The jackpot for the Powerball draw on Mon Dec 1, 2025, is projected to be $740 Million, with an option for a cash payout of $346.1 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 Mon Dec 1, 2025 |
|---|
| Draw Date | Mon Dec 1, 2025 | | Projected Jackpot | $740,000,000 | | Cash Value | $346,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $346,100,000 | | Federal Tax(24%) | $83,064,000 | | Additional Federal Tax | $44,953,330 | | State Tax(4.75%) | $16,439,750 | | Net Lumpsum Payment | $201,642,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,137,740 |
$4,081,294
$529,043 |
$6,527,403 |
| 2 |
$11,694,960 |
$4,287,466
$555,511 |
$6,851,983 |
| 3 |
$12,279,560 |
$4,503,768
$583,279 |
$7,192,513 |
| 4 |
$12,893,760 |
$4,731,022
$612,454 |
$7,550,284 |
| 5 |
$13,538,300 |
$4,969,501
$643,069 |
$7,925,730 |
| 6 |
$14,215,400 |
$5,220,028
$675,232 |
$8,320,140 |
| 7 |
$14,925,800 |
$5,482,876
$708,976 |
$8,733,948 |
| 8 |
$15,672,460 |
$5,759,141
$744,442 |
$9,168,877 |
| 9 |
$16,456,120 |
$6,049,095
$781,666 |
$9,625,359 |
| 10 |
$17,279,000 |
$6,353,560
$820,753 |
$10,104,687 |
| 11 |
$18,142,580 |
$6,673,085
$861,773 |
$10,607,722 |
| 12 |
$19,049,820 |
$7,008,764
$904,866 |
$11,136,190 |
| 13 |
$20,002,200 |
$7,361,144
$950,105 |
$11,690,951 |
| 14 |
$21,002,680 |
$7,731,322
$997,627 |
$12,273,731 |
| 15 |
$22,052,740 |
$8,119,844
$1,047,505 |
$12,885,391 |
| 16 |
$23,155,340 |
$8,527,806
$1,099,879 |
$13,527,655 |
| 17 |
$24,312,700 |
$8,956,029
$1,154,853 |
$14,201,818 |
| 18 |
$25,528,520 |
$9,405,883
$1,212,605 |
$14,910,032 |
| 19 |
$26,805,020 |
$9,878,188
$1,273,238 |
$15,653,594 |
| 20 |
$28,145,160 |
$10,374,040
$1,336,895 |
$16,434,225 |
| 21 |
$29,552,640 |
$10,894,807
$1,403,750 |
$17,254,083 |
| 22 |
$31,030,420 |
$11,441,586
$1,473,945 |
$18,114,889 |
| 23 |
$32,581,460 |
$12,015,471
$1,547,619 |
$19,018,370 |
| 24 |
$34,210,940 |
$12,618,378
$1,625,020 |
$19,967,542 |
| 25 |
$35,921,080 |
$13,251,130
$1,706,251 |
$20,963,699 |
| 26 |
$37,717,800 |
$13,915,916
$1,791,596 |
$22,010,288 |
| 27 |
$39,603,320 |
$14,613,559
$1,881,158 |
$23,108,603 |
| 28 |
$41,583,560 |
$15,346,248
$1,975,219 |
$24,262,093 |
| 29 |
$43,662,960 |
$16,115,626
$2,073,991 |
$25,473,343 |
| 30 |
$45,845,960 |
$16,923,336
$2,177,683 |
$26,744,941 |
|
|
