The jackpot for the Powerball draw on Wed Oct 22, 2025, is projected to be $320 Million, with an option for a cash payout of $152.2 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 Carolina residents, the state will deduct 4.75% from your lottery earnings.
| North Carolina Powerball Jackpot/Cash Option for Wed Oct 22, 2025 |
|---|
| Draw Date | Wed Oct 22, 2025 | | Projected Jackpot | $320,000,000 | | Cash Value | $152,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $152,200,000 | | Federal Tax(24%) | $36,528,000 | | Additional Federal Tax | $19,746,330 | | State Tax(4.75%) | $7,229,500 | | Net Lumpsum Payment | $88,696,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,816,320 |
$1,742,369
$228,775 |
$2,845,176 |
| 2 |
$5,057,280 |
$1,831,524
$240,221 |
$2,985,535 |
| 3 |
$5,310,080 |
$1,925,060
$252,229 |
$3,132,791 |
| 4 |
$5,575,680 |
$2,023,332
$264,845 |
$3,287,503 |
| 5 |
$5,854,400 |
$2,126,458
$278,084 |
$3,449,858 |
| 6 |
$6,147,200 |
$2,234,794
$291,992 |
$3,620,414 |
| 7 |
$6,454,400 |
$2,348,458
$306,584 |
$3,799,358 |
| 8 |
$6,777,280 |
$2,467,924
$321,921 |
$3,987,435 |
| 9 |
$7,116,160 |
$2,593,310
$338,018 |
$4,184,832 |
| 10 |
$7,472,000 |
$2,724,970
$354,920 |
$4,392,110 |
| 11 |
$7,845,440 |
$2,863,143
$372,658 |
$4,609,639 |
| 12 |
$8,237,760 |
$3,008,302
$391,294 |
$4,838,164 |
| 13 |
$8,649,600 |
$3,160,682
$410,856 |
$5,078,062 |
| 14 |
$9,082,240 |
$3,320,759
$431,406 |
$5,330,075 |
| 15 |
$9,536,320 |
$3,488,769
$452,975 |
$5,594,576 |
| 16 |
$10,013,120 |
$3,665,185
$475,623 |
$5,872,312 |
| 17 |
$10,513,600 |
$3,850,362
$499,396 |
$6,163,842 |
| 18 |
$11,039,360 |
$4,044,894
$524,370 |
$6,470,096 |
| 19 |
$11,591,360 |
$4,249,134
$550,590 |
$6,791,636 |
| 20 |
$12,170,880 |
$4,463,556
$578,117 |
$7,129,207 |
| 21 |
$12,779,520 |
$4,688,753
$607,027 |
$7,483,740 |
| 22 |
$13,418,560 |
$4,925,198
$637,382 |
$7,855,980 |
| 23 |
$14,089,280 |
$5,173,364
$669,241 |
$8,246,675 |
| 24 |
$14,793,920 |
$5,434,081
$702,711 |
$8,657,128 |
| 25 |
$15,533,440 |
$5,707,703
$737,838 |
$9,087,899 |
| 26 |
$16,310,400 |
$5,995,178
$774,744 |
$9,540,478 |
| 27 |
$17,125,760 |
$6,296,862
$813,474 |
$10,015,424 |
| 28 |
$17,982,080 |
$6,613,700
$854,149 |
$10,514,231 |
| 29 |
$18,881,280 |
$6,946,404
$896,861 |
$11,038,015 |
| 30 |
$19,825,280 |
$7,295,684
$941,701 |
$11,587,895 |
|
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