Jackpot Analysis North Carolina Powerball

Jackpot Analysis for North Carolina Powerball
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 DateWed 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