USA Mega

North Carolina Powerball Jackpot Annuity Payout Schedule for Dec 30, 2024

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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 $166,000,000 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, Dec 30, 2024
Jackpot:$166,000,000
Federal Tax:37% marginal rate
State Tax: 4.25%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,498,538$881,479$106,188$1,510,871
2$2,623,465$927,702$111,497$1,584,266
3$2,754,638$976,236$117,072$1,661,330
4$2,892,370$1,027,197$122,926$1,742,247
5$3,036,989$1,080,706$129,072$1,827,211
6$3,188,838$1,136,890$135,526$1,916,422
7$3,348,280$1,195,884$142,302$2,010,094
8$3,515,694$1,257,827$149,417$2,108,450
9$3,691,479$1,322,867$156,888$2,211,724
10$3,876,053$1,391,160$164,732$2,320,161
11$4,069,856$1,462,867$172,969$2,434,020
12$4,273,348$1,538,159$181,617$2,553,572
13$4,487,016$1,617,216$190,698$2,679,101
14$4,711,367$1,700,226$200,233$2,810,908
15$4,946,935$1,787,386$210,245$2,949,304
16$5,194,282$1,878,904$220,757$3,094,620
17$5,453,996$1,974,999$231,795$3,247,202
18$5,726,695$2,075,898$243,385$3,407,413
19$6,013,030$2,181,841$255,554$3,575,635
20$6,313,682$2,293,082$268,331$3,752,268
21$6,629,366$2,409,886$281,748$3,937,732
22$6,960,834$2,532,529$295,835$4,132,470
23$7,308,876$2,661,304$310,627$4,336,944
24$7,674,319$2,796,518$326,159$4,551,642
25$8,058,035$2,938,493$342,467$4,777,076
26$8,460,937$3,087,567$359,590$5,013,780
27$8,883,984$3,244,094$377,569$5,262,320
28$9,328,183$3,408,448$396,448$5,523,287
29$9,794,592$3,581,019$416,270$5,797,303
30$10,284,322$3,762,219$437,084$6,085,019
Total$166,000,000$60,130,603$7,055,001$98,814,392

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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.