The jackpot for the Powerball draw on Sat Nov 8, 2025, is projected to be $467 Million, with an option for a cash payout of $220.7 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 Sat Nov 8, 2025 |
|---|
| Draw Date | Sat Nov 8, 2025 | | Projected Jackpot | $467,000,000 | | Cash Value | $220,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,700,000 | | Federal Tax(24%) | $52,968,000 | | Additional Federal Tax | $28,651,330 | | State Tax(4.75%) | $10,483,250 | | Net Lumpsum Payment | $128,597,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,028,817 |
$2,560,993
$333,869 |
$4,133,955 |
| 2 |
$7,380,468 |
$2,691,104
$350,572 |
$4,338,792 |
| 3 |
$7,749,398 |
$2,827,608
$368,096 |
$4,553,694 |
| 4 |
$8,137,008 |
$2,971,023
$386,508 |
$4,779,477 |
| 5 |
$8,543,765 |
$3,121,523
$405,829 |
$5,016,413 |
| 6 |
$8,971,070 |
$3,279,626
$426,126 |
$5,265,318 |
| 7 |
$9,419,390 |
$3,445,505
$447,421 |
$5,526,464 |
| 8 |
$9,890,593 |
$3,619,850
$469,803 |
$5,800,940 |
| 9 |
$10,385,146 |
$3,802,834
$493,294 |
$6,089,018 |
| 10 |
$10,904,450 |
$3,994,977
$517,961 |
$6,391,512 |
| 11 |
$11,449,439 |
$4,196,623
$543,848 |
$6,708,968 |
| 12 |
$12,021,981 |
$4,408,463
$571,044 |
$7,042,474 |
| 13 |
$12,623,010 |
$4,630,844
$599,593 |
$7,392,573 |
| 14 |
$13,254,394 |
$4,864,456
$629,584 |
$7,760,354 |
| 15 |
$13,917,067 |
$5,109,645
$661,061 |
$8,146,361 |
| 16 |
$14,612,897 |
$5,367,102
$694,113 |
$8,551,682 |
| 17 |
$15,343,285 |
$5,637,346
$728,806 |
$8,977,133 |
| 18 |
$16,110,566 |
$5,921,240
$765,252 |
$9,424,074 |
| 19 |
$16,916,141 |
$6,219,303
$803,517 |
$9,893,321 |
| 20 |
$17,761,878 |
$6,532,225
$843,689 |
$10,385,964 |
| 21 |
$18,650,112 |
$6,860,872
$885,880 |
$10,903,360 |
| 22 |
$19,582,711 |
$7,205,933
$930,179 |
$11,446,599 |
| 23 |
$20,561,543 |
$7,568,101
$976,673 |
$12,016,769 |
| 24 |
$21,589,877 |
$7,948,585
$1,025,519 |
$12,615,773 |
| 25 |
$22,669,114 |
$8,347,903
$1,076,783 |
$13,244,428 |
| 26 |
$23,802,990 |
$8,767,437
$1,130,642 |
$13,904,911 |
| 27 |
$24,992,906 |
$9,207,706
$1,187,163 |
$14,598,037 |
| 28 |
$26,242,598 |
$9,670,092
$1,246,523 |
$15,325,983 |
| 29 |
$27,554,868 |
$10,155,632
$1,308,856 |
$16,090,380 |
| 30 |
$28,932,518 |
$10,665,362
$1,374,295 |
$16,892,861 |
|
|
