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North Carolina Powerball Jackpot Annuity Payout Schedule for Dec 1, 2025

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The tax information provided here is based on 2026 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 $744,700,000 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 1, 2025
Jackpot:$744,700,000
Federal Tax:37% marginal rate
State Tax: 3.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$11,208,804$4,103,215$447,231$6,658,358
2$11,769,244$4,310,578$469,593$6,989,074
3$12,357,706$4,528,308$493,072$7,336,325
4$12,975,592$4,756,926$517,726$7,700,939
5$13,624,371$4,996,974$543,612$8,083,784
6$14,305,589$5,249,025$570,793$8,485,771
7$15,020,869$5,513,679$599,333$8,907,858
8$15,771,913$5,791,565$629,299$9,351,048
9$16,560,508$6,083,345$660,764$9,816,399
10$17,388,534$6,389,715$693,802$10,305,016
11$18,257,960$6,711,403$728,493$10,818,065
12$19,170,858$7,049,175$764,917$11,356,766
13$20,129,401$7,403,836$803,163$11,922,402
14$21,135,871$7,776,230$843,321$12,516,320
15$22,192,665$8,167,243$885,487$13,139,934
16$23,302,298$8,577,808$929,762$13,794,729
17$24,467,413$9,008,900$976,250$14,482,263
18$25,690,783$9,461,547$1,025,062$15,204,174
19$26,975,322$9,936,827$1,076,315$15,962,181
20$28,324,089$10,435,870$1,130,131$16,758,088
21$29,740,293$10,959,866$1,186,638$17,593,790
22$31,227,308$11,510,061$1,245,970$18,471,277
23$32,788,673$12,087,766$1,308,268$19,392,639
24$34,428,107$12,694,357$1,373,681$20,360,068
25$36,149,512$13,331,277$1,442,366$21,375,870
26$37,956,988$14,000,043$1,514,484$22,442,461
27$39,854,837$14,702,247$1,590,208$23,562,382
28$41,847,579$15,439,561$1,669,718$24,738,299
29$43,939,958$16,213,742$1,753,204$25,973,012
30$46,136,956$17,026,631$1,840,865$27,269,461
Total$744,700,001$274,217,720$29,713,528$440,768,753

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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.