The jackpot for the Powerball draw on Wed Jul 2, 2025, is projected to be $174 Million, with an option for a cash payout of $79.7 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 Jul 2, 2025 |
|---|
| Draw Date | Wed Jul 2, 2025 | | Projected Jackpot | $174,000,000 | | Cash Value | $79,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,700,000 | | Federal Tax(24%) | $19,128,000 | | Additional Federal Tax | $10,321,330 | | State Tax(2.9%) | $2,311,300 | | Net Lumpsum Payment | $47,939,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,618,874 |
$929,314
$75,947 |
$1,613,613 |
| 2 |
$2,749,896 |
$977,792
$79,747 |
$1,692,357 |
| 3 |
$2,887,356 |
$1,028,652
$83,733 |
$1,774,971 |
| 4 |
$3,031,776 |
$1,082,088
$87,922 |
$1,861,766 |
| 5 |
$3,183,330 |
$1,138,162
$92,317 |
$1,952,851 |
| 6 |
$3,342,540 |
$1,197,070
$96,934 |
$2,048,536 |
| 7 |
$3,509,580 |
$1,258,875
$101,778 |
$2,148,927 |
| 8 |
$3,685,146 |
$1,323,834
$106,869 |
$2,254,443 |
| 9 |
$3,869,412 |
$1,392,013
$112,213 |
$2,365,186 |
| 10 |
$4,062,900 |
$1,463,603
$117,824 |
$2,481,473 |
| 11 |
$4,265,958 |
$1,538,735
$123,713 |
$2,603,510 |
| 12 |
$4,479,282 |
$1,617,665
$129,899 |
$2,731,718 |
| 13 |
$4,703,220 |
$1,700,522
$136,393 |
$2,866,305 |
| 14 |
$4,938,468 |
$1,787,564
$143,216 |
$3,007,688 |
| 15 |
$5,185,374 |
$1,878,919
$150,376 |
$3,156,079 |
| 16 |
$5,444,634 |
$1,974,845
$157,894 |
$3,311,895 |
| 17 |
$5,716,770 |
$2,075,535
$165,786 |
$3,475,449 |
| 18 |
$6,002,652 |
$2,181,312
$174,077 |
$3,647,263 |
| 19 |
$6,302,802 |
$2,292,367
$182,781 |
$3,827,654 |
| 20 |
$6,617,916 |
$2,408,959
$191,920 |
$4,017,037 |
| 21 |
$6,948,864 |
$2,531,410
$201,517 |
$4,215,937 |
| 22 |
$7,296,342 |
$2,659,977
$211,594 |
$4,424,771 |
| 23 |
$7,661,046 |
$2,794,917
$222,170 |
$4,643,959 |
| 24 |
$8,044,194 |
$2,936,682
$233,282 |
$4,874,230 |
| 25 |
$8,446,308 |
$3,085,464
$244,943 |
$5,115,901 |
| 26 |
$8,868,780 |
$3,241,779
$257,195 |
$5,369,806 |
| 27 |
$9,312,132 |
$3,405,819
$270,052 |
$5,636,261 |
| 28 |
$9,777,756 |
$3,578,100
$283,555 |
$5,916,101 |
| 29 |
$10,266,696 |
$3,759,008
$297,734 |
$6,209,954 |
| 30 |
$10,779,996 |
$3,948,929
$312,620 |
$6,518,447 |
|
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