The jackpot for the Powerball draw on Wed Jun 24, 2026, is projected to be $327 Million, with an option for a cash payout of $148 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 Jun 24, 2026 |
|---|
| Draw Date | Wed Jun 24, 2026 | | Projected Jackpot | $327,000,000 | | Cash Value | $148,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $148,000,000 | | Federal Tax(24%) | $35,520,000 | | Additional Federal Tax | $19,200,330 | | State Tax(4.75%) | $7,030,000 | | Net Lumpsum Payment | $86,249,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,921,677 |
$1,781,351
$233,780 |
$2,906,546 |
| 2 |
$5,167,908 |
$1,872,456
$245,476 |
$3,049,976 |
| 3 |
$5,426,238 |
$1,968,038
$257,746 |
$3,200,454 |
| 4 |
$5,697,648 |
$2,068,460
$270,638 |
$3,358,550 |
| 5 |
$5,982,465 |
$2,173,842
$284,167 |
$3,524,456 |
| 6 |
$6,281,670 |
$2,284,548
$298,379 |
$3,698,743 |
| 7 |
$6,595,590 |
$2,400,699
$313,291 |
$3,881,600 |
| 8 |
$6,925,533 |
$2,522,778
$328,963 |
$4,073,792 |
| 9 |
$7,271,826 |
$2,650,906
$345,412 |
$4,275,508 |
| 10 |
$7,635,450 |
$2,785,447
$362,684 |
$4,487,319 |
| 11 |
$8,017,059 |
$2,926,642
$380,810 |
$4,709,607 |
| 12 |
$8,417,961 |
$3,074,976
$399,853 |
$4,943,132 |
| 13 |
$8,838,810 |
$3,230,690
$419,843 |
$5,188,277 |
| 14 |
$9,280,914 |
$3,394,269
$440,843 |
$5,445,802 |
| 15 |
$9,744,927 |
$3,565,953
$462,884 |
$5,716,090 |
| 16 |
$10,232,157 |
$3,746,228
$486,027 |
$5,999,902 |
| 17 |
$10,743,585 |
$3,935,457
$510,320 |
$6,297,808 |
| 18 |
$11,280,846 |
$4,134,243
$535,840 |
$6,610,763 |
| 19 |
$11,844,921 |
$4,342,951
$562,634 |
$6,939,336 |
| 20 |
$12,437,118 |
$4,562,064
$590,763 |
$7,284,291 |
| 21 |
$13,059,072 |
$4,792,187
$620,306 |
$7,646,579 |
| 22 |
$13,712,091 |
$5,033,804
$651,324 |
$8,026,963 |
| 23 |
$14,397,483 |
$5,287,399
$683,880 |
$8,426,204 |
| 24 |
$15,117,537 |
$5,553,819
$718,083 |
$8,845,635 |
| 25 |
$15,873,234 |
$5,833,427
$753,979 |
$9,285,828 |
| 26 |
$16,667,190 |
$6,127,191
$791,692 |
$9,748,307 |
| 27 |
$17,500,386 |
$6,435,473
$831,268 |
$10,233,645 |
| 28 |
$18,375,438 |
$6,759,242
$872,833 |
$10,743,363 |
| 29 |
$19,294,308 |
$7,099,224
$916,480 |
$11,278,604 |
| 30 |
$20,258,958 |
$7,456,145
$962,301 |
$11,840,512 |
|
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