	-$4,014,727 -$317,777	$6,625,326
29	$11,505,780	-$4,217,469 -$333,668	$6,954,643
30	$12,081,030	-$4,430,311 -$350,350	$7,300,369