The jackpot for the Powerball draw on Mon May 12, 2025, is projected to be $93 Million, with an option for a cash payout of $42.3 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 Mon May 12, 2025 |
|---|
| Draw Date | Mon May 12, 2025 | | Projected Jackpot | $93,000,000 | | Cash Value | $42,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $42,300,000 | | Federal Tax(24%) | $10,152,000 | | Additional Federal Tax | $5,459,330 | | State Tax(2.9%) | $1,226,700 | | Net Lumpsum Payment | $25,461,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,399,743 |
$478,235
$40,593 |
$880,915 |
| 2 |
$1,469,772 |
$504,146
$42,623 |
$923,003 |
| 3 |
$1,543,242 |
$531,330
$44,754 |
$967,158 |
| 4 |
$1,620,432 |
$559,890
$46,993 |
$1,013,549 |
| 5 |
$1,701,435 |
$589,861
$49,342 |
$1,062,232 |
| 6 |
$1,786,530 |
$621,346
$51,809 |
$1,113,375 |
| 7 |
$1,875,810 |
$654,380
$54,398 |
$1,167,032 |
| 8 |
$1,969,647 |
$689,100
$57,120 |
$1,223,427 |
| 9 |
$2,068,134 |
$725,540
$59,976 |
$1,282,618 |
| 10 |
$2,171,550 |
$763,804
$62,975 |
$1,344,771 |
| 11 |
$2,280,081 |
$803,960
$66,122 |
$1,409,999 |
| 12 |
$2,394,099 |
$846,147
$69,429 |
$1,478,523 |
| 13 |
$2,513,790 |
$890,433
$72,900 |
$1,550,457 |
| 14 |
$2,639,526 |
$936,955
$76,546 |
$1,626,025 |
| 15 |
$2,771,493 |
$985,783
$80,373 |
$1,705,337 |
| 16 |
$2,910,063 |
$1,037,054
$84,392 |
$1,788,617 |
| 17 |
$3,055,515 |
$1,090,871
$88,610 |
$1,876,034 |
| 18 |
$3,208,314 |
$1,147,407
$93,041 |
$1,967,866 |
| 19 |
$3,368,739 |
$1,206,764
$97,693 |
$2,064,282 |
| 20 |
$3,537,162 |
$1,269,080
$102,578 |
$2,165,504 |
| 21 |
$3,714,048 |
$1,334,528
$107,707 |
$2,271,813 |
| 22 |
$3,899,769 |
$1,403,245
$113,093 |
$2,383,431 |
| 23 |
$4,094,697 |
$1,475,368
$118,746 |
$2,500,583 |
| 24 |
$4,299,483 |
$1,551,139
$124,685 |
$2,623,659 |
| 25 |
$4,514,406 |
$1,630,661
$130,918 |
$2,752,827 |
| 26 |
$4,740,210 |
$1,714,208
$137,466 |
$2,888,536 |
| 27 |
$4,977,174 |
$1,801,885
$144,338 |
$3,030,951 |
| 28 |
$5,226,042 |
$1,893,966
$151,555 |
$3,180,521 |
| 29 |
$5,487,372 |
$1,990,658
$159,134 |
$3,337,580 |
| 30 |
$5,761,722 |
$2,092,168
$167,090 |
$3,502,464 |
|
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