The jackpot for the Powerball draw on Wed Aug 12, 2026, is projected to be $975 Million, with an option for a cash payout of $422.3 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 Wed Aug 12, 2026 |
|---|
| Draw Date | Wed Aug 12, 2026 | | Projected Jackpot | $975,000,000 | | Cash Value | $422,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $422,300,000 | | Federal Tax(24%) | $101,352,000 | | Additional Federal Tax | $54,859,330 | | State Tax(2.9%) | $12,246,700 | | Net Lumpsum Payment | $253,841,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,674,725 |
$5,389,979
$425,567 |
$8,859,179 |
| 2 |
$15,408,900 |
$5,661,623
$446,858 |
$9,300,419 |
| 3 |
$16,179,150 |
$5,946,616
$469,195 |
$9,763,339 |
| 4 |
$16,988,400 |
$6,246,038
$492,664 |
$10,249,698 |
| 5 |
$17,837,625 |
$6,560,252
$517,291 |
$10,760,082 |
| 6 |
$18,729,750 |
$6,890,338
$543,163 |
$11,296,249 |
| 7 |
$19,665,750 |
$7,236,658
$570,307 |
$11,858,785 |
| 8 |
$20,649,525 |
$7,600,655
$598,836 |
$12,450,034 |
| 9 |
$21,682,050 |
$7,982,689
$628,779 |
$13,070,582 |
| 10 |
$22,766,250 |
$8,383,843
$660,221 |
$13,722,186 |
| 11 |
$23,904,075 |
$8,804,838
$693,218 |
$14,406,019 |
| 12 |
$25,099,425 |
$9,247,118
$727,883 |
$15,124,424 |
| 13 |
$26,354,250 |
$9,711,403
$764,273 |
$15,878,574 |
| 14 |
$27,672,450 |
$10,199,137
$802,501 |
$16,670,812 |
| 15 |
$29,055,975 |
$10,711,041
$842,623 |
$17,502,311 |
| 16 |
$30,508,725 |
$11,248,559
$884,753 |
$18,375,413 |
| 17 |
$32,033,625 |
$11,812,772
$928,975 |
$19,291,878 |
| 18 |
$33,635,550 |
$12,405,484
$975,431 |
$20,254,635 |
| 19 |
$35,317,425 |
$13,027,778
$1,024,205 |
$21,265,442 |
| 20 |
$37,083,150 |
$13,681,096
$1,075,411 |
$22,326,643 |
| 21 |
$38,937,600 |
$14,367,242
$1,129,190 |
$23,441,168 |
| 22 |
$40,884,675 |
$15,087,660
$1,185,656 |
$24,611,359 |
| 23 |
$42,928,275 |
$15,843,792
$1,244,920 |
$25,839,563 |
| 24 |
$45,075,225 |
$16,638,164
$1,307,182 |
$27,129,879 |
| 25 |
$47,328,450 |
$17,471,857
$1,372,525 |
$28,484,068 |
| 26 |
$49,695,750 |
$18,347,758
$1,441,177 |
$29,906,815 |
| 27 |
$52,180,050 |
$19,266,949
$1,513,221 |
$31,399,880 |
| 28 |
$54,789,150 |
$20,232,316
$1,588,885 |
$32,967,949 |
| 29 |
$57,528,900 |
$21,246,023
$1,668,338 |
$34,614,539 |
| 30 |
$60,405,150 |
$22,310,236
$1,751,749 |
$36,343,165 |
|
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