The jackpot for the Powerball draw on Sat Apr 5, 2025, is projected to be $47 Million, with an option for a cash payout of $21.8 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 Apr 5, 2025 |
|---|
| Draw Date | Sat Apr 5, 2025 | | Projected Jackpot | $47,000,000 | | Cash Value | $21,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $21,800,000 | | Federal Tax(24%) | $5,232,000 | | Additional Federal Tax | $2,794,330 | | State Tax(2.9%) | $632,200 | | Net Lumpsum Payment | $13,141,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$707,397 |
$222,067
$20,515 |
$464,815 |
| 2 |
$742,788 |
$235,162
$21,541 |
$486,085 |
| 3 |
$779,918 |
$248,900
$22,618 |
$508,400 |
| 4 |
$818,928 |
$263,334
$23,749 |
$531,845 |
| 5 |
$859,865 |
$278,480
$24,936 |
$556,449 |
| 6 |
$902,870 |
$294,392
$26,183 |
$582,295 |
| 7 |
$947,990 |
$311,087
$27,492 |
$609,411 |
| 8 |
$995,413 |
$328,633
$28,867 |
$637,913 |
| 9 |
$1,045,186 |
$347,049
$30,310 |
$667,827 |
| 10 |
$1,097,450 |
$366,387
$31,826 |
$699,237 |
| 11 |
$1,152,299 |
$386,681
$33,417 |
$732,201 |
| 12 |
$1,209,921 |
$408,001
$35,088 |
$766,832 |
| 13 |
$1,270,410 |
$430,382
$36,842 |
$803,186 |
| 14 |
$1,333,954 |
$453,893
$38,685 |
$841,376 |
| 15 |
$1,400,647 |
$478,570
$40,619 |
$881,458 |
| 16 |
$1,470,677 |
$504,481
$42,650 |
$923,546 |
| 17 |
$1,544,185 |
$531,679
$44,781 |
$967,725 |
| 18 |
$1,621,406 |
$560,251
$47,021 |
$1,014,134 |
| 19 |
$1,702,481 |
$590,248
$49,372 |
$1,062,861 |
| 20 |
$1,787,598 |
$621,742
$51,840 |
$1,114,016 |
| 21 |
$1,876,992 |
$654,817
$54,433 |
$1,167,742 |
| 22 |
$1,970,851 |
$689,545
$57,155 |
$1,224,151 |
| 23 |
$2,069,363 |
$725,995
$60,012 |
$1,283,356 |
| 24 |
$2,172,857 |
$764,287
$63,013 |
$1,345,557 |
| 25 |
$2,281,474 |
$804,476
$66,163 |
$1,410,835 |
| 26 |
$2,395,590 |
$846,699
$69,472 |
$1,479,419 |
| 27 |
$2,515,346 |
$891,008
$72,945 |
$1,551,393 |
| 28 |
$2,641,118 |
$937,544
$76,592 |
$1,626,982 |
| 29 |
$2,773,188 |
$986,410
$80,422 |
$1,706,356 |
| 30 |
$2,911,838 |
$1,037,710
$84,443 |
$1,789,685 |
|
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