North Carolina Lottery

NCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 9, 2025 is estimated to be $482 Million, with a cash option of 218.9 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 Aug 9, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 9, 2025	$482,000,000	$218,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$218,900,000
Federal Tax(24%)	$52,536,000
Additional Federal Tax	$28,417,330
State Tax(4.75%)	$10,397,750
Net Lumpsum Payment	$127,548,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,254,582	-$2,644,526 -$344,593	$4,265,463
2	$7,617,528	-$2,778,816 -$361,833	$4,476,879
3	$7,998,308	-$2,919,704 -$379,920	$4,698,684
4	$8,398,368	-$3,067,727 -$398,922	$4,931,719
5	$8,818,190	-$3,223,061 -$418,864	$5,176,265
6	$9,259,220	-$3,386,242 -$439,813	$5,433,165
7	$9,721,940	-$3,557,448 -$461,792	$5,702,700
8	$10,208,278	-$3,737,393 -$484,893	$5,985,992
9	$10,718,716	-$3,926,255 -$509,139	$6,283,322
10	$11,254,700	-$4,124,569 -$534,598	$6,595,533
11	$11,817,194	-$4,332,692 -$561,317	$6,923,185
12	$12,408,126	-$4,551,337 -$589,386	$7,267,403
13	$13,028,460	-$4,780,861 -$618,852	$7,628,747
14	$13,680,124	-$5,021,976 -$649,806	$8,008,342
15	$14,364,082	-$5,275,041 -$682,294	$8,406,747
16	$15,082,262	-$5,540,767 -$716,407	$8,825,088
17	$15,836,110	-$5,819,691 -$752,215	$9,264,204
18	$16,628,036	-$6,112,704 -$789,832	$9,725,500
19	$17,459,486	-$6,420,340 -$829,326	$10,209,820
20	$18,332,388	-$6,743,314 -$870,788	$10,718,286
21	$19,249,152	-$7,082,517 -$914,335	$11,252,300
22	$20,211,706	-$7,438,662 -$960,056	$11,812,988
23	$21,221,978	-$7,812,462 -$1,008,044	$12,401,472
24	$22,283,342	-$8,205,167 -$1,058,459	$13,019,716
25	$23,397,244	-$8,617,311 -$1,111,369	$13,668,564
26	$24,567,540	-$9,050,320 -$1,166,958	$14,350,262
27	$25,795,676	-$9,504,731 -$1,225,295	$15,065,650
28	$27,085,508	-$9,981,968 -$1,286,562	$15,816,978
29	$28,439,928	-$10,483,104 -$1,350,897	$16,605,927
30	$29,861,828	-$11,009,207 -$1,418,437	$17,434,184