North Carolina Lottery

NCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 1, 2025 is estimated to be $1.10 Billion, with a cash option of 498.4 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 Sep 1, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 1, 2025	$1,100,000,000	$498,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$498,400,000
Federal Tax(24%)	$119,616,000
Additional Federal Tax	$64,752,330
State Tax(4.75%)	$23,674,000
Net Lumpsum Payment	$290,357,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$16,556,100	-$6,086,087 -$786,415	$9,683,598
2	$17,384,400	-$6,392,558 -$825,759	$10,166,083
3	$18,253,400	-$6,714,088 -$867,037	$10,672,275
4	$19,166,400	-$7,051,898 -$910,404	$11,204,098
5	$20,124,500	-$7,406,395 -$955,914	$11,762,191
6	$21,131,000	-$7,778,800 -$1,003,723	$12,348,477
7	$22,187,000	-$8,169,520 -$1,053,883	$12,963,597
8	$23,296,900	-$8,580,183 -$1,106,603	$13,610,114
9	$24,461,800	-$9,011,196 -$1,161,936	$14,288,668
10	$25,685,000	-$9,463,780 -$1,220,038	$15,001,182
11	$26,968,700	-$9,938,749 -$1,281,013	$15,748,938
12	$28,317,300	-$10,437,731 -$1,345,072	$16,534,497
13	$29,733,000	-$10,961,540 -$1,412,318	$17,359,142
14	$31,220,200	-$11,511,804 -$1,482,960	$18,225,436
15	$32,781,100	-$12,089,337 -$1,557,102	$19,134,661
16	$34,420,100	-$12,695,767 -$1,634,955	$20,089,378
17	$36,140,500	-$13,332,315 -$1,716,674	$21,091,511
18	$37,947,800	-$14,001,016 -$1,802,521	$22,144,263
19	$39,845,300	-$14,703,091 -$1,892,652	$23,249,557
20	$41,837,400	-$15,440,168 -$1,987,277	$24,409,955
21	$43,929,600	-$16,214,282 -$2,086,656	$25,628,662
22	$46,126,300	-$17,027,061 -$2,190,999	$26,908,240
23	$48,431,900	-$17,880,133 -$2,300,515	$28,251,252
24	$50,854,100	-$18,776,347 -$2,415,570	$29,662,183
25	$53,396,200	-$19,716,924 -$2,536,320	$31,142,956
26	$56,067,000	-$20,705,120 -$2,663,183	$32,698,697
27	$58,869,800	-$21,742,156 -$2,796,316	$34,331,328
28	$61,813,400	-$22,831,288 -$2,936,137	$36,045,975
29	$64,904,400	-$23,974,958 -$3,082,959	$37,846,483
30	$68,149,400	-$25,175,608 -$3,237,097	$39,736,695