The jackpot for the Powerball draw on Mon Mar 2, 2026, is projected to be $249 Million, with an option for a cash payout of $117.2 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 Mar 2, 2026 |
|---|
| Draw Date | Mon Mar 2, 2026 | | Projected Jackpot | $249,000,000 | | Cash Value | $117,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $117,200,000 | | Federal Tax(24%) | $28,128,000 | | Additional Federal Tax | $15,196,330 | | State Tax(4.75%) | $5,567,000 | | Net Lumpsum Payment | $68,308,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,747,699 |
$1,346,979
$178,016 |
$2,222,704 |
| 2 |
$3,935,196 |
$1,416,353
$186,922 |
$2,331,921 |
| 3 |
$4,131,906 |
$1,489,136
$196,266 |
$2,446,504 |
| 4 |
$4,338,576 |
$1,565,604
$206,082 |
$2,566,890 |
| 5 |
$4,555,455 |
$1,645,849
$216,384 |
$2,693,222 |
| 6 |
$4,783,290 |
$1,730,148
$227,206 |
$2,825,936 |
| 7 |
$5,022,330 |
$1,818,592
$238,561 |
$2,965,177 |
| 8 |
$5,273,571 |
$1,911,552
$250,495 |
$3,111,524 |
| 9 |
$5,537,262 |
$2,009,117
$263,020 |
$3,265,125 |
| 10 |
$5,814,150 |
$2,111,566
$276,172 |
$3,426,412 |
| 11 |
$6,104,733 |
$2,219,082
$289,975 |
$3,595,676 |
| 12 |
$6,410,007 |
$2,332,033
$304,475 |
$3,773,499 |
| 13 |
$6,730,470 |
$2,450,604
$319,697 |
$3,960,169 |
| 14 |
$7,067,118 |
$2,575,164
$335,688 |
$4,156,266 |
| 15 |
$7,420,449 |
$2,705,897
$352,471 |
$4,362,081 |
| 16 |
$7,791,459 |
$2,843,170
$370,094 |
$4,578,195 |
| 17 |
$8,180,895 |
$2,987,262
$388,593 |
$4,805,040 |
| 18 |
$8,590,002 |
$3,138,631
$408,025 |
$5,043,346 |
| 19 |
$9,019,527 |
$3,297,555
$428,428 |
$5,293,544 |
| 20 |
$9,470,466 |
$3,464,403
$449,847 |
$5,556,216 |
| 21 |
$9,944,064 |
$3,639,634
$472,343 |
$5,832,087 |
| 22 |
$10,441,317 |
$3,823,618
$495,963 |
$6,121,736 |
| 23 |
$10,963,221 |
$4,016,722
$520,753 |
$6,425,746 |
| 24 |
$11,511,519 |
$4,219,592
$546,797 |
$6,745,130 |
| 25 |
$12,086,958 |
$4,432,505
$574,131 |
$7,080,322 |
| 26 |
$12,691,530 |
$4,656,196
$602,848 |
$7,432,486 |
| 27 |
$13,325,982 |
$4,890,944
$632,984 |
$7,802,054 |
| 28 |
$13,992,306 |
$5,137,484
$664,635 |
$8,190,187 |
| 29 |
$14,691,996 |
$5,396,369
$697,870 |
$8,597,757 |
| 30 |
$15,426,546 |
$5,668,152
$732,761 |
$9,025,633 |
|
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