The jackpot for the Powerball draw on Sat Mar 1, 2025, is projected to be $272 Million, with an option for a cash payout of $124.4 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 Mar 1, 2025 |
|---|
| Draw Date | Sat Mar 1, 2025 | | Projected Jackpot | $272,000,000 | | Cash Value | $124,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,400,000 | | Federal Tax(24%) | $29,856,000 | | Additional Federal Tax | $16,132,330 | | State Tax(2.9%) | $3,607,600 | | Net Lumpsum Payment | $74,804,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,093,872 |
$1,475,063
$118,722 |
$2,500,087 |
| 2 |
$4,298,688 |
$1,550,845
$124,662 |
$2,623,181 |
| 3 |
$4,513,568 |
$1,630,351
$130,893 |
$2,752,324 |
| 4 |
$4,739,328 |
$1,713,882
$137,441 |
$2,888,005 |
| 5 |
$4,976,240 |
$1,801,539
$144,311 |
$3,030,390 |
| 6 |
$5,225,120 |
$1,893,625
$151,528 |
$3,179,967 |
| 7 |
$5,486,240 |
$1,990,239
$159,101 |
$3,336,900 |
| 8 |
$5,760,688 |
$2,091,785
$167,060 |
$3,501,843 |
| 9 |
$6,048,736 |
$2,198,363
$175,413 |
$3,674,960 |
| 10 |
$6,351,200 |
$2,310,274
$184,185 |
$3,856,741 |
| 11 |
$6,668,624 |
$2,427,721
$193,390 |
$4,047,513 |
| 12 |
$7,002,096 |
$2,551,106
$203,061 |
$4,247,929 |
| 13 |
$7,352,160 |
$2,680,630
$213,213 |
$4,458,317 |
| 14 |
$7,719,904 |
$2,816,695
$223,877 |
$4,679,332 |
| 15 |
$8,105,872 |
$2,959,503
$235,070 |
$4,911,299 |
| 16 |
$8,511,152 |
$3,109,457
$246,823 |
$5,154,872 |
| 17 |
$8,936,560 |
$3,266,858
$259,160 |
$5,410,542 |
| 18 |
$9,383,456 |
$3,432,209
$272,120 |
$5,679,127 |
| 19 |
$9,852,656 |
$3,605,813
$285,727 |
$5,961,116 |
| 20 |
$10,345,248 |
$3,788,072
$300,012 |
$6,257,164 |
| 21 |
$10,862,592 |
$3,979,489
$315,015 |
$6,568,088 |
| 22 |
$11,405,776 |
$4,180,468
$330,768 |
$6,894,540 |
| 23 |
$11,975,888 |
$4,391,409
$347,301 |
$7,237,178 |
| 24 |
$12,574,832 |
$4,613,018
$364,670 |
$7,597,144 |
| 25 |
$13,203,424 |
$4,845,597
$382,899 |
$7,974,928 |
| 26 |
$13,863,840 |
$5,089,951
$402,051 |
$8,371,838 |
| 27 |
$14,556,896 |
$5,346,382
$422,150 |
$8,788,364 |
| 28 |
$15,284,768 |
$5,615,695
$443,258 |
$9,225,815 |
| 29 |
$16,049,088 |
$5,898,493
$465,424 |
$9,685,171 |
| 30 |
$16,851,488 |
$6,195,381
$488,693 |
$10,167,414 |
|
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