USA Mega

North Carolina Powerball Jackpot Annuity Payout Schedule for Nov 28, 2022

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 $54,800,000 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:Mon, Nov 28, 2022
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$263,371$37,117$524,331
2$866,060$278,630$38,973$548,457
3$909,363$294,652$40,921$573,789
4$954,831$311,475$42,967$600,388
5$1,002,572$329,139$45,116$628,317
6$1,052,701$347,687$47,372$657,642
7$1,105,336$367,162$49,740$688,434
8$1,160,603$387,611$52,227$720,765
9$1,218,633$409,082$54,838$754,712
10$1,279,564$431,627$57,580$790,357
11$1,343,543$455,299$60,459$827,785
12$1,410,720$480,154$63,482$867,083
13$1,481,256$506,252$66,657$908,347
14$1,555,319$533,656$69,989$951,674
15$1,633,084$562,429$73,489$997,167
16$1,714,739$592,641$77,163$1,044,934
17$1,800,476$624,364$81,021$1,095,091
18$1,890,499$657,673$85,072$1,147,754
19$1,985,024$692,647$89,326$1,203,052
20$2,084,276$729,370$93,792$1,261,113
21$2,188,489$767,929$98,482$1,322,079
22$2,297,914$808,416$103,406$1,386,092
23$2,412,810$850,927$108,576$1,453,306
24$2,533,450$895,564$114,005$1,523,881
25$2,660,123$942,433$119,706$1,597,984
26$2,793,129$991,645$125,691$1,675,793
27$2,932,785$1,043,318$131,975$1,757,492
28$3,079,424$1,097,575$138,574$1,843,275
29$3,233,396$1,154,544$145,503$1,933,349
30$3,395,065$1,214,362$152,778$2,027,926
Total$54,800,000$19,021,634$2,465,997$33,312,369

◄ 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.