The jackpot for the Powerball draw on Sat Apr 19, 2025, is projected to be $131 Million, with an option for a cash payout of $58.6 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 Sat Apr 19, 2025 |
|---|
| Draw Date | Sat Apr 19, 2025 | | Projected Jackpot | $131,000,000 | | Cash Value | $58,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $58,600,000 | | Federal Tax(24%) | $14,064,000 | | Additional Federal Tax | $7,578,330 | | State Tax(4.75%) | $2,783,500 | | Net Lumpsum Payment | $34,174,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,971,681 |
$689,852
$93,655 |
$1,188,174 |
| 2 |
$2,070,324 |
$726,350
$98,340 |
$1,245,634 |
| 3 |
$2,173,814 |
$764,642
$103,256 |
$1,305,916 |
| 4 |
$2,282,544 |
$804,872
$108,421 |
$1,369,251 |
| 5 |
$2,396,645 |
$847,089
$113,841 |
$1,435,715 |
| 6 |
$2,516,510 |
$891,439
$119,534 |
$1,505,537 |
| 7 |
$2,642,270 |
$937,970
$125,508 |
$1,578,792 |
| 8 |
$2,774,449 |
$986,877
$131,786 |
$1,655,786 |
| 9 |
$2,913,178 |
$1,038,206
$138,376 |
$1,736,596 |
| 10 |
$3,058,850 |
$1,092,105
$145,295 |
$1,821,450 |
| 11 |
$3,211,727 |
$1,148,669
$152,557 |
$1,910,501 |
| 12 |
$3,372,333 |
$1,208,094
$160,186 |
$2,004,053 |
| 13 |
$3,540,930 |
$1,270,474
$168,194 |
$2,102,262 |
| 14 |
$3,718,042 |
$1,336,006
$176,607 |
$2,205,429 |
| 15 |
$3,903,931 |
$1,404,785
$185,437 |
$2,313,709 |
| 16 |
$4,099,121 |
$1,477,005
$194,708 |
$2,427,408 |
| 17 |
$4,304,005 |
$1,552,812
$204,440 |
$2,546,753 |
| 18 |
$4,519,238 |
$1,632,448
$214,664 |
$2,672,126 |
| 19 |
$4,745,213 |
$1,716,059
$225,398 |
$2,803,756 |
| 20 |
$4,982,454 |
$1,803,838
$236,667 |
$2,941,949 |
| 21 |
$5,231,616 |
$1,896,028
$248,502 |
$3,087,086 |
| 22 |
$5,493,223 |
$1,992,823
$260,928 |
$3,239,472 |
| 23 |
$5,767,799 |
$2,094,416
$273,970 |
$3,399,413 |
| 24 |
$6,056,261 |
$2,201,147
$287,672 |
$3,567,442 |
| 25 |
$6,359,002 |
$2,313,161
$302,053 |
$3,743,788 |
| 26 |
$6,677,070 |
$2,430,846
$317,161 |
$3,929,063 |
| 27 |
$7,010,858 |
$2,554,348
$333,016 |
$4,123,494 |
| 28 |
$7,361,414 |
$2,684,054
$349,667 |
$4,327,693 |
| 29 |
$7,729,524 |
$2,820,254
$367,152 |
$4,542,118 |
| 30 |
$8,115,974 |
$2,963,241
$385,509 |
$4,767,224 |
|
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