The jackpot for the Powerball draw on Wed Mar 25, 2026, is projected to be $147 Million, with an option for a cash payout of $66.6 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For North Carolina residents, the state will deduct 4.75% from your lottery earnings.
| North Carolina Powerball Jackpot/Cash Option for Wed Mar 25, 2026 |
|---|
| Draw Date | Wed Mar 25, 2026 | | Projected Jackpot | $147,000,000 | | Cash Value | $66,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $66,600,000 | | Federal Tax(24%) | $15,984,000 | | Additional Federal Tax | $8,618,330 | | State Tax(4.75%) | $3,163,500 | | Net Lumpsum Payment | $38,834,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,212,497 |
$778,954
$105,094 |
$1,328,449 |
| 2 |
$2,323,188 |
$819,910
$110,351 |
$1,392,927 |
| 3 |
$2,439,318 |
$862,878
$115,868 |
$1,460,572 |
| 4 |
$2,561,328 |
$908,022
$121,663 |
$1,531,643 |
| 5 |
$2,689,365 |
$955,395
$127,745 |
$1,606,225 |
| 6 |
$2,823,870 |
$1,005,162
$134,134 |
$1,684,574 |
| 7 |
$2,964,990 |
$1,057,377
$140,837 |
$1,766,776 |
| 8 |
$3,113,313 |
$1,112,256
$147,882 |
$1,853,175 |
| 9 |
$3,268,986 |
$1,169,855
$155,277 |
$1,943,854 |
| 10 |
$3,432,450 |
$1,230,337
$163,041 |
$2,039,072 |
| 11 |
$3,603,999 |
$1,293,810
$171,190 |
$2,138,999 |
| 12 |
$3,784,221 |
$1,360,492
$179,750 |
$2,243,979 |
| 13 |
$3,973,410 |
$1,430,492
$188,737 |
$2,354,181 |
| 14 |
$4,172,154 |
$1,504,027
$198,177 |
$2,469,950 |
| 15 |
$4,380,747 |
$1,581,207
$208,085 |
$2,591,455 |
| 16 |
$4,599,777 |
$1,662,248
$218,489 |
$2,719,040 |
| 17 |
$4,829,685 |
$1,747,314
$229,410 |
$2,852,961 |
| 18 |
$5,071,206 |
$1,836,677
$240,882 |
$2,993,647 |
| 19 |
$5,324,781 |
$1,930,499
$252,927 |
$3,141,355 |
| 20 |
$5,590,998 |
$2,029,000
$265,572 |
$3,296,426 |
| 21 |
$5,870,592 |
$2,132,449
$278,853 |
$3,459,290 |
| 22 |
$6,164,151 |
$2,241,066
$292,797 |
$3,630,288 |
| 23 |
$6,472,263 |
$2,355,068
$307,432 |
$3,809,763 |
| 24 |
$6,795,957 |
$2,474,834
$322,808 |
$3,998,315 |
| 25 |
$7,135,674 |
$2,600,530
$338,945 |
$4,196,199 |
| 26 |
$7,492,590 |
$2,732,589
$355,898 |
$4,404,103 |
| 27 |
$7,867,146 |
$2,871,174
$373,689 |
$4,622,283 |
| 28 |
$8,260,518 |
$3,016,722
$392,375 |
$4,851,421 |
| 29 |
$8,673,588 |
$3,169,558
$411,995 |
$5,092,035 |
| 30 |
$9,107,238 |
$3,330,008
$432,594 |
$5,344,636 |
|
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