USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for North Carolina (Oct. 27, 2018 Drawing)

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $687,800,000 would be for a resident of North Carolina, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

North Carolina

Drawing Date:  Oct. 27, 2018
Jackpot:$687,800,000
Federal Tax:  24%
State Tax:5.50%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,352,377$2,484,570$569,277$7,298,529
2$10,869,996$2,608,799$597,741$7,663,456
3$11,413,496$2,739,239$627,628$8,046,629
4$11,984,171$2,876,201$659,010$8,448,960
5$12,583,379$3,020,011$691,960$8,871,408
6$13,212,548$3,171,011$726,558$9,314,978
7$13,873,176$3,329,562$762,886$9,780,728
8$14,566,834$3,496,040$801,030$10,269,764
9$15,295,176$3,670,842$841,082$10,783,252
10$16,059,935$3,854,384$883,136$11,322,415
11$16,862,932$4,047,104$927,293$11,888,535
12$17,706,078$4,249,459$973,657$12,482,962
13$18,591,382$4,461,932$1,022,340$13,107,110
14$19,520,951$4,685,028$1,073,457$13,762,466
15$20,496,998$4,919,280$1,127,130$14,450,589
16$21,521,849$5,165,244$1,183,486$15,173,119
17$22,597,941$5,423,506$1,242,661$15,931,774
18$23,727,838$5,694,681$1,304,794$16,728,363
19$24,914,230$5,979,415$1,370,033$17,564,781
20$26,159,941$6,278,386$1,438,535$18,443,020
21$27,467,938$6,592,305$1,510,462$19,365,171
22$28,841,335$6,921,920$1,585,985$20,333,430
23$30,283,402$7,268,016$1,665,284$21,350,101
24$31,797,572$7,631,417$1,748,548$22,417,606
25$33,387,450$8,012,988$1,835,976$23,538,486
26$35,056,823$8,413,638$1,927,775$24,715,411
27$36,809,665$8,834,319$2,024,163$25,951,182
28$38,650,147$9,276,035$2,125,372$27,248,740
29$40,582,655$9,739,837$2,231,640$28,611,177
30$42,611,788$10,226,829$2,343,222$30,041,737
Total$687,800,001$165,072,000$37,822,122$484,905,879
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2019 Speednet Group.  All rights reserved.