The jackpot for the Powerball draw on Mon Aug 3, 2026, is projected to be $748 Million, with an option for a cash payout of $325.1 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 Aug 3, 2026 |
|---|
| Draw Date | Mon Aug 3, 2026 | | Projected Jackpot | $748,000,000 | | Cash Value | $325,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $325,100,000 | | Federal Tax(24%) | $78,024,000 | | Additional Federal Tax | $42,223,330 | | State Tax(2.9%) | $9,427,900 | | Net Lumpsum Payment | $195,424,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,258,148 |
$4,125,845
$326,486 |
$6,805,817 |
| 2 |
$11,821,392 |
$4,334,245
$342,820 |
$7,144,327 |
| 3 |
$12,412,312 |
$4,552,886
$359,957 |
$7,499,469 |
| 4 |
$13,033,152 |
$4,782,597
$377,961 |
$7,872,594 |
| 5 |
$13,684,660 |
$5,023,655
$396,855 |
$8,264,150 |
| 6 |
$14,369,080 |
$5,276,890
$416,703 |
$8,675,487 |
| 7 |
$15,087,160 |
$5,542,580
$437,528 |
$9,107,052 |
| 8 |
$15,841,892 |
$5,821,830
$459,415 |
$9,560,647 |
| 9 |
$16,634,024 |
$6,114,919
$482,387 |
$10,036,718 |
| 10 |
$17,465,800 |
$6,422,676
$506,508 |
$10,536,616 |
| 11 |
$18,338,716 |
$6,745,655
$531,823 |
$11,061,238 |
| 12 |
$19,255,764 |
$7,084,963
$558,417 |
$11,612,384 |
| 13 |
$20,218,440 |
$7,441,153
$586,335 |
$12,190,952 |
| 14 |
$21,229,736 |
$7,815,333
$615,662 |
$12,798,741 |
| 15 |
$22,291,148 |
$8,208,055
$646,443 |
$13,436,650 |
| 16 |
$23,405,668 |
$8,620,428
$678,764 |
$14,106,476 |
| 17 |
$24,575,540 |
$9,053,280
$712,691 |
$14,809,569 |
| 18 |
$25,804,504 |
$9,507,997
$748,331 |
$15,548,176 |
| 19 |
$27,094,804 |
$9,985,408
$785,749 |
$16,323,647 |
| 20 |
$28,449,432 |
$10,486,620
$825,034 |
$17,137,778 |
| 21 |
$29,872,128 |
$11,013,018
$866,292 |
$17,992,818 |
| 22 |
$31,365,884 |
$11,565,707
$909,611 |
$18,890,566 |
| 23 |
$32,933,692 |
$12,145,796
$955,077 |
$19,832,819 |
| 24 |
$34,580,788 |
$12,755,222
$1,002,843 |
$20,822,723 |
| 25 |
$36,309,416 |
$13,394,814
$1,052,973 |
$21,861,629 |
| 26 |
$38,125,560 |
$14,066,788
$1,105,641 |
$22,953,131 |
| 27 |
$40,031,464 |
$14,771,972
$1,160,912 |
$24,098,580 |
| 28 |
$42,033,112 |
$15,512,582
$1,218,960 |
$25,301,570 |
| 29 |
$44,134,992 |
$16,290,277
$1,279,915 |
$26,564,800 |
| 30 |
$46,341,592 |
$17,106,719
$1,343,906 |
$27,890,967 |
|
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