The jackpot for the Powerball draw on Mon Oct 13, 2025, is projected to be $258 Million, with an option for a cash payout of $120.8 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For North Dakota residents, the state will deduct 2.9% from your lottery earnings.
North Dakota Powerball Jackpot/Cash Option for Mon Oct 13, 2025 |
---|
Draw Date | Mon Oct 13, 2025 | Projected Jackpot | $258,000,000 | Cash Value | $120,800,000 |
Lumpsum Option Taxes and Payment |
---|
Cash Gross Payment | $120,800,000 | Federal Tax(24%) | $28,992,000 | Additional Federal Tax | $15,664,330 | State Tax(2.9%) | $3,503,200 | Net Lumpsum Payment | $72,640,470 |
Annuity Payment in 30 Installations |
---|
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,883,158 |
$1,397,099 $112,612 |
$2,373,447 |
2 |
$4,077,432 |
$1,468,980 $118,246 |
$2,490,206 |
3 |
$4,281,252 |
$1,544,394 $124,156 |
$2,612,702 |
4 |
$4,495,392 |
$1,623,625 $130,366 |
$2,741,401 |
5 |
$4,720,110 |
$1,706,771 $136,883 |
$2,876,456 |
6 |
$4,956,180 |
$1,794,117 $143,729 |
$3,018,334 |
7 |
$5,203,860 |
$1,885,759 $150,912 |
$3,167,189 |
8 |
$5,464,182 |
$1,982,078 $158,461 |
$3,323,643 |
9 |
$5,737,404 |
$2,083,170 $166,385 |
$3,487,849 |
10 |
$6,024,300 |
$2,189,321 $174,705 |
$3,660,274 |
11 |
$6,325,386 |
$2,300,723 $183,436 |
$3,841,227 |
12 |
$6,641,694 |
$2,417,757 $192,609 |
$4,031,328 |
13 |
$6,973,740 |
$2,540,614 $202,238 |
$4,230,888 |
14 |
$7,322,556 |
$2,669,676 $212,354 |
$4,440,526 |
15 |
$7,688,658 |
$2,805,134 $222,971 |
$4,660,553 |
16 |
$8,073,078 |
$2,947,369 $234,119 |
$4,891,590 |
17 |
$8,476,590 |
$3,096,669 $245,821 |
$5,134,100 |
18 |
$8,900,484 |
$3,253,509 $258,114 |
$5,388,861 |
19 |
$9,345,534 |
$3,418,178 $271,020 |
$5,656,336 |
20 |
$9,812,772 |
$3,591,056 $284,570 |
$5,937,146 |
21 |
$10,303,488 |
$3,772,621 $298,801 |
$6,232,066 |
22 |
$10,818,714 |
$3,963,255 $313,743 |
$6,541,716 |
23 |
$11,359,482 |
$4,163,339 $329,425 |
$6,866,718 |
24 |
$11,927,598 |
$4,373,542 $345,900 |
$7,208,156 |
25 |
$12,523,836 |
$4,594,150 $363,191 |
$7,566,495 |
26 |
$13,150,260 |
$4,825,927 $381,358 |
$7,942,975 |
27 |
$13,807,644 |
$5,069,159 $400,422 |
$8,338,063 |
28 |
$14,498,052 |
$5,324,610 $420,444 |
$8,752,998 |
29 |
$15,223,032 |
$5,592,852 $441,468 |
$9,188,712 |
30 |
$15,984,132 |
$5,874,459 $463,540 |
$9,646,133 |
|
|