The jackpot for the Powerball draw on Sat May 24, 2025, is projected to be $163 Million, with an option for a cash payout of $73.3 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 Sat May 24, 2025 |
| Draw Date |
Sat May 24, 2025 |
| Projected Jackpot |
$163,000,000 |
| Cash Value |
$73,300,000 |
| Lumpsum Option Taxes and Payment |
| Cash Gross Payment |
$73,300,000 |
| Federal Tax(24%) |
$17,592,000 |
| Additional Federal Tax |
$9,489,330 |
| State Tax(2.9%) |
$2,125,700 |
| Net Lumpsum Payment |
$44,092,970 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,453,313 |
$868,056
$71,146 |
$1,514,111 |
| 2 |
$2,576,052 |
$913,470
$74,706 |
$1,587,876 |
| 3 |
$2,704,822 |
$961,115
$78,440 |
$1,665,267 |
| 4 |
$2,840,112 |
$1,011,172
$82,363 |
$1,746,577 |
| 5 |
$2,982,085 |
$1,063,702
$86,480 |
$1,831,903 |
| 6 |
$3,131,230 |
$1,118,885
$90,806 |
$1,921,539 |
| 7 |
$3,287,710 |
$1,176,783
$95,344 |
$2,015,583 |
| 8 |
$3,452,177 |
$1,237,636
$100,113 |
$2,114,428 |
| 9 |
$3,624,794 |
$1,301,504
$105,119 |
$2,218,171 |
| 10 |
$3,806,050 |
$1,368,569
$110,375 |
$2,327,106 |
| 11 |
$3,996,271 |
$1,438,951
$115,892 |
$2,441,428 |
| 12 |
$4,196,109 |
$1,512,891
$121,687 |
$2,561,531 |
| 13 |
$4,405,890 |
$1,590,510
$127,771 |
$2,687,609 |
| 14 |
$4,626,266 |
$1,672,049
$134,162 |
$2,820,055 |
| 15 |
$4,857,563 |
$1,757,629
$140,869 |
$2,959,065 |
| 16 |
$5,100,433 |
$1,847,491
$147,913 |
$3,105,029 |
| 17 |
$5,355,365 |
$1,941,815
$155,306 |
$3,258,244 |
| 18 |
$5,623,174 |
$2,040,905
$163,072 |
$3,419,197 |
| 19 |
$5,904,349 |
$2,144,940
$171,226 |
$3,588,183 |
| 20 |
$6,199,542 |
$2,254,161
$179,787 |
$3,765,594 |
| 21 |
$6,509,568 |
$2,368,871
$188,777 |
$3,951,920 |
| 22 |
$6,835,079 |
$2,489,310
$198,217 |
$4,147,552 |
| 23 |
$7,176,727 |
$2,615,719
$208,125 |
$4,352,883 |
| 24 |
$7,535,653 |
$2,748,522
$218,534 |
$4,568,597 |
| 25 |
$7,912,346 |
$2,887,898
$229,458 |
$4,794,990 |
| 26 |
$8,308,110 |
$3,034,331
$240,935 |
$5,032,844 |
| 27 |
$8,723,434 |
$3,188,001
$252,980 |
$5,282,453 |
| 28 |
$9,159,622 |
$3,349,391
$265,629 |
$5,544,602 |
| 29 |
$9,617,652 |
$3,518,862
$278,912 |
$5,819,878 |
| 30 |
$10,098,502 |
$3,696,776
$292,857 |
$6,108,869 |
|
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