North Carolina Lottery

NCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Sep 6, 2025 is estimated to be $1.70 Billion, with a cash option of 770.3 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 Sep 6, 2025

Draw Date	Jackpot	Cash Option
Sat Sep 6, 2025	$1,700,000,000	$770,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$770,300,000
Federal Tax(24%)	$184,872,000
Additional Federal Tax	$100,099,330
State Tax(4.75%)	$36,589,250
Net Lumpsum Payment	$448,739,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$25,586,700	-$9,427,409 -$1,215,368	$14,943,923
2	$26,866,800	-$9,901,046 -$1,276,173	$15,689,581
3	$28,209,800	-$10,397,956 -$1,339,966	$16,471,878
4	$29,620,800	-$10,920,026 -$1,406,988	$17,293,786
5	$31,101,500	-$11,467,885 -$1,477,321	$18,156,294
6	$32,657,000	-$12,043,420 -$1,551,208	$19,062,372
7	$34,289,000	-$12,647,260 -$1,628,728	$20,013,012
8	$36,004,300	-$13,281,921 -$1,710,204	$21,012,175
9	$37,804,600	-$13,948,032 -$1,795,719	$22,060,849
10	$39,695,000	-$14,647,480 -$1,885,513	$23,162,007
11	$41,678,900	-$15,381,523 -$1,979,748	$24,317,629
12	$43,763,100	-$16,152,677 -$2,078,747	$25,531,676
13	$45,951,000	-$16,962,200 -$2,182,673	$26,806,127
14	$48,249,400	-$17,812,608 -$2,291,847	$28,144,945
15	$50,661,700	-$18,705,159 -$2,406,431	$29,550,110
16	$53,194,700	-$19,642,369 -$2,526,748	$31,025,583
17	$55,853,500	-$20,626,125 -$2,653,041	$32,574,334
18	$58,646,600	-$21,659,572 -$2,785,714	$34,201,314
19	$61,579,100	-$22,744,597 -$2,925,007	$35,909,496
20	$64,657,800	-$23,883,716 -$3,071,246	$37,702,838
21	$67,891,200	-$25,080,074 -$3,224,832	$39,586,294
22	$71,286,100	-$26,336,187 -$3,386,090	$41,563,823
23	$74,849,300	-$27,654,571 -$3,555,342	$43,639,387
24	$78,592,700	-$29,039,629 -$3,733,153	$45,819,918
25	$82,521,400	-$30,493,248 -$3,919,767	$48,108,385
26	$86,649,000	-$32,020,460 -$4,115,828	$50,512,712
27	$90,980,600	-$33,623,152 -$4,321,579	$53,035,869
28	$95,529,800	-$35,306,356 -$4,537,666	$55,685,778
29	$100,306,800	-$37,073,846 -$4,764,573	$58,468,381
30	$105,321,800	-$38,929,396 -$5,002,786	$61,389,618