North Carolina Lottery

NCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 30, 2026 is estimated to be $172 Million, with a cash option of 75.6 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 May 30, 2026

Draw Date	Jackpot	Cash Option
Sat May 30, 2026	$172,000,000	$75,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,600,000
Federal Tax(24%)	$18,144,000
Additional Federal Tax	$9,788,330
State Tax(4.75%)	$3,591,000
Net Lumpsum Payment	$44,076,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,588,772	-$918,176 -$122,967	$1,547,629
2	$2,718,288	-$966,097 -$129,119	$1,623,072
3	$2,854,168	-$1,016,373 -$135,573	$1,702,222
4	$2,996,928	-$1,069,194 -$142,354	$1,785,380
5	$3,146,740	-$1,124,624 -$149,470	$1,872,646
6	$3,304,120	-$1,182,855 -$156,946	$1,964,319
7	$3,469,240	-$1,243,949 -$164,789	$2,060,502
8	$3,642,788	-$1,308,162 -$173,032	$2,161,594
9	$3,824,936	-$1,375,557 -$181,684	$2,267,695
10	$4,016,200	-$1,446,324 -$190,770	$2,379,106
11	$4,216,924	-$1,520,592 -$200,304	$2,496,028
12	$4,427,796	-$1,598,615 -$210,320	$2,618,861
13	$4,649,160	-$1,680,520 -$220,835	$2,747,805
14	$4,881,704	-$1,766,561 -$231,881	$2,883,262
15	$5,125,772	-$1,856,866 -$243,474	$3,025,432
16	$5,382,052	-$1,951,690 -$255,647	$3,174,715
17	$5,651,060	-$2,051,223 -$268,425	$3,331,412
18	$5,933,656	-$2,155,783 -$281,849	$3,496,024
19	$6,230,356	-$2,265,562 -$295,942	$3,668,852
20	$6,541,848	-$2,380,814 -$310,738	$3,850,296
21	$6,868,992	-$2,501,857 -$326,277	$4,040,858
22	$7,212,476	-$2,628,947 -$342,593	$4,240,936
23	$7,572,988	-$2,762,336 -$359,717	$4,450,935
24	$7,951,732	-$2,902,471 -$377,707	$4,671,554
25	$8,349,224	-$3,049,543 -$396,588	$4,903,093
26	$8,766,840	-$3,204,061 -$416,425	$5,146,354
27	$9,205,096	-$3,366,216 -$437,242	$5,401,638
28	$9,665,368	-$3,536,517 -$459,105	$5,669,746
29	$10,148,688	-$3,715,345 -$482,063	$5,951,280
30	$10,656,088	-$3,903,083 -$506,164	$6,246,841