The jackpot for the Powerball draw on Sat Jul 5, 2025, is projected to be $190 Million, with an option for a cash payout of $87 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 Jul 5, 2025 |
---|
Draw Date | Sat Jul 5, 2025 | Projected Jackpot | $190,000,000 | Cash Value | $87,000,000 |
Lumpsum Option Taxes and Payment |
---|
Cash Gross Payment | $87,000,000 | Federal Tax(24%) | $20,880,000 | Additional Federal Tax | $11,270,330 | State Tax(2.9%) | $2,523,000 | Net Lumpsum Payment | $52,326,670 |
Annuity Payment in 30 Installations |
---|
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$2,859,690 |
$1,018,416 $82,931 |
$1,758,343 |
2 |
$3,002,760 |
$1,071,352 $87,080 |
$1,844,328 |
3 |
$3,152,860 |
$1,126,889 $91,433 |
$1,934,538 |
4 |
$3,310,560 |
$1,185,238 $96,006 |
$2,029,316 |
5 |
$3,476,050 |
$1,246,469 $100,805 |
$2,128,776 |
6 |
$3,649,900 |
$1,310,793 $105,847 |
$2,233,260 |
7 |
$3,832,300 |
$1,378,281 $111,137 |
$2,342,882 |
8 |
$4,024,010 |
$1,449,214 $116,696 |
$2,458,100 |
9 |
$4,225,220 |
$1,523,662 $122,531 |
$2,579,027 |
10 |
$4,436,500 |
$1,601,835 $128,659 |
$2,706,006 |
11 |
$4,658,230 |
$1,683,875 $135,089 |
$2,839,266 |
12 |
$4,891,170 |
$1,770,063 $141,844 |
$2,979,263 |
13 |
$5,135,700 |
$1,860,539 $148,935 |
$3,126,226 |
14 |
$5,392,580 |
$1,955,585 $156,385 |
$3,280,610 |
15 |
$5,662,190 |
$2,055,341 $164,204 |
$3,442,645 |
16 |
$5,945,290 |
$2,160,088 $172,413 |
$3,612,789 |
17 |
$6,242,450 |
$2,270,037 $181,031 |
$3,791,382 |
18 |
$6,554,620 |
$2,385,540 $190,084 |
$3,978,996 |
19 |
$6,882,370 |
$2,506,807 $199,589 |
$4,175,974 |
20 |
$7,226,460 |
$2,634,121 $209,567 |
$4,382,772 |
21 |
$7,587,840 |
$2,767,831 $220,047 |
$4,599,962 |
22 |
$7,967,270 |
$2,908,220 $231,051 |
$4,827,999 |
23 |
$8,365,510 |
$3,055,569 $242,600 |
$5,067,341 |
24 |
$8,783,890 |
$3,210,370 $254,733 |
$5,318,787 |
25 |
$9,222,980 |
$3,372,833 $267,466 |
$5,582,681 |
26 |
$9,684,300 |
$3,543,521 $280,845 |
$5,859,934 |
27 |
$10,168,420 |
$3,722,646 $294,884 |
$6,150,890 |
28 |
$10,676,860 |
$3,910,769 $309,629 |
$6,456,462 |
29 |
$11,210,760 |
$4,108,312 $325,112 |
$6,777,336 |
30 |
$11,771,260 |
$4,315,697 $341,367 |
$7,114,196 |
|
|