The jackpot for the Powerball draw on Mon Sep 21, 2026, is projected to be $313 Million, with an option for a cash payout of $133.6 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 Mon Sep 21, 2026 |
|---|
| Draw Date | Mon Sep 21, 2026 | | Projected Jackpot | $313,000,000 | | Cash Value | $133,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $133,600,000 | | Federal Tax(24%) | $32,064,000 | | Additional Federal Tax | $17,328,330 | | State Tax(4.75%) | $6,346,000 | | Net Lumpsum Payment | $77,861,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$223,771 |
$2,783,805 |
| 2 |
$4,946,652 |
$1,790,592
$234,966 |
$2,921,094 |
| 3 |
$5,193,922 |
$1,882,082
$246,711 |
$3,065,129 |
| 4 |
$5,453,712 |
$1,978,204
$259,051 |
$3,216,457 |
| 5 |
$5,726,335 |
$2,079,074
$272,001 |
$3,375,260 |
| 6 |
$6,012,730 |
$2,185,040
$285,605 |
$3,542,085 |
| 7 |
$6,313,210 |
$2,296,218
$299,877 |
$3,717,115 |
| 8 |
$6,629,027 |
$2,413,070
$314,879 |
$3,901,078 |
| 9 |
$6,960,494 |
$2,535,713
$330,623 |
$4,094,158 |
| 10 |
$7,308,550 |
$2,664,494
$347,156 |
$4,296,900 |
| 11 |
$7,673,821 |
$2,799,644
$364,506 |
$4,509,671 |
| 12 |
$8,057,559 |
$2,941,627
$382,734 |
$4,733,198 |
| 13 |
$8,460,390 |
$3,090,675
$401,869 |
$4,967,846 |
| 14 |
$8,883,566 |
$3,247,250
$421,969 |
$5,214,347 |
| 15 |
$9,327,713 |
$3,411,584
$443,066 |
$5,473,063 |
| 16 |
$9,794,083 |
$3,584,141
$465,219 |
$5,744,723 |
| 17 |
$10,283,615 |
$3,765,268
$488,472 |
$6,029,875 |
| 18 |
$10,797,874 |
$3,955,544
$512,899 |
$6,329,431 |
| 19 |
$11,337,799 |
$4,155,316
$538,545 |
$6,643,938 |
| 20 |
$11,904,642 |
$4,365,048
$565,470 |
$6,974,124 |
| 21 |
$12,499,968 |
$4,585,319
$593,748 |
$7,320,901 |
| 22 |
$13,125,029 |
$4,816,591
$623,439 |
$7,684,999 |
| 23 |
$13,781,077 |
$5,059,329
$654,601 |
$8,067,147 |
| 24 |
$14,470,303 |
$5,314,342
$687,339 |
$8,468,622 |
| 25 |
$15,193,646 |
$5,581,979
$721,698 |
$8,889,969 |
| 26 |
$15,953,610 |
$5,863,166
$757,796 |
$9,332,648 |
| 27 |
$16,751,134 |
$6,158,250
$795,679 |
$9,797,205 |
| 28 |
$17,588,722 |
$6,468,158
$835,464 |
$10,285,100 |
| 29 |
$18,468,252 |
$6,793,584
$877,242 |
$10,797,426 |
| 30 |
$19,391,602 |
$7,135,223
$921,101 |
$11,335,278 |
|
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