North Carolina Lottery

NCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 24, 2026 is estimated to be $81 Million, with a cash option of 34.8 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 Aug 24, 2026

Draw Date	Jackpot	Cash Option
Mon Aug 24, 2026	$81,000,000	$34,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,800,000
Federal Tax(24%)	$8,352,000
Additional Federal Tax	$4,484,330
State Tax(4.75%)	$1,653,000
Net Lumpsum Payment	$20,310,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,219,131	-$411,409 -$57,909	$749,813
2	$1,280,124	-$433,976 -$60,806	$785,342
3	$1,344,114	-$457,653 -$63,845	$822,616
4	$1,411,344	-$482,528 -$67,039	$861,777
5	$1,481,895	-$508,632 -$70,390	$902,873
6	$1,556,010	-$536,054 -$73,910	$946,046
7	$1,633,770	-$564,825 -$77,604	$991,341
8	$1,715,499	-$595,065 -$81,486	$1,038,948
9	$1,801,278	-$626,803 -$85,561	$1,088,914
10	$1,891,350	-$660,130 -$89,839	$1,141,381
11	$1,985,877	-$695,105 -$94,329	$1,196,443
12	$2,085,183	-$731,848 -$99,046	$1,254,289
13	$2,189,430	-$770,419 -$103,998	$1,315,013
14	$2,298,942	-$810,939 -$109,200	$1,378,803
15	$2,413,881	-$853,466 -$114,659	$1,445,756
16	$2,534,571	-$898,122 -$120,392	$1,516,057
17	$2,661,255	-$944,995 -$126,410	$1,589,850
18	$2,794,338	-$994,235 -$132,731	$1,667,372
19	$2,934,063	-$1,045,934 -$139,368	$1,748,761
20	$3,080,754	-$1,100,209 -$146,336	$1,834,209
21	$3,234,816	-$1,157,212 -$153,654	$1,923,950
22	$3,396,573	-$1,217,062 -$161,337	$2,018,174
23	$3,566,349	-$1,279,880 -$169,402	$2,117,067
24	$3,744,711	-$1,345,873 -$177,874	$2,220,964
25	$3,931,902	-$1,415,134 -$186,765	$2,330,003
26	$4,128,570	-$1,487,901 -$196,107	$2,444,562
27	$4,334,958	-$1,564,265 -$205,911	$2,564,782
28	$4,551,714	-$1,644,465 -$216,206	$2,691,043
29	$4,779,324	-$1,728,680 -$227,018	$2,823,626
30	$5,018,274	-$1,817,092 -$238,368	$2,962,814