North Carolina Lottery

NCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jun 25, 2025 is estimated to be $140 Million, with a cash option of 63 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 Wed Jun 25, 2025

Draw Date	Jackpot	Cash Option
Wed Jun 25, 2025	$140,000,000	$63,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$63,000,000
Federal Tax(24%)	$15,120,000
Additional Federal Tax	$8,150,330
State Tax(4.75%)	$2,992,500
Net Lumpsum Payment	$36,737,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$100,089	$1,267,079
2	$2,212,560	-$778,978 -$105,097	$1,328,485
3	$2,323,160	-$819,900 -$110,350	$1,392,910
4	$2,439,360	-$862,894 -$115,870	$1,460,596
5	$2,561,300	-$908,011 -$121,662	$1,531,627
6	$2,689,400	-$955,408 -$127,747	$1,606,245
7	$2,823,800	-$1,005,136 -$134,131	$1,684,533
8	$2,965,060	-$1,057,403 -$140,840	$1,766,817
9	$3,113,320	-$1,112,259 -$147,883	$1,853,178
10	$3,269,000	-$1,169,860 -$155,278	$1,943,862
11	$3,432,380	-$1,230,311 -$163,038	$2,039,031
12	$3,604,020	-$1,293,818 -$171,191	$2,139,011
13	$3,784,200	-$1,360,484 -$179,750	$2,243,966
14	$3,973,480	-$1,430,518 -$188,740	$2,354,222
15	$4,172,140	-$1,504,022 -$198,177	$2,469,941
16	$4,380,740	-$1,581,204 -$208,085	$2,591,451
17	$4,599,700	-$1,662,219 -$218,486	$2,718,995
18	$4,829,720	-$1,747,327 -$229,412	$2,852,981
19	$5,071,220	-$1,836,682 -$240,883	$2,993,655
20	$5,324,760	-$1,930,492 -$252,926	$3,141,342
21	$5,591,040	-$2,029,015 -$265,574	$3,296,451
22	$5,870,620	-$2,132,460 -$278,854	$3,459,306
23	$6,164,060	-$2,241,033 -$292,793	$3,630,234
24	$6,472,340	-$2,355,096 -$307,436	$3,809,808
25	$6,795,880	-$2,474,806 -$322,804	$3,998,270
26	$7,135,800	-$2,600,576 -$338,951	$4,196,273
27	$7,492,520	-$2,732,563 -$355,895	$4,404,062
28	$7,867,160	-$2,871,180 -$373,690	$4,622,290
29	$8,260,560	-$3,016,738 -$392,377	$4,851,445
30	$8,673,560	-$3,169,548 -$411,994	$5,092,018