The jackpot for the Powerball draw on Wed Jul 15, 2026, is projected to be $498 Million, with an option for a cash payout of $221 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 15, 2026 |
|---|
| Draw Date | Wed Jul 15, 2026 | | Projected Jackpot | $498,000,000 | | Cash Value | $221,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $221,000,000 | | Federal Tax(24%) | $53,040,000 | | Additional Federal Tax | $28,690,330 | | State Tax(2.9%) | $6,409,000 | | Net Lumpsum Payment | $132,860,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,495,398 |
$2,733,628
$217,367 |
$4,544,403 |
| 2 |
$7,870,392 |
$2,872,375
$228,241 |
$4,769,776 |
| 3 |
$8,263,812 |
$3,017,941
$239,651 |
$5,006,220 |
| 4 |
$8,677,152 |
$3,170,877
$251,637 |
$5,254,638 |
| 5 |
$9,110,910 |
$3,331,367
$264,216 |
$5,515,327 |
| 6 |
$9,566,580 |
$3,499,965
$277,431 |
$5,789,184 |
| 7 |
$10,044,660 |
$3,676,855
$291,295 |
$6,076,510 |
| 8 |
$10,547,142 |
$3,862,773
$305,867 |
$6,378,502 |
| 9 |
$11,074,524 |
$4,057,904
$321,161 |
$6,695,459 |
| 10 |
$11,628,300 |
$4,262,801
$337,221 |
$7,028,278 |
| 11 |
$12,209,466 |
$4,477,833
$354,075 |
$7,377,558 |
| 12 |
$12,820,014 |
$4,703,736
$371,780 |
$7,744,498 |
| 13 |
$13,460,940 |
$4,940,878
$390,367 |
$8,129,695 |
| 14 |
$14,134,236 |
$5,189,998
$409,893 |
$8,534,345 |
| 15 |
$14,840,898 |
$5,451,463
$430,386 |
$8,959,049 |
| 16 |
$15,582,918 |
$5,726,010
$451,905 |
$9,405,003 |
| 17 |
$16,361,790 |
$6,014,193
$474,492 |
$9,873,105 |
| 18 |
$17,180,004 |
$6,316,932
$498,220 |
$10,364,852 |
| 19 |
$18,039,054 |
$6,634,780
$523,133 |
$10,881,141 |
| 20 |
$18,940,932 |
$6,968,475
$549,287 |
$11,423,170 |
| 21 |
$19,888,128 |
$7,318,938
$576,756 |
$11,992,434 |
| 22 |
$20,882,634 |
$7,686,905
$605,596 |
$12,590,133 |
| 23 |
$21,926,442 |
$8,073,114
$635,867 |
$13,217,461 |
| 24 |
$23,023,038 |
$8,478,854
$667,668 |
$13,876,516 |
| 25 |
$24,173,916 |
$8,904,679
$701,044 |
$14,568,193 |
| 26 |
$25,383,060 |
$9,352,063
$736,109 |
$15,294,888 |
| 27 |
$26,651,964 |
$9,821,557
$772,907 |
$16,057,500 |
| 28 |
$27,984,612 |
$10,314,637
$811,554 |
$16,858,421 |
| 29 |
$29,383,992 |
$10,832,407
$852,136 |
$17,699,449 |
| 30 |
$30,853,092 |
$11,375,974
$894,740 |
$18,582,378 |
|
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