North Dakota Lottery

NDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 10, 2025 is estimated to be $335 Million, with a cash option of 157.3 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 Mon Mar 10, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 10, 2025	$335,000,000	$157,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$157,300,000
Federal Tax(24%)	$37,752,000
Additional Federal Tax	$20,409,330
State Tax(2.9%)	$4,561,700
Net Lumpsum Payment	$94,576,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$146,220	$3,069,963
2	$5,294,340	-$1,919,236 -$153,536	$3,221,568
3	$5,558,990	-$2,017,157 -$161,211	$3,380,622
4	$5,837,040	-$2,120,035 -$169,274	$3,547,731
5	$6,128,825	-$2,227,996 -$177,736	$3,723,093
6	$6,435,350	-$2,341,410 -$186,625	$3,907,315
7	$6,756,950	-$2,460,402 -$195,952	$4,100,596
8	$7,094,965	-$2,585,467 -$205,754	$4,303,744
9	$7,449,730	-$2,716,730 -$216,042	$4,516,958
10	$7,822,250	-$2,854,563 -$226,845	$4,740,842
11	$8,213,195	-$2,999,213 -$238,183	$4,975,799
12	$8,623,905	-$3,151,175 -$250,093	$5,222,637
13	$9,055,050	-$3,310,699 -$262,596	$5,481,755
14	$9,507,970	-$3,478,279 -$275,731	$5,753,960
15	$9,983,335	-$3,654,164 -$289,517	$6,039,654
16	$10,482,485	-$3,838,850 -$303,992	$6,339,643
17	$11,006,425	-$4,032,708 -$319,186	$6,654,531
18	$11,556,830	-$4,236,357 -$335,148	$6,985,325
19	$12,134,705	-$4,450,171 -$351,906	$7,332,628
20	$12,741,390	-$4,674,645 -$369,500	$7,697,245
21	$13,378,560	-$4,910,398 -$387,978	$8,080,184
22	$14,047,555	-$5,157,926 -$407,379	$8,482,250
23	$14,749,715	-$5,417,725 -$427,742	$8,904,248
24	$15,487,385	-$5,690,663 -$449,134	$9,347,588
25	$16,261,570	-$5,977,111 -$471,586	$9,812,873
26	$17,074,950	-$6,278,062 -$495,174	$10,301,714
27	$17,928,530	-$6,593,886 -$519,927	$10,814,717
28	$18,824,990	-$6,925,577 -$545,925	$11,353,488
29	$19,766,340	-$7,273,876 -$573,224	$11,919,240
30	$20,754,590	-$7,639,529 -$601,883	$12,513,178