The jackpot for the Powerball draw on Mon Mar 9, 2026, is projected to be $46 Million, with an option for a cash payout of $21.2 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 Mon Mar 9, 2026 |
|---|
| Draw Date | Mon Mar 9, 2026 | | Projected Jackpot | $46,000,000 | | Cash Value | $21,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $21,200,000 | | Federal Tax(24%) | $5,088,000 | | Additional Federal Tax | $2,716,330 | | State Tax(4.75%) | $1,007,000 | | Net Lumpsum Payment | $12,388,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$692,346 |
$216,498
$32,886 |
$442,962 |
| 2 |
$726,984 |
$229,314
$34,532 |
$463,138 |
| 3 |
$763,324 |
$242,760
$36,258 |
$484,306 |
| 4 |
$801,504 |
$256,887
$38,071 |
$506,546 |
| 5 |
$841,570 |
$271,711
$39,975 |
$529,884 |
| 6 |
$883,660 |
$287,285
$41,974 |
$554,401 |
| 7 |
$927,820 |
$303,624
$44,071 |
$580,125 |
| 8 |
$974,234 |
$320,797
$46,276 |
$607,161 |
| 9 |
$1,022,948 |
$338,821
$48,590 |
$635,537 |
| 10 |
$1,074,100 |
$357,747
$51,020 |
$665,333 |
| 11 |
$1,127,782 |
$377,610
$53,570 |
$696,602 |
| 12 |
$1,184,178 |
$398,476
$56,248 |
$729,454 |
| 13 |
$1,243,380 |
$420,381
$59,061 |
$763,938 |
| 14 |
$1,305,572 |
$443,392
$62,015 |
$800,165 |
| 15 |
$1,370,846 |
$467,543
$65,115 |
$838,188 |
| 16 |
$1,439,386 |
$492,903
$68,371 |
$878,112 |
| 17 |
$1,511,330 |
$519,522
$71,788 |
$920,020 |
| 18 |
$1,586,908 |
$547,486
$75,378 |
$964,044 |
| 19 |
$1,666,258 |
$576,846
$79,147 |
$1,010,265 |
| 20 |
$1,749,564 |
$607,669
$83,104 |
$1,058,791 |
| 21 |
$1,837,056 |
$640,041
$87,260 |
$1,109,755 |
| 22 |
$1,928,918 |
$674,030
$91,624 |
$1,163,264 |
| 23 |
$2,025,334 |
$709,704
$96,203 |
$1,219,427 |
| 24 |
$2,126,626 |
$747,182
$101,015 |
$1,278,429 |
| 25 |
$2,232,932 |
$786,515
$106,064 |
$1,340,353 |
| 26 |
$2,344,620 |
$827,840
$111,369 |
$1,405,411 |
| 27 |
$2,461,828 |
$871,207
$116,937 |
$1,473,684 |
| 28 |
$2,584,924 |
$916,752
$122,784 |
$1,545,388 |
| 29 |
$2,714,184 |
$964,578
$128,924 |
$1,620,682 |
| 30 |
$2,849,884 |
$1,014,787
$135,369 |
$1,699,728 |
|
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