North Carolina Lottery

NCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 14, 2026 is estimated to be $251 Million, with a cash option of 106.6 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 Mon Sep 14, 2026

Draw Date	Jackpot	Cash Option
Mon Sep 14, 2026	$251,000,000	$106,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$106,600,000
Federal Tax(24%)	$25,584,000
Additional Federal Tax	$13,818,330
State Tax(4.75%)	$5,063,500
Net Lumpsum Payment	$62,134,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,777,801	-$1,358,117 -$179,446	$2,240,238
2	$3,966,804	-$1,428,048 -$188,423	$2,350,333
3	$4,165,094	-$1,501,415 -$197,842	$2,465,837
4	$4,373,424	-$1,578,497 -$207,738	$2,587,189
5	$4,592,045	-$1,659,387 -$218,122	$2,714,536
6	$4,821,710	-$1,744,363 -$229,031	$2,848,316
7	$5,062,670	-$1,833,518 -$240,477	$2,988,675
8	$5,315,929	-$1,927,224 -$252,507	$3,136,198
9	$5,581,738	-$2,025,573 -$265,133	$3,291,032
10	$5,860,850	-$2,128,845 -$278,390	$3,453,615
11	$6,153,767	-$2,237,224 -$292,304	$3,624,239
12	$6,461,493	-$2,351,083 -$306,921	$3,803,489
13	$6,784,530	-$2,470,606 -$322,265	$3,991,659
14	$7,123,882	-$2,596,167 -$338,384	$4,189,331
15	$7,480,051	-$2,727,949 -$355,302	$4,396,800
16	$7,854,041	-$2,866,326 -$373,067	$4,614,648
17	$8,246,605	-$3,011,574 -$391,714	$4,843,317
18	$8,658,998	-$3,164,160 -$411,302	$5,083,536
19	$9,091,973	-$3,324,360 -$431,869	$5,335,744
20	$9,546,534	-$3,492,548 -$453,460	$5,600,526
21	$10,023,936	-$3,669,187 -$476,137	$5,878,612
22	$10,525,183	-$3,854,648 -$499,946	$6,170,589
23	$11,051,279	-$4,049,304 -$524,936	$6,477,039
24	$11,603,981	-$4,253,803 -$551,189	$6,798,989
25	$12,184,042	-$4,468,426 -$578,742	$7,136,874
26	$12,793,470	-$4,693,914 -$607,690	$7,491,866
27	$13,433,018	-$4,930,547 -$638,068	$7,864,403
28	$14,104,694	-$5,179,067 -$669,973	$8,255,654
29	$14,810,004	-$5,440,032 -$703,475	$8,666,497
30	$15,550,454	-$5,713,998 -$738,647	$9,097,809