The jackpot for the Powerball draw on Sat May 16, 2026, is projected to be $86 Million, with an option for a cash payout of $38.8 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 16, 2026 |
|---|
| Draw Date | Sat May 16, 2026 | | Projected Jackpot | $86,000,000 | | Cash Value | $38,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $38,800,000 | | Federal Tax(24%) | $9,312,000 | | Additional Federal Tax | $5,004,330 | | State Tax(2.9%) | $1,125,200 | | Net Lumpsum Payment | $23,358,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,294,386 |
$439,253
$37,537 |
$817,596 |
| 2 |
$1,359,144 |
$463,214
$39,415 |
$856,515 |
| 3 |
$1,427,084 |
$488,351
$41,385 |
$897,348 |
| 4 |
$1,498,464 |
$514,762
$43,455 |
$940,247 |
| 5 |
$1,573,370 |
$542,477
$45,628 |
$985,265 |
| 6 |
$1,652,060 |
$571,593
$47,910 |
$1,032,557 |
| 7 |
$1,734,620 |
$602,140
$50,304 |
$1,082,176 |
| 8 |
$1,821,394 |
$634,246
$52,820 |
$1,134,328 |
| 9 |
$1,912,468 |
$667,944
$55,462 |
$1,189,062 |
| 10 |
$2,008,100 |
$703,327
$58,235 |
$1,246,538 |
| 11 |
$2,108,462 |
$740,461
$61,145 |
$1,306,856 |
| 12 |
$2,213,898 |
$779,473
$64,203 |
$1,370,222 |
| 13 |
$2,324,580 |
$820,425
$67,413 |
$1,436,742 |
| 14 |
$2,440,852 |
$863,446
$70,785 |
$1,506,621 |
| 15 |
$2,562,886 |
$908,598
$74,324 |
$1,579,964 |
| 16 |
$2,691,026 |
$956,010
$78,040 |
$1,656,976 |
| 17 |
$2,825,530 |
$1,005,776
$81,940 |
$1,737,814 |
| 18 |
$2,966,828 |
$1,058,057
$86,038 |
$1,822,733 |
| 19 |
$3,115,178 |
$1,112,946
$90,340 |
$1,911,892 |
| 20 |
$3,270,924 |
$1,170,572
$94,857 |
$2,005,495 |
| 21 |
$3,434,496 |
$1,231,094
$99,600 |
$2,103,802 |
| 22 |
$3,606,238 |
$1,294,638
$104,581 |
$2,207,019 |
| 23 |
$3,786,494 |
$1,361,333
$109,808 |
$2,315,353 |
| 24 |
$3,975,866 |
$1,431,401
$115,300 |
$2,429,165 |
| 25 |
$4,174,612 |
$1,504,937
$121,064 |
$2,548,611 |
| 26 |
$4,383,420 |
$1,582,196
$127,119 |
$2,674,105 |
| 27 |
$4,602,548 |
$1,663,273
$133,474 |
$2,805,801 |
| 28 |
$4,832,684 |
$1,748,423
$140,148 |
$2,944,113 |
| 29 |
$5,074,344 |
$1,837,838
$147,156 |
$3,089,350 |
| 30 |
$5,328,044 |
$1,931,707
$154,513 |
$3,241,824 |
|
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