North Carolina Lottery

NCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Oct 8, 2025 is estimated to be $223 Million, with a cash option of 104.4 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 Oct 8, 2025

Draw Date	Jackpot	Cash Option
Wed Oct 8, 2025	$223,000,000	$104,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$104,400,000
Federal Tax(24%)	$25,056,000
Additional Federal Tax	$13,532,330
State Tax(4.75%)	$4,959,000
Net Lumpsum Payment	$60,852,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,356,373	-$1,202,188 -$159,428	$1,994,757
2	$3,524,292	-$1,264,318 -$167,404	$2,092,570
3	$3,700,462	-$1,329,501 -$175,772	$2,195,189
4	$3,885,552	-$1,397,985 -$184,564	$2,303,003
5	$4,079,785	-$1,469,851 -$193,790	$2,416,144
6	$4,283,830	-$1,545,347 -$203,482	$2,535,001
7	$4,497,910	-$1,624,557 -$213,651	$2,659,702
8	$4,722,917	-$1,707,810 -$224,339	$2,790,768
9	$4,959,074	-$1,795,188 -$235,556	$2,928,330
10	$5,207,050	-$1,886,939 -$247,335	$3,072,776
11	$5,467,291	-$1,983,228 -$259,696	$3,224,367
12	$5,740,689	-$2,084,385 -$272,683	$3,383,621
13	$6,027,690	-$2,190,576 -$286,315	$3,550,799
14	$6,329,186	-$2,302,129 -$300,636	$3,726,421
15	$6,645,623	-$2,419,211 -$315,667	$3,910,745
16	$6,977,893	-$2,542,151 -$331,450	$4,104,292
17	$7,326,665	-$2,671,196 -$348,017	$4,307,452
18	$7,693,054	-$2,806,760 -$365,420	$4,520,874
19	$8,077,729	-$2,949,090 -$383,692	$4,744,947
20	$8,481,582	-$3,098,516 -$402,875	$4,980,191
21	$8,905,728	-$3,255,450 -$423,022	$5,227,256
22	$9,351,059	-$3,420,222 -$444,175	$5,486,662
23	$9,818,467	-$3,593,163 -$466,377	$5,758,927
24	$10,309,513	-$3,774,850 -$489,702	$6,044,961
25	$10,824,866	-$3,965,531 -$514,181	$6,345,154
26	$11,366,310	-$4,165,865 -$539,900	$6,660,545
27	$11,934,514	-$4,376,101 -$566,889	$6,991,524
28	$12,531,262	-$4,596,897 -$595,235	$7,339,130
29	$13,157,892	-$4,828,750 -$625,000	$7,704,142
30	$13,815,742	-$5,072,155 -$656,248	$8,087,339