North Carolina Lottery

NCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 13, 2025 is estimated to be $258 Million, with a cash option of 120.8 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 Oct 13, 2025

Draw Date	Jackpot	Cash Option
Mon Oct 13, 2025	$258,000,000	$120,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,800,000
Federal Tax(24%)	$28,992,000
Additional Federal Tax	$15,664,330
State Tax(4.75%)	$5,738,000
Net Lumpsum Payment	$70,405,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,883,158	-$1,397,099 -$184,450	$2,301,609
2	$4,077,432	-$1,468,980 -$193,678	$2,414,774
3	$4,281,252	-$1,544,394 -$203,359	$2,533,499
4	$4,495,392	-$1,623,625 -$213,531	$2,658,236
5	$4,720,110	-$1,706,771 -$224,205	$2,789,134
6	$4,956,180	-$1,794,117 -$235,419	$2,926,644
7	$5,203,860	-$1,885,759 -$247,183	$3,070,918
8	$5,464,182	-$1,982,078 -$259,549	$3,222,555
9	$5,737,404	-$2,083,170 -$272,527	$3,381,707
10	$6,024,300	-$2,189,321 -$286,154	$3,548,825
11	$6,325,386	-$2,300,723 -$300,456	$3,724,207
12	$6,641,694	-$2,417,757 -$315,480	$3,908,457
13	$6,973,740	-$2,540,614 -$331,253	$4,101,873
14	$7,322,556	-$2,669,676 -$347,821	$4,305,059
15	$7,688,658	-$2,805,134 -$365,211	$4,518,313
16	$8,073,078	-$2,947,369 -$383,471	$4,742,238
17	$8,476,590	-$3,096,669 -$402,638	$4,977,283
18	$8,900,484	-$3,253,509 -$422,773	$5,224,202
19	$9,345,534	-$3,418,178 -$443,913	$5,483,443
20	$9,812,772	-$3,591,056 -$466,107	$5,755,609
21	$10,303,488	-$3,772,621 -$489,416	$6,041,451
22	$10,818,714	-$3,963,255 -$513,889	$6,341,570
23	$11,359,482	-$4,163,339 -$539,575	$6,656,568
24	$11,927,598	-$4,373,542 -$566,561	$6,987,495
25	$12,523,836	-$4,594,150 -$594,882	$7,334,804
26	$13,150,260	-$4,825,927 -$624,637	$7,699,696
27	$13,807,644	-$5,069,159 -$655,863	$8,082,622
28	$14,498,052	-$5,324,610 -$688,657	$8,484,785
29	$15,223,032	-$5,592,852 -$723,094	$8,907,086
30	$15,984,132	-$5,874,459 -$759,246	$9,350,427