The jackpot for the Powerball draw on Mon Oct 6, 2025, is projected to be $207 Million, with an option for a cash payout of $96.9 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 Oct 6, 2025 |
|---|
| Draw Date | Mon Oct 6, 2025 | | Projected Jackpot | $207,000,000 | | Cash Value | $96,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $96,900,000 | | Federal Tax(24%) | $23,256,000 | | Additional Federal Tax | $12,557,330 | | State Tax(4.75%) | $4,602,750 | | Net Lumpsum Payment | $56,483,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,115,557 |
$1,113,086
$147,989 |
$1,854,482 |
| 2 |
$3,271,428 |
$1,170,759
$155,393 |
$1,945,276 |
| 3 |
$3,434,958 |
$1,231,265
$163,161 |
$2,040,532 |
| 4 |
$3,606,768 |
$1,294,835
$171,321 |
$2,140,612 |
| 5 |
$3,787,065 |
$1,361,544
$179,886 |
$2,245,635 |
| 6 |
$3,976,470 |
$1,431,624
$188,882 |
$2,355,964 |
| 7 |
$4,175,190 |
$1,505,151
$198,322 |
$2,471,717 |
| 8 |
$4,384,053 |
$1,582,430
$208,243 |
$2,593,380 |
| 9 |
$4,603,266 |
$1,663,539
$218,655 |
$2,721,072 |
| 10 |
$4,833,450 |
$1,748,707
$229,589 |
$2,855,154 |
| 11 |
$5,075,019 |
$1,838,087
$241,063 |
$2,995,869 |
| 12 |
$5,328,801 |
$1,931,987
$253,118 |
$3,143,696 |
| 13 |
$5,595,210 |
$2,030,558
$265,772 |
$3,298,880 |
| 14 |
$5,875,074 |
$2,134,108
$279,066 |
$3,461,900 |
| 15 |
$6,168,807 |
$2,242,789
$293,018 |
$3,633,000 |
| 16 |
$6,477,237 |
$2,356,908
$307,669 |
$3,812,660 |
| 17 |
$6,800,985 |
$2,476,695
$323,047 |
$4,001,243 |
| 18 |
$7,141,086 |
$2,602,532
$339,202 |
$4,199,352 |
| 19 |
$7,498,161 |
$2,734,650
$356,163 |
$4,407,348 |
| 20 |
$7,873,038 |
$2,873,354
$373,969 |
$4,625,715 |
| 21 |
$8,266,752 |
$3,019,029
$392,671 |
$4,855,052 |
| 22 |
$8,680,131 |
$3,171,979
$412,306 |
$5,095,846 |
| 23 |
$9,114,003 |
$3,332,511
$432,915 |
$5,348,577 |
| 24 |
$9,569,817 |
$3,501,163
$454,566 |
$5,614,088 |
| 25 |
$10,048,194 |
$3,678,162
$477,289 |
$5,892,743 |
| 26 |
$10,550,790 |
$3,864,123
$501,163 |
$6,185,504 |
| 27 |
$11,078,226 |
$4,059,274
$526,216 |
$6,492,736 |
| 28 |
$11,632,158 |
$4,264,229
$552,528 |
$6,815,401 |
| 29 |
$12,213,828 |
$4,479,447
$580,157 |
$7,154,224 |
| 30 |
$12,824,478 |
$4,705,387
$609,163 |
$7,509,928 |
|
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