The jackpot for the Powerball draw on Wed Mar 12, 2025, is projected to be $353 Million, with an option for a cash payout of $165.7 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 Wed Mar 12, 2025 |
|---|
| Draw Date | Wed Mar 12, 2025 | | Projected Jackpot | $353,000,000 | | Cash Value | $165,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $165,700,000 | | Federal Tax(24%) | $39,768,000 | | Additional Federal Tax | $21,501,330 | | State Tax(2.9%) | $4,805,300 | | Net Lumpsum Payment | $99,625,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,313,003 |
$1,926,141
$154,077 |
$3,232,785 |
| 2 |
$5,578,812 |
$2,024,491
$161,786 |
$3,392,535 |
| 3 |
$5,857,682 |
$2,127,673
$169,873 |
$3,560,136 |
| 4 |
$6,150,672 |
$2,236,079
$178,369 |
$3,736,224 |
| 5 |
$6,458,135 |
$2,349,840
$187,286 |
$3,921,009 |
| 6 |
$6,781,130 |
$2,469,348
$196,653 |
$4,115,129 |
| 7 |
$7,120,010 |
$2,594,734
$206,480 |
$4,318,796 |
| 8 |
$7,476,187 |
$2,726,520
$216,809 |
$4,532,858 |
| 9 |
$7,850,014 |
$2,864,836
$227,650 |
$4,757,528 |
| 10 |
$8,242,550 |
$3,010,074
$239,034 |
$4,993,442 |
| 11 |
$8,654,501 |
$3,162,496
$250,981 |
$5,241,024 |
| 12 |
$9,087,279 |
$3,322,624
$263,531 |
$5,501,124 |
| 13 |
$9,541,590 |
$3,490,719
$276,706 |
$5,774,165 |
| 14 |
$10,018,846 |
$3,667,303
$290,547 |
$6,060,996 |
| 15 |
$10,519,753 |
$3,852,639
$305,073 |
$6,362,041 |
| 16 |
$11,045,723 |
$4,047,248
$320,326 |
$6,678,149 |
| 17 |
$11,597,815 |
$4,251,522
$336,337 |
$7,009,956 |
| 18 |
$12,177,794 |
$4,466,114
$353,156 |
$7,358,524 |
| 19 |
$12,786,719 |
$4,691,416
$370,815 |
$7,724,488 |
| 20 |
$13,426,002 |
$4,927,951
$389,354 |
$8,108,697 |
| 21 |
$14,097,408 |
$5,176,371
$408,825 |
$8,512,212 |
| 22 |
$14,802,349 |
$5,437,200
$429,268 |
$8,935,881 |
| 23 |
$15,542,237 |
$5,710,958
$450,725 |
$9,380,554 |
| 24 |
$16,319,543 |
$5,998,561
$473,267 |
$9,847,715 |
| 25 |
$17,135,326 |
$6,300,401
$496,924 |
$10,338,001 |
| 26 |
$17,992,410 |
$6,617,522
$521,780 |
$10,853,108 |
| 27 |
$18,891,854 |
$6,950,316
$547,864 |
$11,393,674 |
| 28 |
$19,836,482 |
$7,299,829
$575,258 |
$11,961,395 |
| 29 |
$20,828,412 |
$7,666,843
$604,024 |
$12,557,545 |
| 30 |
$21,869,762 |
$8,052,142
$634,223 |
$13,183,397 |
|
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