The jackpot for the Powerball draw on Mon Jun 2, 2025, is projected to be $20 Million, with an option for a cash payout of $9 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 Jun 2, 2025 |
|---|
| Draw Date | Mon Jun 2, 2025 | | Projected Jackpot | $20,000,000 | | Cash Value | $9,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $9,000,000 | | Federal Tax(24%) | $2,160,000 | | Additional Federal Tax | $1,130,330 | | State Tax(2.9%) | $261,000 | | Net Lumpsum Payment | $5,448,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$301,020 |
$71,708
$8,730 |
$220,582 |
| 2 |
$316,080 |
$77,280
$9,166 |
$229,634 |
| 3 |
$331,880 |
$83,126
$9,625 |
$239,129 |
| 4 |
$348,480 |
$89,268
$10,106 |
$249,106 |
| 5 |
$365,900 |
$95,713
$10,611 |
$259,576 |
| 6 |
$384,200 |
$102,484
$11,142 |
$270,574 |
| 7 |
$403,400 |
$109,588
$11,699 |
$282,113 |
| 8 |
$423,580 |
$117,055
$12,284 |
$294,241 |
| 9 |
$444,760 |
$124,892
$12,898 |
$306,970 |
| 10 |
$467,000 |
$133,120
$13,543 |
$320,337 |
| 11 |
$490,340 |
$141,756
$14,220 |
$334,364 |
| 12 |
$514,860 |
$150,829
$14,931 |
$349,100 |
| 13 |
$540,600 |
$160,352
$15,677 |
$364,571 |
| 14 |
$567,640 |
$170,357
$16,462 |
$380,821 |
| 15 |
$596,020 |
$180,858
$17,285 |
$397,877 |
| 16 |
$625,820 |
$191,884
$18,149 |
$415,787 |
| 17 |
$657,100 |
$203,457
$19,056 |
$434,587 |
| 18 |
$689,960 |
$215,616
$20,009 |
$454,335 |
| 19 |
$724,460 |
$228,381
$21,009 |
$475,070 |
| 20 |
$760,680 |
$241,782
$22,060 |
$496,838 |
| 21 |
$798,720 |
$255,857
$23,163 |
$519,700 |
| 22 |
$838,660 |
$270,635
$24,321 |
$543,704 |
| 23 |
$880,580 |
$286,145
$25,537 |
$568,898 |
| 24 |
$924,620 |
$302,440
$26,814 |
$595,366 |
| 25 |
$970,840 |
$319,541
$28,154 |
$623,145 |
| 26 |
$1,019,400 |
$337,508
$29,563 |
$652,329 |
| 27 |
$1,070,360 |
$356,364
$31,040 |
$682,956 |
| 28 |
$1,123,880 |
$376,166
$32,593 |
$715,121 |
| 29 |
$1,180,080 |
$396,960
$34,222 |
$748,898 |
| 30 |
$1,239,080 |
$418,790
$35,933 |
$784,357 |
|
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