The jackpot for the Powerball draw on Wed Jan 21, 2026, is projected to be $209 Million, with an option for a cash payout of $95.2 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 Jan 21, 2026 |
|---|
| Draw Date | Wed Jan 21, 2026 | | Projected Jackpot | $209,000,000 | | Cash Value | $95,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $95,200,000 | | Federal Tax(24%) | $22,848,000 | | Additional Federal Tax | $12,336,330 | | State Tax(4.75%) | $4,522,000 | | Net Lumpsum Payment | $55,493,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,145,659 |
$1,124,224
$149,419 |
$1,872,016 |
| 2 |
$3,303,036 |
$1,182,454
$156,894 |
$1,963,688 |
| 3 |
$3,468,146 |
$1,243,544
$164,737 |
$2,059,865 |
| 4 |
$3,641,616 |
$1,307,728
$172,977 |
$2,160,911 |
| 5 |
$3,823,655 |
$1,375,083
$181,624 |
$2,266,948 |
| 6 |
$4,014,890 |
$1,445,840
$190,707 |
$2,378,343 |
| 7 |
$4,215,530 |
$1,520,076
$200,238 |
$2,495,216 |
| 8 |
$4,426,411 |
$1,598,102
$210,255 |
$2,618,054 |
| 9 |
$4,647,742 |
$1,679,995
$220,768 |
$2,746,979 |
| 10 |
$4,880,150 |
$1,765,986
$231,807 |
$2,882,357 |
| 11 |
$5,124,053 |
$1,856,230
$243,393 |
$3,024,430 |
| 12 |
$5,380,287 |
$1,951,037
$255,564 |
$3,173,686 |
| 13 |
$5,649,270 |
$2,050,560
$268,340 |
$3,330,370 |
| 14 |
$5,931,838 |
$2,155,110
$281,762 |
$3,494,966 |
| 15 |
$6,228,409 |
$2,264,842
$295,849 |
$3,667,718 |
| 16 |
$6,539,819 |
$2,380,063
$310,641 |
$3,849,115 |
| 17 |
$6,866,695 |
$2,501,008
$326,168 |
$4,039,519 |
| 18 |
$7,210,082 |
$2,628,061
$342,479 |
$4,239,542 |
| 19 |
$7,570,607 |
$2,761,455
$359,604 |
$4,449,548 |
| 20 |
$7,949,106 |
$2,901,500
$377,583 |
$4,670,023 |
| 21 |
$8,346,624 |
$3,048,581
$396,465 |
$4,901,578 |
| 22 |
$8,763,997 |
$3,203,009
$416,290 |
$5,144,698 |
| 23 |
$9,202,061 |
$3,365,093
$437,098 |
$5,399,870 |
| 24 |
$9,662,279 |
$3,535,374
$458,958 |
$5,667,947 |
| 25 |
$10,145,278 |
$3,714,083
$481,901 |
$5,949,294 |
| 26 |
$10,652,730 |
$3,901,840
$506,005 |
$6,244,885 |
| 27 |
$11,185,262 |
$4,098,877
$531,300 |
$6,555,085 |
| 28 |
$11,744,546 |
$4,305,812
$557,866 |
$6,880,868 |
| 29 |
$12,331,836 |
$4,523,110
$585,762 |
$7,222,964 |
| 30 |
$12,948,386 |
$4,751,233
$615,048 |
$7,582,105 |
|
|
