North Carolina Lottery

NCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 13, 2026 is estimated to be $478 Million, with a cash option of 212.2 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 13, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 13, 2026	$478,000,000	$212,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,200,000
Federal Tax(24%)	$50,928,000
Additional Federal Tax	$27,546,330
State Tax(4.75%)	$10,079,500
Net Lumpsum Payment	$123,646,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,194,378	-$2,622,250 -$341,733	$4,230,395
2	$7,554,312	-$2,755,426 -$358,830	$4,440,056
3	$7,931,932	-$2,895,145 -$376,767	$4,660,020
4	$8,328,672	-$3,041,939 -$395,612	$4,891,121
5	$8,745,010	-$3,195,984 -$415,388	$5,133,638
6	$9,182,380	-$3,357,811 -$436,163	$5,388,406
7	$9,641,260	-$3,527,597 -$457,960	$5,655,703
8	$10,123,562	-$3,706,048 -$480,869	$5,936,645
9	$10,629,764	-$3,893,343 -$504,914	$6,231,507
10	$11,161,300	-$4,090,011 -$530,162	$6,541,127
11	$11,719,126	-$4,296,407 -$556,658	$6,866,061
12	$12,305,154	-$4,513,237 -$584,495	$7,207,422
13	$12,920,340	-$4,740,856 -$613,716	$7,565,768
14	$13,566,596	-$4,979,971 -$644,413	$7,942,212
15	$14,244,878	-$5,230,935 -$676,632	$8,337,311
16	$14,957,098	-$5,494,457 -$710,462	$8,752,179
17	$15,704,690	-$5,771,066 -$745,973	$9,187,651
18	$16,490,044	-$6,061,647 -$783,277	$9,645,120
19	$17,314,594	-$6,366,730 -$822,443	$10,125,421
20	$18,180,252	-$6,687,024 -$863,562	$10,629,666
21	$19,089,408	-$7,023,411 -$906,747	$11,159,250
22	$20,043,974	-$7,376,601 -$952,089	$11,715,284
23	$21,045,862	-$7,747,299 -$999,678	$12,298,885
24	$22,098,418	-$8,136,745 -$1,049,675	$12,911,998
25	$23,203,076	-$8,545,469 -$1,102,146	$13,555,461
26	$24,363,660	-$8,974,885 -$1,157,274	$14,231,501
27	$25,581,604	-$9,425,524 -$1,215,126	$14,940,954
28	$26,860,732	-$9,898,801 -$1,275,885	$15,686,046
29	$28,203,912	-$10,395,778 -$1,339,686	$16,468,448
30	$29,614,012	-$10,917,515 -$1,406,666	$17,289,831