Jackpot Analysis North Carolina Powerball

Jackpot Analysis for North Carolina Powerball
The jackpot for the Powerball draw on Mon Jul 14, 2025, is projected to be $248 Million, with an option for a cash payout of $112.4 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 Jul 14, 2025
Draw DateMon Jul 14, 2025
Projected Jackpot$248,000,000
Cash Value$112,400,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$112,400,000
Federal Tax(24%)$26,976,000
Additional Federal Tax$14,572,330
State Tax(4.75%)$5,339,000
Net Lumpsum Payment$65,512,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $3,732,648 $1,341,410
$177,301
$2,213,937
2 $3,919,392 $1,410,505
$186,171
$2,322,716
3 $4,115,312 $1,482,996
$195,477
$2,436,839
4 $4,321,152 $1,559,157
$205,255
$2,556,740
5 $4,537,160 $1,639,080
$215,515
$2,682,565
6 $4,764,080 $1,723,040
$226,294
$2,814,746
7 $5,002,160 $1,811,130
$237,603
$2,953,427
8 $5,252,392 $1,903,715
$249,489
$3,099,188
9 $5,515,024 $2,000,889
$261,964
$3,252,171
10 $5,790,800 $2,102,926
$275,063
$3,412,811
11 $6,080,216 $2,210,010
$288,810
$3,581,396
12 $6,384,264 $2,322,508
$303,253
$3,758,503
13 $6,703,440 $2,440,603
$318,413
$3,944,424
14 $7,038,736 $2,564,663
$334,340
$4,139,733
15 $7,390,648 $2,694,870
$351,056
$4,344,722
16 $7,760,168 $2,831,593
$368,608
$4,559,967
17 $8,148,040 $2,975,105
$387,032
$4,785,903
18 $8,555,504 $3,125,867
$406,386
$5,023,251
19 $8,983,304 $3,284,153
$426,707
$5,272,444
20 $9,432,432 $3,450,330
$448,041
$5,534,061
21 $9,904,128 $3,624,858
$470,446
$5,808,824
22 $10,399,384 $3,808,102
$493,971
$6,097,311
23 $10,919,192 $4,000,431
$518,662
$6,400,099
24 $11,465,288 $4,202,487
$544,601
$6,718,200
25 $12,038,416 $4,414,544
$571,825
$7,052,047
26 $12,640,560 $4,637,338
$600,427
$7,402,795
27 $13,272,464 $4,871,142
$630,442
$7,770,880
28 $13,936,112 $5,116,692
$661,965
$8,157,455
29 $14,632,992 $5,374,537
$695,067
$8,563,388
30 $15,364,592 $5,645,229
$729,818
$8,989,545