North Carolina Lottery

NCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Mar 18, 2026 is estimated to be $101 Million, with a cash option of 46 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 Mar 18, 2026

Draw Date	Jackpot	Cash Option
Wed Mar 18, 2026	$101,000,000	$46,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$46,000,000
Federal Tax(24%)	$11,040,000
Additional Federal Tax	$5,940,330
State Tax(4.75%)	$2,185,000
Net Lumpsum Payment	$26,834,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,520,151	-$522,786 -$72,207	$925,158
2	$1,596,204	-$550,926 -$75,820	$969,458
3	$1,675,994	-$580,448 -$79,610	$1,015,936
4	$1,759,824	-$611,465 -$83,592	$1,064,767
5	$1,847,795	-$644,015 -$87,770	$1,116,010
6	$1,940,210	-$678,208 -$92,160	$1,169,842
7	$2,037,170	-$714,083 -$96,766	$1,226,321
8	$2,139,079	-$751,790 -$101,606	$1,285,683
9	$2,246,038	-$791,364 -$106,687	$1,347,987
10	$2,358,350	-$832,920 -$112,022	$1,413,408
11	$2,476,217	-$876,531 -$117,620	$1,482,066
12	$2,600,043	-$922,346 -$123,502	$1,554,195
13	$2,730,030	-$970,441 -$129,676	$1,629,913
14	$2,866,582	-$1,020,966 -$136,163	$1,709,453
15	$3,009,901	-$1,073,994 -$142,970	$1,792,937
16	$3,160,391	-$1,129,675 -$150,119	$1,880,597
17	$3,318,355	-$1,188,122 -$157,622	$1,972,611
18	$3,484,298	-$1,249,521 -$165,504	$2,069,273
19	$3,658,523	-$1,313,984 -$173,780	$2,170,759
20	$3,841,434	-$1,381,661 -$182,468	$2,277,305
21	$4,033,536	-$1,452,739 -$191,593	$2,389,204
22	$4,235,233	-$1,527,367 -$201,174	$2,506,692
23	$4,446,929	-$1,605,694 -$211,229	$2,630,006
24	$4,669,331	-$1,687,983 -$221,793	$2,759,555
25	$4,902,742	-$1,774,345 -$232,880	$2,895,517
26	$5,147,970	-$1,865,079 -$244,529	$3,038,362
27	$5,405,318	-$1,960,298 -$256,753	$3,188,267
28	$5,675,594	-$2,060,300 -$269,591	$3,345,703
29	$5,959,404	-$2,165,310 -$283,072	$3,511,022
30	$6,257,354	-$2,275,551 -$297,224	$3,684,579