USA Mega

North Carolina Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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

The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $447,800,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

North Carolina

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,452,000$303,301$3,984,731
2$7,077,034$2,576,690$318,467$4,181,877
3$7,430,886$2,707,616$334,390$4,388,880
4$7,802,430$2,845,087$351,109$4,606,234
5$8,192,552$2,989,432$368,665$4,834,455
6$8,602,179$3,140,994$387,098$5,074,087
7$9,032,289$3,300,135$406,453$5,325,701
8$9,483,903$3,467,232$426,776$5,589,895
9$9,958,098$3,642,684$448,114$5,867,300
10$10,456,003$3,826,909$470,520$6,158,574
11$10,978,803$4,020,345$494,046$6,464,412
12$11,527,743$4,223,453$518,748$6,785,542
13$12,104,130$4,436,716$544,686$7,122,728
14$12,709,337$4,660,642$571,920$7,476,774
15$13,344,804$4,895,765$600,516$7,848,522
16$14,012,044$5,142,644$630,542$8,238,858
17$14,712,646$5,401,867$662,069$8,648,710
18$15,448,278$5,674,051$695,173$9,079,055
19$16,220,692$5,959,844$729,931$9,530,917
20$17,031,727$6,259,927$766,428$10,005,372
21$17,883,313$6,575,014$804,749$10,503,550
22$18,777,479$6,905,855$844,987$11,026,637
23$19,716,353$7,253,238$887,236$11,575,879
24$20,702,170$7,617,991$931,598$12,152,582
25$21,737,279$8,000,981$978,178$12,758,120
26$22,824,143$8,403,121$1,027,086$13,393,936
27$23,965,350$8,825,367$1,078,441$14,061,542
28$25,163,617$9,268,726$1,132,363$14,762,528
29$26,421,798$9,734,253$1,188,981$15,498,564
30$27,742,888$10,223,056$1,248,430$16,271,402
Total$447,800,001$164,431,635$20,151,001$263,217,364

◄ Back to Jackpot Analysis

Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.