The jackpot for the Powerball draw on Sat May 10, 2025, is projected to be $82 Million, with an option for a cash payout of $37.7 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 Sat May 10, 2025 |
|---|
| Draw Date | Sat May 10, 2025 | | Projected Jackpot | $82,000,000 | | Cash Value | $37,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $37,700,000 | | Federal Tax(24%) | $9,048,000 | | Additional Federal Tax | $4,861,330 | | State Tax(2.9%) | $1,093,300 | | Net Lumpsum Payment | $22,697,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,234,182 |
$416,978
$35,791 |
$781,413 |
| 2 |
$1,295,928 |
$439,824
$37,582 |
$818,522 |
| 3 |
$1,360,708 |
$463,792
$39,461 |
$857,455 |
| 4 |
$1,428,768 |
$488,975
$41,434 |
$898,359 |
| 5 |
$1,500,190 |
$515,401
$43,506 |
$941,283 |
| 6 |
$1,575,220 |
$543,162
$45,681 |
$986,377 |
| 7 |
$1,653,940 |
$572,288
$47,964 |
$1,033,688 |
| 8 |
$1,736,678 |
$602,901
$50,364 |
$1,083,413 |
| 9 |
$1,823,516 |
$635,031
$52,882 |
$1,135,603 |
| 10 |
$1,914,700 |
$668,769
$55,526 |
$1,190,405 |
| 11 |
$2,010,394 |
$704,176
$58,301 |
$1,247,917 |
| 12 |
$2,110,926 |
$741,373
$61,217 |
$1,308,336 |
| 13 |
$2,216,460 |
$780,421
$64,277 |
$1,371,762 |
| 14 |
$2,327,324 |
$821,440
$67,492 |
$1,438,392 |
| 15 |
$2,443,682 |
$864,493
$70,867 |
$1,508,322 |
| 16 |
$2,565,862 |
$909,699
$74,410 |
$1,581,753 |
| 17 |
$2,694,110 |
$957,151
$78,129 |
$1,658,830 |
| 18 |
$2,828,836 |
$1,007,000
$82,036 |
$1,739,800 |
| 19 |
$2,970,286 |
$1,059,336
$86,138 |
$1,824,812 |
| 20 |
$3,118,788 |
$1,114,282
$90,445 |
$1,914,061 |
| 21 |
$3,274,752 |
$1,171,989
$94,968 |
$2,007,795 |
| 22 |
$3,438,506 |
$1,232,578
$99,717 |
$2,106,211 |
| 23 |
$3,610,378 |
$1,296,170
$104,701 |
$2,209,507 |
| 24 |
$3,790,942 |
$1,362,979
$109,937 |
$2,318,026 |
| 25 |
$3,980,444 |
$1,433,095
$115,433 |
$2,431,916 |
| 26 |
$4,179,540 |
$1,506,760
$121,207 |
$2,551,573 |
| 27 |
$4,388,476 |
$1,584,067
$127,266 |
$2,677,143 |
| 28 |
$4,607,908 |
$1,665,256
$133,629 |
$2,809,023 |
| 29 |
$4,838,328 |
$1,750,512
$140,312 |
$2,947,504 |
| 30 |
$5,080,228 |
$1,840,015
$147,327 |
$3,092,886 |
|
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