Jackpot Analysis North Dakota Powerball

Jackpot Analysis for North Dakota Powerball
The jackpot for the Powerball draw on Sat Feb 8, 2025, is projected to be $133 Million, with an option for a cash payout of $60.3 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 Feb 8, 2025
Draw DateSat Feb 8, 2025
Projected Jackpot$133,000,000
Cash Value$60,300,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$60,300,000
Federal Tax(24%)$14,472,000
Additional Federal Tax$7,799,330
State Tax(2.9%)$1,748,700
Net Lumpsum Payment$36,279,970
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,001,783 $700,990
$58,052
$1,242,741
2 $2,101,932 $738,045
$60,956
$1,302,931
3 $2,207,002 $776,921
$64,003
$1,366,078
4 $2,317,392 $817,765
$67,204
$1,432,423
5 $2,433,235 $860,627
$70,564
$1,502,044
6 $2,554,930 $905,654
$74,093
$1,575,183
7 $2,682,610 $952,896
$77,796
$1,651,918
8 $2,816,807 $1,002,549
$81,687
$1,732,571
9 $2,957,654 $1,054,662
$85,772
$1,817,220
10 $3,105,550 $1,109,384
$90,061
$1,906,105
11 $3,260,761 $1,166,812
$94,562
$1,999,387
12 $3,423,819 $1,227,143
$99,291
$2,097,385
13 $3,594,990 $1,290,477
$104,255
$2,200,258
14 $3,774,806 $1,357,009
$109,469
$2,308,328
15 $3,963,533 $1,426,838
$114,942
$2,421,753
16 $4,161,703 $1,500,160
$120,689
$2,540,854
17 $4,369,715 $1,577,125
$126,722
$2,665,868
18 $4,588,234 $1,657,977
$133,059
$2,797,198
19 $4,817,659 $1,742,864
$139,712
$2,935,083
20 $5,058,522 $1,831,984
$146,697
$3,079,841
21 $5,311,488 $1,925,581
$154,033
$3,231,874
22 $5,577,089 $2,023,853
$161,736
$3,391,500
23 $5,855,857 $2,126,997
$169,820
$3,559,040
24 $6,148,723 $2,235,358
$178,313
$3,735,052
25 $6,456,086 $2,349,082
$187,226
$3,919,778
26 $6,779,010 $2,468,564
$196,591
$4,113,855
27 $7,117,894 $2,593,951
$206,419
$4,317,524
28 $7,473,802 $2,725,637
$216,740
$4,531,425
29 $7,847,532 $2,863,917
$227,578
$4,756,037
30 $8,239,882 $3,009,087
$238,957
$4,991,838