The jackpot for the Powerball draw on Wed Aug 5, 2026, is projected to be $786 Million, with an option for a cash payout of $341.6 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 5, 2026 |
|---|
| Draw Date | Wed Aug 5, 2026 | | Projected Jackpot | $786,000,000 | | Cash Value | $341,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $341,600,000 | | Federal Tax(24%) | $81,984,000 | | Additional Federal Tax | $44,368,330 | | State Tax(2.9%) | $9,906,400 | | Net Lumpsum Payment | $205,341,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,830,086 |
$4,337,462
$343,072 |
$7,149,552 |
| 2 |
$12,421,944 |
$4,556,450
$360,236 |
$7,505,258 |
| 3 |
$13,042,884 |
$4,786,197
$378,244 |
$7,878,443 |
| 4 |
$13,695,264 |
$5,027,578
$397,163 |
$8,270,523 |
| 5 |
$14,379,870 |
$5,280,882
$417,016 |
$8,681,972 |
| 6 |
$15,099,060 |
$5,546,983
$437,873 |
$9,114,204 |
| 7 |
$15,853,620 |
$5,826,170
$459,755 |
$9,567,695 |
| 8 |
$16,646,694 |
$6,119,607
$482,754 |
$10,044,333 |
| 9 |
$17,479,068 |
$6,427,586
$506,893 |
$10,544,589 |
| 10 |
$18,353,100 |
$6,750,977
$532,240 |
$11,069,883 |
| 11 |
$19,270,362 |
$7,090,364
$558,840 |
$11,621,158 |
| 12 |
$20,233,998 |
$7,446,910
$586,786 |
$12,200,302 |
| 13 |
$21,245,580 |
$7,821,195
$616,122 |
$12,808,263 |
| 14 |
$22,308,252 |
$8,214,384
$646,939 |
$13,446,929 |
| 15 |
$23,423,586 |
$8,627,057
$679,284 |
$14,117,245 |
| 16 |
$24,594,726 |
$9,060,379
$713,247 |
$14,821,100 |
| 17 |
$25,824,030 |
$9,515,221
$748,897 |
$15,559,912 |
| 18 |
$27,115,428 |
$9,993,039
$786,347 |
$16,336,042 |
| 19 |
$28,471,278 |
$10,494,703
$825,667 |
$17,150,908 |
| 20 |
$29,894,724 |
$11,021,378
$866,947 |
$18,006,399 |
| 21 |
$31,389,696 |
$11,574,518
$910,301 |
$18,904,877 |
| 22 |
$32,959,338 |
$12,155,285
$955,821 |
$19,848,232 |
| 23 |
$34,606,794 |
$12,764,844
$1,003,597 |
$20,838,353 |
| 24 |
$36,337,566 |
$13,405,230
$1,053,789 |
$21,878,547 |
| 25 |
$38,154,012 |
$14,077,315
$1,106,466 |
$22,970,231 |
| 26 |
$40,062,420 |
$14,783,426
$1,161,810 |
$24,117,184 |
| 27 |
$42,065,148 |
$15,524,435
$1,219,889 |
$25,320,824 |
| 28 |
$44,168,484 |
$16,302,669
$1,280,886 |
$26,584,929 |
| 29 |
$46,377,144 |
$17,119,874
$1,344,937 |
$27,912,333 |
| 30 |
$48,695,844 |
$17,977,793
$1,412,179 |
$29,305,872 |
|
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