Jackpot Analysis North Carolina Powerball

Jackpot Analysis for North Carolina Powerball
The jackpot for the Powerball draw on Sat Feb 15, 2025, is projected to be $172 Million, with an option for a cash payout of $79.7 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 Sat Feb 15, 2025
Draw DateSat Feb 15, 2025
Projected Jackpot$172,000,000
Cash Value$79,700,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$79,700,000
Federal Tax(24%)$19,128,000
Additional Federal Tax$10,321,330
State Tax(4.75%)$3,785,750
Net Lumpsum Payment$46,464,920
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,588,772 $918,176
$122,967
$1,547,629
2 $2,718,288 $966,097
$129,119
$1,623,072
3 $2,854,168 $1,016,373
$135,573
$1,702,222
4 $2,996,928 $1,069,194
$142,354
$1,785,380
5 $3,146,740 $1,124,624
$149,470
$1,872,646
6 $3,304,120 $1,182,855
$156,946
$1,964,319
7 $3,469,240 $1,243,949
$164,789
$2,060,502
8 $3,642,788 $1,308,162
$173,032
$2,161,594
9 $3,824,936 $1,375,557
$181,684
$2,267,695
10 $4,016,200 $1,446,324
$190,770
$2,379,106
11 $4,216,924 $1,520,592
$200,304
$2,496,028
12 $4,427,796 $1,598,615
$210,320
$2,618,861
13 $4,649,160 $1,680,520
$220,835
$2,747,805
14 $4,881,704 $1,766,561
$231,881
$2,883,262
15 $5,125,772 $1,856,866
$243,474
$3,025,432
16 $5,382,052 $1,951,690
$255,647
$3,174,715
17 $5,651,060 $2,051,223
$268,425
$3,331,412
18 $5,933,656 $2,155,783
$281,849
$3,496,024
19 $6,230,356 $2,265,562
$295,942
$3,668,852
20 $6,541,848 $2,380,814
$310,738
$3,850,296
21 $6,868,992 $2,501,857
$326,277
$4,040,858
22 $7,212,476 $2,628,947
$342,593
$4,240,936
23 $7,572,988 $2,762,336
$359,717
$4,450,935
24 $7,951,732 $2,902,471
$377,707
$4,671,554
25 $8,349,224 $3,049,543
$396,588
$4,903,093
26 $8,766,840 $3,204,061
$416,425
$5,146,354
27 $9,205,096 $3,366,216
$437,242
$5,401,638
28 $9,665,368 $3,536,517
$459,105
$5,669,746
29 $10,148,688 $3,715,345
$482,063
$5,951,280
30 $10,656,088 $3,903,083
$506,164
$6,246,841