USA Mega

North Carolina Powerball Jackpot Annuity Payout Schedule for Nov 6, 2023

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

The tax information provided here is based on 2025 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 $181,900,000 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 6, 2023
Jackpot:$181,900,000
Federal Tax:37% marginal rate
State Tax: 4.25%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,737,856$970,027$116,359$1,651,470
2$2,874,749$1,020,677$122,177$1,731,895
3$3,018,486$1,073,860$128,286$1,816,340
4$3,169,411$1,129,702$134,700$1,905,009
5$3,327,881$1,188,336$141,435$1,998,110
6$3,494,275$1,249,902$148,507$2,095,866
7$3,668,989$1,314,546$155,932$2,198,511
8$3,852,438$1,382,422$163,729$2,306,287
9$4,045,060$1,453,693$171,915$2,419,453
10$4,247,313$1,528,526$180,511$2,538,276
11$4,459,679$1,607,101$189,536$2,663,041
12$4,682,663$1,689,606$199,013$2,794,044
13$4,916,796$1,776,235$208,964$2,931,597
14$5,162,636$1,867,196$219,412$3,076,028
15$5,420,768$1,962,704$230,383$3,227,681
16$5,691,806$2,062,989$241,902$3,386,916
17$5,976,396$2,168,287$253,997$3,554,113
18$6,275,216$2,278,850$266,697$3,729,669
19$6,588,977$2,394,942$280,032$3,914,004
20$6,918,426$2,516,838$294,033$4,107,555
21$7,264,347$2,644,829$308,735$4,310,784
22$7,627,564$2,779,219$324,171$4,524,174
23$8,008,943$2,920,329$340,380$4,748,234
24$8,409,390$3,068,494$357,399$4,983,496
25$8,829,859$3,224,068$375,269$5,230,522
26$9,271,352$3,387,421$394,032$5,489,899
27$9,734,920$3,558,941$413,734$5,762,245
28$10,221,666$3,739,037$434,421$6,048,208
29$10,732,749$3,928,137$456,142$6,348,470
30$11,269,387$4,126,693$478,949$6,663,744
Total$181,900,000$66,013,607$7,730,752$108,155,641

◄ 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.