North Carolina Lottery

NCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 19, 2025 is estimated to be $131 Million, with a cash option of 58.6 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of North Carolina, your state will take 4.75% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

North Carolina Powerball Jackpot/Cash Option for Sat Apr 19, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 19, 2025	$131,000,000	$58,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$58,600,000
Federal Tax(24%)	$14,064,000
Additional Federal Tax	$7,578,330
State Tax(4.75%)	$2,783,500
Net Lumpsum Payment	$34,174,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,971,681	-$689,852 -$93,655	$1,188,174
2	$2,070,324	-$726,350 -$98,340	$1,245,634
3	$2,173,814	-$764,642 -$103,256	$1,305,916
4	$2,282,544	-$804,872 -$108,421	$1,369,251
5	$2,396,645	-$847,089 -$113,841	$1,435,715
6	$2,516,510	-$891,439 -$119,534	$1,505,537
7	$2,642,270	-$937,970 -$125,508	$1,578,792
8	$2,774,449	-$986,877 -$131,786	$1,655,786
9	$2,913,178	-$1,038,206 -$138,376	$1,736,596
10	$3,058,850	-$1,092,105 -$145,295	$1,821,450
11	$3,211,727	-$1,148,669 -$152,557	$1,910,501
12	$3,372,333	-$1,208,094 -$160,186	$2,004,053
13	$3,540,930	-$1,270,474 -$168,194	$2,102,262
14	$3,718,042	-$1,336,006 -$176,607	$2,205,429
15	$3,903,931	-$1,404,785 -$185,437	$2,313,709
16	$4,099,121	-$1,477,005 -$194,708	$2,427,408
17	$4,304,005	-$1,552,812 -$204,440	$2,546,753
18	$4,519,238	-$1,632,448 -$214,664	$2,672,126
19	$4,745,213	-$1,716,059 -$225,398	$2,803,756
20	$4,982,454	-$1,803,838 -$236,667	$2,941,949
21	$5,231,616	-$1,896,028 -$248,502	$3,087,086
22	$5,493,223	-$1,992,823 -$260,928	$3,239,472
23	$5,767,799	-$2,094,416 -$273,970	$3,399,413
24	$6,056,261	-$2,201,147 -$287,672	$3,567,442
25	$6,359,002	-$2,313,161 -$302,053	$3,743,788
26	$6,677,070	-$2,430,846 -$317,161	$3,929,063
27	$7,010,858	-$2,554,348 -$333,016	$4,123,494
28	$7,361,414	-$2,684,054 -$349,667	$4,327,693
29	$7,729,524	-$2,820,254 -$367,152	$4,542,118
30	$8,115,974	-$2,963,241 -$385,509	$4,767,224