The jackpot for the Powerball draw on Wed Jul 16, 2025, is projected to be $264 Million, with an option for a cash payout of $119.7 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 Wed Jul 16, 2025 |
|---|
| Draw Date | Wed Jul 16, 2025 | | Projected Jackpot | $264,000,000 | | Cash Value | $119,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $119,700,000 | | Federal Tax(24%) | $28,728,000 | | Additional Federal Tax | $15,521,330 | | State Tax(2.9%) | $3,471,300 | | Net Lumpsum Payment | $71,979,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,973,464 |
$1,430,512
$115,230 |
$2,427,722 |
| 2 |
$4,172,256 |
$1,504,065
$120,995 |
$2,547,196 |
| 3 |
$4,380,816 |
$1,581,232
$127,044 |
$2,672,540 |
| 4 |
$4,599,936 |
$1,662,307
$133,398 |
$2,804,231 |
| 5 |
$4,829,880 |
$1,747,386
$140,067 |
$2,942,427 |
| 6 |
$5,071,440 |
$1,836,763
$147,072 |
$3,087,605 |
| 7 |
$5,324,880 |
$1,930,536
$154,422 |
$3,239,922 |
| 8 |
$5,591,256 |
$2,029,095
$162,146 |
$3,400,015 |
| 9 |
$5,870,832 |
$2,132,538
$170,254 |
$3,568,040 |
| 10 |
$6,164,400 |
$2,241,158
$178,768 |
$3,744,474 |
| 11 |
$6,472,488 |
$2,355,151
$187,702 |
$3,929,635 |
| 12 |
$6,796,152 |
$2,474,907
$197,088 |
$4,124,157 |
| 13 |
$7,135,920 |
$2,600,621
$206,942 |
$4,328,357 |
| 14 |
$7,492,848 |
$2,732,684
$217,293 |
$4,542,871 |
| 15 |
$7,867,464 |
$2,871,292
$228,156 |
$4,768,016 |
| 16 |
$8,260,824 |
$3,016,835
$239,564 |
$5,004,425 |
| 17 |
$8,673,720 |
$3,169,607
$251,538 |
$5,252,575 |
| 18 |
$9,107,472 |
$3,330,095
$264,117 |
$5,513,260 |
| 19 |
$9,562,872 |
$3,498,593
$277,323 |
$5,786,956 |
| 20 |
$10,040,976 |
$3,675,492
$291,188 |
$6,074,296 |
| 21 |
$10,543,104 |
$3,861,279
$305,750 |
$6,376,075 |
| 22 |
$11,070,312 |
$4,056,346
$321,039 |
$6,692,927 |
| 23 |
$11,623,656 |
$4,261,083
$337,086 |
$7,025,487 |
| 24 |
$12,204,984 |
$4,476,174
$353,945 |
$7,374,865 |
| 25 |
$12,815,088 |
$4,701,913
$371,638 |
$7,741,537 |
| 26 |
$13,456,080 |
$4,939,080
$390,226 |
$8,126,774 |
| 27 |
$14,128,752 |
$5,187,969
$409,734 |
$8,531,049 |
| 28 |
$14,835,216 |
$5,449,360
$430,221 |
$8,955,635 |
| 29 |
$15,577,056 |
$5,723,841
$451,735 |
$9,401,480 |
| 30 |
$16,355,856 |
$6,011,997
$474,320 |
$9,869,539 |
|
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