The jackpot for the Powerball draw on Sat Nov 23, 2024, is projected to be $171 Million, with an option for a cash payout of $78.7 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 Nov 23, 2024 |
|---|
| Draw Date | Sat Nov 23, 2024 | | Projected Jackpot | $171,000,000 | | Cash Value | $78,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $78,700,000 | | Federal Tax(24%) | $18,888,000 | | Additional Federal Tax | $10,191,330 | | State Tax(2.9%) | $2,282,300 | | Net Lumpsum Payment | $47,338,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,573,721 |
$912,607
$74,638 |
$1,586,476 |
| 2 |
$2,702,484 |
$960,249
$78,372 |
$1,663,863 |
| 3 |
$2,837,574 |
$1,010,233
$82,290 |
$1,745,051 |
| 4 |
$2,979,504 |
$1,062,747
$86,406 |
$1,830,351 |
| 5 |
$3,128,445 |
$1,117,855
$90,725 |
$1,919,865 |
| 6 |
$3,284,910 |
$1,175,747
$95,262 |
$2,013,901 |
| 7 |
$3,449,070 |
$1,236,486
$100,023 |
$2,112,561 |
| 8 |
$3,621,609 |
$1,300,326
$105,027 |
$2,216,256 |
| 9 |
$3,802,698 |
$1,367,329
$110,278 |
$2,325,091 |
| 10 |
$3,992,850 |
$1,437,685
$115,793 |
$2,439,372 |
| 11 |
$4,192,407 |
$1,511,521
$121,580 |
$2,559,306 |
| 12 |
$4,402,053 |
$1,589,090
$127,660 |
$2,685,303 |
| 13 |
$4,622,130 |
$1,670,518
$134,042 |
$2,817,570 |
| 14 |
$4,853,322 |
$1,756,060
$140,746 |
$2,956,516 |
| 15 |
$5,095,971 |
$1,845,840
$147,783 |
$3,102,348 |
| 16 |
$5,350,761 |
$1,940,112
$155,172 |
$3,255,477 |
| 17 |
$5,618,205 |
$2,039,066
$162,928 |
$3,416,211 |
| 18 |
$5,899,158 |
$2,143,019
$171,076 |
$3,585,063 |
| 19 |
$6,194,133 |
$2,252,160
$179,630 |
$3,762,343 |
| 20 |
$6,503,814 |
$2,366,742
$188,611 |
$3,948,461 |
| 21 |
$6,829,056 |
$2,487,081
$198,043 |
$4,143,932 |
| 22 |
$7,170,543 |
$2,613,431
$207,946 |
$4,349,166 |
| 23 |
$7,528,959 |
$2,746,045
$218,340 |
$4,564,574 |
| 24 |
$7,905,501 |
$2,885,366
$229,260 |
$4,790,875 |
| 25 |
$8,300,682 |
$3,031,583
$240,720 |
$5,028,379 |
| 26 |
$8,715,870 |
$3,185,202
$252,760 |
$5,277,908 |
| 27 |
$9,151,578 |
$3,346,414
$265,396 |
$5,539,768 |
| 28 |
$9,609,174 |
$3,515,725
$278,666 |
$5,814,783 |
| 29 |
$10,089,684 |
$3,693,513
$292,601 |
$6,103,570 |
| 30 |
$10,594,134 |
$3,880,160
$307,230 |
$6,406,744 |
|
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