North Carolina Lottery

NCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 27, 2026 is estimated to be $633 Million, with a cash option of 277.3 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 Mon Jul 27, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 27, 2026	$633,000,000	$277,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,300,000
Federal Tax(24%)	$66,552,000
Additional Federal Tax	$36,009,330
State Tax(4.75%)	$13,171,750
Net Lumpsum Payment	$161,566,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,527,283	-$3,485,425 -$452,546	$5,589,312
2	$10,003,932	-$3,661,785 -$475,187	$5,866,960
3	$10,504,002	-$3,846,811 -$498,940	$6,158,251
4	$11,029,392	-$4,041,205 -$523,896	$6,464,291
5	$11,580,735	-$4,245,202 -$550,085	$6,785,448
6	$12,159,930	-$4,459,504 -$577,597	$7,122,829
7	$12,767,610	-$4,684,346 -$606,461	$7,476,803
8	$13,406,307	-$4,920,664 -$636,800	$7,848,843
9	$14,076,654	-$5,168,692 -$668,641	$8,239,321
10	$14,780,550	-$5,429,134 -$702,076	$8,649,340
11	$15,519,261	-$5,702,457 -$737,165	$9,079,639
12	$16,295,319	-$5,989,598 -$774,028	$9,531,693
13	$17,109,990	-$6,291,027 -$812,725	$10,006,238
14	$17,965,806	-$6,607,679 -$853,376	$10,504,751
15	$18,864,033	-$6,940,023 -$896,042	$11,027,968
16	$19,807,203	-$7,288,995 -$940,842	$11,577,366
17	$20,797,215	-$7,655,300 -$987,868	$12,154,047
18	$21,837,234	-$8,040,107 -$1,037,269	$12,759,858
19	$22,929,159	-$8,444,119 -$1,089,135	$13,395,905
20	$24,075,522	-$8,868,274 -$1,143,587	$14,063,661
21	$25,279,488	-$9,313,741 -$1,200,776	$14,764,971
22	$26,543,589	-$9,781,458 -$1,260,820	$15,501,311
23	$27,870,357	-$10,272,362 -$1,323,842	$16,274,153
24	$29,264,223	-$10,788,093 -$1,390,051	$17,086,079
25	$30,727,086	-$11,329,352 -$1,459,537	$17,938,197
26	$32,264,010	-$11,898,014 -$1,532,540	$18,833,456
27	$33,876,894	-$12,494,781 -$1,609,152	$19,772,961
28	$35,570,802	-$13,121,527 -$1,689,613	$20,759,662
29	$37,349,532	-$13,779,657 -$1,774,103	$21,795,772
30	$39,216,882	-$14,470,577 -$1,862,802	$22,883,503