The jackpot for the Powerball draw on Wed Oct 29, 2025, is projected to be $376 Million, with an option for a cash payout of $179.3 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 Oct 29, 2025 |
|---|
| Draw Date | Wed Oct 29, 2025 | | Projected Jackpot | $376,000,000 | | Cash Value | $179,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $179,300,000 | | Federal Tax(24%) | $43,032,000 | | Additional Federal Tax | $23,269,330 | | State Tax(4.75%) | $8,516,750 | | Net Lumpsum Payment | $104,481,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,659,176 |
$2,054,226
$268,811 |
$3,336,139 |
| 2 |
$5,942,304 |
$2,158,983
$282,259 |
$3,501,062 |
| 3 |
$6,239,344 |
$2,268,888
$296,369 |
$3,674,087 |
| 4 |
$6,551,424 |
$2,384,357
$311,193 |
$3,855,874 |
| 5 |
$6,878,920 |
$2,505,531
$326,749 |
$4,046,640 |
| 6 |
$7,222,960 |
$2,632,826
$343,091 |
$4,247,043 |
| 7 |
$7,583,920 |
$2,766,381
$360,236 |
$4,457,303 |
| 8 |
$7,963,304 |
$2,906,753
$378,257 |
$4,678,294 |
| 9 |
$8,361,488 |
$3,054,081
$397,171 |
$4,910,236 |
| 10 |
$8,779,600 |
$3,208,782
$417,031 |
$5,153,787 |
| 11 |
$9,218,392 |
$3,371,135
$437,874 |
$5,409,383 |
| 12 |
$9,679,368 |
$3,541,697
$459,770 |
$5,677,901 |
| 13 |
$10,163,280 |
$3,720,744
$482,756 |
$5,959,780 |
| 14 |
$10,671,632 |
$3,908,834
$506,903 |
$6,255,895 |
| 15 |
$11,205,176 |
$4,106,246
$532,246 |
$6,566,684 |
| 16 |
$11,765,416 |
$4,313,534
$558,857 |
$6,893,025 |
| 17 |
$12,353,480 |
$4,531,118
$586,790 |
$7,235,572 |
| 18 |
$12,971,248 |
$4,759,692
$616,134 |
$7,595,422 |
| 19 |
$13,619,848 |
$4,999,674
$646,943 |
$7,973,231 |
| 20 |
$14,300,784 |
$5,251,620
$679,287 |
$8,369,877 |
| 21 |
$15,015,936 |
$5,516,227
$713,257 |
$8,786,452 |
| 22 |
$15,766,808 |
$5,794,049
$748,923 |
$9,223,836 |
| 23 |
$16,554,904 |
$6,085,645
$786,358 |
$9,682,901 |
| 24 |
$17,382,856 |
$6,391,987
$825,686 |
$10,165,183 |
| 25 |
$18,251,792 |
$6,713,493
$866,960 |
$10,671,339 |
| 26 |
$19,164,720 |
$7,051,277
$910,324 |
$11,203,119 |
| 27 |
$20,122,768 |
$7,405,755
$955,831 |
$11,761,182 |
| 28 |
$21,128,944 |
$7,778,040
$1,003,625 |
$12,347,279 |
| 29 |
$22,185,504 |
$8,168,967
$1,053,811 |
$12,962,726 |
| 30 |
$23,294,704 |
$8,579,371
$1,106,498 |
$13,608,835 |
|
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