North Dakota Lottery

NDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 11, 2025 is estimated to be $263 Million, with a cash option of 117.7 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 Jan 11, 2025

Draw Date	Jackpot	Cash Option
Sat Jan 11, 2025	$263,000,000	$117,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$117,700,000
Federal Tax(24%)	$28,248,000
Additional Federal Tax	$15,261,330
State Tax(2.9%)	$3,413,300
Net Lumpsum Payment	$70,777,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,958,413	-$1,424,943 -$114,794	$2,418,676
2	$4,156,452	-$1,498,218 -$120,537	$2,537,697
3	$4,364,222	-$1,575,093 -$126,562	$2,662,567
4	$4,582,512	-$1,655,860 -$132,893	$2,793,759
5	$4,811,585	-$1,740,617 -$139,536	$2,931,432
6	$5,052,230	-$1,829,655 -$146,515	$3,076,060
7	$5,304,710	-$1,923,073 -$153,837	$3,227,800
8	$5,570,077	-$2,021,259 -$161,532	$3,387,286
9	$5,848,594	-$2,124,310 -$169,609	$3,554,675
10	$6,141,050	-$2,232,519 -$178,090	$3,730,441
11	$6,447,971	-$2,346,080 -$186,991	$3,914,900
12	$6,770,409	-$2,465,382 -$196,342	$4,108,685
13	$7,108,890	-$2,590,620 -$206,158	$4,312,112
14	$7,464,466	-$2,722,183 -$216,470	$4,525,813
15	$7,837,663	-$2,860,266 -$227,292	$4,750,105
16	$8,229,533	-$3,005,258 -$238,656	$4,985,619
17	$8,640,865	-$3,157,450 -$250,585	$5,232,830
18	$9,072,974	-$3,317,331 -$263,116	$5,492,527
19	$9,526,649	-$3,485,191 -$276,273	$5,765,185
20	$10,002,942	-$3,661,419 -$290,085	$6,051,438
21	$10,503,168	-$3,846,503 -$304,592	$6,352,073
22	$11,028,379	-$4,040,831 -$319,823	$6,667,725
23	$11,579,627	-$4,244,792 -$335,809	$6,999,026
24	$12,158,753	-$4,459,069 -$352,604	$7,347,080
25	$12,766,546	-$4,683,952 -$370,230	$7,712,364
26	$13,405,110	-$4,920,221 -$388,748	$8,096,141
27	$14,075,234	-$5,168,167 -$408,182	$8,498,885
28	$14,779,022	-$5,428,569 -$428,592	$8,921,861
29	$15,518,052	-$5,702,010 -$450,024	$9,366,018
30	$16,293,902	-$5,989,074 -$472,523	$9,832,305