The jackpot for the Powerball draw on Mon Jun 23, 2025, is projected to be $128 Million, with an option for a cash payout of $57.6 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 Mon Jun 23, 2025 |
|---|
| Draw Date | Mon Jun 23, 2025 | | Projected Jackpot | $128,000,000 | | Cash Value | $57,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $57,600,000 | | Federal Tax(24%) | $13,824,000 | | Additional Federal Tax | $7,448,330 | | State Tax(2.9%) | $1,670,400 | | Net Lumpsum Payment | $34,657,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,926,528 |
$673,146
$55,869 |
$1,197,513 |
| 2 |
$2,022,912 |
$708,808
$58,664 |
$1,255,440 |
| 3 |
$2,124,032 |
$746,222
$61,597 |
$1,316,213 |
| 4 |
$2,230,272 |
$785,531
$64,678 |
$1,380,063 |
| 5 |
$2,341,760 |
$826,782
$67,911 |
$1,447,067 |
| 6 |
$2,458,880 |
$870,116
$71,308 |
$1,517,456 |
| 7 |
$2,581,760 |
$915,582
$74,871 |
$1,591,307 |
| 8 |
$2,710,912 |
$963,368
$78,616 |
$1,668,928 |
| 9 |
$2,846,464 |
$1,013,522
$82,547 |
$1,750,395 |
| 10 |
$2,988,800 |
$1,066,186
$86,675 |
$1,835,939 |
| 11 |
$3,138,176 |
$1,121,456
$91,007 |
$1,925,713 |
| 12 |
$3,295,104 |
$1,179,519
$95,558 |
$2,020,027 |
| 13 |
$3,459,840 |
$1,240,471
$100,335 |
$2,119,034 |
| 14 |
$3,632,896 |
$1,304,502
$105,354 |
$2,223,040 |
| 15 |
$3,814,528 |
$1,371,706
$110,621 |
$2,332,201 |
| 16 |
$4,005,248 |
$1,442,272
$116,152 |
$2,446,824 |
| 17 |
$4,205,440 |
$1,516,343
$121,958 |
$2,567,139 |
| 18 |
$4,415,744 |
$1,594,156
$128,057 |
$2,693,531 |
| 19 |
$4,636,544 |
$1,675,852
$134,460 |
$2,826,232 |
| 20 |
$4,868,352 |
$1,761,621
$141,182 |
$2,965,549 |
| 21 |
$5,111,808 |
$1,851,699
$148,242 |
$3,111,867 |
| 22 |
$5,367,424 |
$1,946,277
$155,655 |
$3,265,492 |
| 23 |
$5,635,712 |
$2,045,544
$163,436 |
$3,426,732 |
| 24 |
$5,917,568 |
$2,149,831
$171,609 |
$3,596,128 |
| 25 |
$6,213,376 |
$2,259,280
$180,188 |
$3,773,908 |
| 26 |
$6,524,160 |
$2,374,270
$189,201 |
$3,960,689 |
| 27 |
$6,850,304 |
$2,494,943
$198,659 |
$4,156,702 |
| 28 |
$7,192,832 |
$2,621,678
$208,592 |
$4,362,562 |
| 29 |
$7,552,512 |
$2,754,760
$219,023 |
$4,578,729 |
| 30 |
$7,930,112 |
$2,894,472
$229,973 |
$4,805,667 |
|
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