Jackpot Analysis North Dakota Powerball

Jackpot Analysis for North Dakota Powerball
The jackpot for the Powerball draw on Mon Jan 13, 2025, is projected to be $285 Million, with an option for a cash payout of $124.9 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 Jan 13, 2025
Draw DateMon Jan 13, 2025
Projected Jackpot$285,000,000
Cash Value$124,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$124,900,000
Federal Tax(24%)$29,976,000
Additional Federal Tax$16,197,330
State Tax(2.9%)$3,622,100
Net Lumpsum Payment$75,104,570
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $4,289,535 $1,547,458
$124,397
$2,617,680
2 $4,504,140 $1,626,862
$130,620
$2,746,658
3 $4,729,290 $1,710,168
$137,149
$2,881,973
4 $4,965,840 $1,797,691
$144,009
$3,024,140
5 $5,214,075 $1,889,538
$151,208
$3,173,329
6 $5,474,850 $1,986,025
$158,771
$3,330,054
7 $5,748,450 $2,087,257
$166,705
$3,494,488
8 $6,036,015 $2,193,656
$175,044
$3,667,315
9 $6,337,830 $2,305,327
$183,797
$3,848,706
10 $6,654,750 $2,422,588
$192,988
$4,039,174
11 $6,987,345 $2,545,648
$202,633
$4,239,064
12 $7,336,755 $2,674,930
$212,766
$4,449,059
13 $7,703,550 $2,810,644
$223,403
$4,669,503
14 $8,088,870 $2,953,212
$234,577
$4,901,081
15 $8,493,285 $3,102,846
$246,305
$5,144,134
16 $8,917,935 $3,259,966
$258,620
$5,399,349
17 $9,363,675 $3,424,890
$271,547
$5,667,238
18 $9,831,930 $3,598,144
$285,126
$5,948,660
19 $10,323,555 $3,780,046
$299,383
$6,244,126
20 $10,839,690 $3,971,016
$314,351
$6,554,323
21 $11,381,760 $4,171,582
$330,071
$6,880,107
22 $11,950,905 $4,382,165
$346,576
$7,222,164
23 $12,548,265 $4,603,188
$363,900
$7,581,177
24 $13,175,835 $4,835,389
$382,099
$7,958,347
25 $13,834,470 $5,079,084
$401,200
$8,354,186
26 $14,526,450 $5,335,117
$421,267
$8,770,066
27 $15,252,630 $5,603,803
$442,326
$9,206,501
28 $16,015,290 $5,885,988
$464,443
$9,664,859
29 $16,816,140 $6,182,302
$487,668
$10,146,170
30 $17,656,890 $6,493,380
$512,050
$10,651,460