The jackpot for the Powerball draw on Mon May 11, 2026, is projected to be $57 Million, with an option for a cash payout of $25.7 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 May 11, 2026 |
|---|
| Draw Date | Mon May 11, 2026 | | Projected Jackpot | $57,000,000 | | Cash Value | $25,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $25,700,000 | | Federal Tax(24%) | $6,168,000 | | Additional Federal Tax | $3,301,330 | | State Tax(4.75%) | $1,220,750 | | Net Lumpsum Payment | $15,009,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$857,907 |
$277,756
$40,751 |
$539,400 |
| 2 |
$900,828 |
$293,637
$42,789 |
$564,402 |
| 3 |
$945,858 |
$310,298
$44,928 |
$590,632 |
| 4 |
$993,168 |
$327,803
$47,175 |
$618,190 |
| 5 |
$1,042,815 |
$346,172
$49,534 |
$647,109 |
| 6 |
$1,094,970 |
$365,469
$52,011 |
$677,490 |
| 7 |
$1,149,690 |
$385,716
$54,610 |
$709,364 |
| 8 |
$1,207,203 |
$406,995
$57,342 |
$742,866 |
| 9 |
$1,267,566 |
$429,330
$60,209 |
$778,027 |
| 10 |
$1,330,950 |
$452,782
$63,220 |
$814,948 |
| 11 |
$1,397,469 |
$477,394
$66,380 |
$853,695 |
| 12 |
$1,467,351 |
$503,250
$69,699 |
$894,402 |
| 13 |
$1,540,710 |
$530,393
$73,184 |
$937,133 |
| 14 |
$1,617,774 |
$558,907
$76,844 |
$982,023 |
| 15 |
$1,698,657 |
$588,833
$80,686 |
$1,029,138 |
| 16 |
$1,783,587 |
$620,258
$84,720 |
$1,078,609 |
| 17 |
$1,872,735 |
$653,242
$88,955 |
$1,130,538 |
| 18 |
$1,966,386 |
$687,893
$93,403 |
$1,185,090 |
| 19 |
$2,064,711 |
$724,273
$98,074 |
$1,242,364 |
| 20 |
$2,167,938 |
$762,467
$102,977 |
$1,302,494 |
| 21 |
$2,276,352 |
$802,581
$108,127 |
$1,365,644 |
| 22 |
$2,390,181 |
$844,697
$113,534 |
$1,431,950 |
| 23 |
$2,509,653 |
$888,902
$119,209 |
$1,501,542 |
| 24 |
$2,635,167 |
$935,342
$125,170 |
$1,574,655 |
| 25 |
$2,766,894 |
$984,081
$131,427 |
$1,651,386 |
| 26 |
$2,905,290 |
$1,035,288
$138,001 |
$1,732,001 |
| 27 |
$3,050,526 |
$1,089,025
$144,900 |
$1,816,601 |
| 28 |
$3,203,058 |
$1,145,462
$152,145 |
$1,905,451 |
| 29 |
$3,363,228 |
$1,204,725
$159,753 |
$1,998,750 |
| 30 |
$3,531,378 |
$1,266,940
$167,740 |
$2,096,698 |
|
|
