The jackpot for the Powerball draw on Wed Jun 25, 2025, is projected to be $140 Million, with an option for a cash payout of $63 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 25, 2025 |
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Draw Date | Wed Jun 25, 2025 | Projected Jackpot | $140,000,000 | Cash Value | $63,000,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $63,000,000 | Federal Tax(24%) | $15,120,000 | Additional Federal Tax | $8,150,330 | State Tax(4.75%) | $2,992,500 | Net Lumpsum Payment | $36,737,170 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$2,107,140 |
$739,972 $100,089 |
$1,267,079 |
2 |
$2,212,560 |
$778,978 $105,097 |
$1,328,485 |
3 |
$2,323,160 |
$819,900 $110,350 |
$1,392,910 |
4 |
$2,439,360 |
$862,894 $115,870 |
$1,460,596 |
5 |
$2,561,300 |
$908,011 $121,662 |
$1,531,627 |
6 |
$2,689,400 |
$955,408 $127,747 |
$1,606,245 |
7 |
$2,823,800 |
$1,005,136 $134,131 |
$1,684,533 |
8 |
$2,965,060 |
$1,057,403 $140,840 |
$1,766,817 |
9 |
$3,113,320 |
$1,112,259 $147,883 |
$1,853,178 |
10 |
$3,269,000 |
$1,169,860 $155,278 |
$1,943,862 |
11 |
$3,432,380 |
$1,230,311 $163,038 |
$2,039,031 |
12 |
$3,604,020 |
$1,293,818 $171,191 |
$2,139,011 |
13 |
$3,784,200 |
$1,360,484 $179,750 |
$2,243,966 |
14 |
$3,973,480 |
$1,430,518 $188,740 |
$2,354,222 |
15 |
$4,172,140 |
$1,504,022 $198,177 |
$2,469,941 |
16 |
$4,380,740 |
$1,581,204 $208,085 |
$2,591,451 |
17 |
$4,599,700 |
$1,662,219 $218,486 |
$2,718,995 |
18 |
$4,829,720 |
$1,747,327 $229,412 |
$2,852,981 |
19 |
$5,071,220 |
$1,836,682 $240,883 |
$2,993,655 |
20 |
$5,324,760 |
$1,930,492 $252,926 |
$3,141,342 |
21 |
$5,591,040 |
$2,029,015 $265,574 |
$3,296,451 |
22 |
$5,870,620 |
$2,132,460 $278,854 |
$3,459,306 |
23 |
$6,164,060 |
$2,241,033 $292,793 |
$3,630,234 |
24 |
$6,472,340 |
$2,355,096 $307,436 |
$3,809,808 |
25 |
$6,795,880 |
$2,474,806 $322,804 |
$3,998,270 |
26 |
$7,135,800 |
$2,600,576 $338,951 |
$4,196,273 |
27 |
$7,492,520 |
$2,732,563 $355,895 |
$4,404,062 |
28 |
$7,867,160 |
$2,871,180 $373,690 |
$4,622,290 |
29 |
$8,260,560 |
$3,016,738 $392,377 |
$4,851,445 |
30 |
$8,673,560 |
$3,169,548 $411,994 |
$5,092,018 |
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