The jackpot for the Powerball draw on Wed Jun 17, 2026, is projected to be $283 Million, with an option for a cash payout of $126.8 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For North Carolina residents, the state will deduct 4.75% from your lottery earnings.
| North Carolina Powerball Jackpot/Cash Option for Wed Jun 17, 2026 |
|---|
| Draw Date | Wed Jun 17, 2026 | | Projected Jackpot | $283,000,000 | | Cash Value | $126,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,800,000 | | Federal Tax(24%) | $30,432,000 | | Additional Federal Tax | $16,444,330 | | State Tax(4.75%) | $6,023,000 | | Net Lumpsum Payment | $73,900,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,259,433 |
$1,536,321
$202,323 |
$2,520,789 |
| 2 |
$4,472,532 |
$1,615,167
$212,445 |
$2,644,920 |
| 3 |
$4,696,102 |
$1,697,888
$223,065 |
$2,775,149 |
| 4 |
$4,930,992 |
$1,784,797
$234,222 |
$2,911,973 |
| 5 |
$5,177,485 |
$1,876,000
$245,931 |
$3,055,554 |
| 6 |
$5,436,430 |
$1,971,809
$258,230 |
$3,206,391 |
| 7 |
$5,708,110 |
$2,072,331
$271,135 |
$3,364,644 |
| 8 |
$5,993,657 |
$2,177,983
$284,699 |
$3,530,975 |
| 9 |
$6,293,354 |
$2,288,871
$298,934 |
$3,705,549 |
| 10 |
$6,608,050 |
$2,405,309
$313,882 |
$3,888,859 |
| 11 |
$6,938,311 |
$2,527,505
$329,570 |
$4,081,236 |
| 12 |
$7,285,269 |
$2,655,880
$346,050 |
$4,283,339 |
| 13 |
$7,649,490 |
$2,790,642
$363,351 |
$4,495,497 |
| 14 |
$8,032,106 |
$2,932,210
$381,525 |
$4,718,371 |
| 15 |
$8,433,683 |
$3,080,793
$400,600 |
$4,952,290 |
| 16 |
$8,855,353 |
$3,236,811
$420,629 |
$5,197,913 |
| 17 |
$9,297,965 |
$3,400,577
$441,653 |
$5,455,735 |
| 18 |
$9,762,934 |
$3,572,616
$463,739 |
$5,726,579 |
| 19 |
$10,251,109 |
$3,753,241
$486,928 |
$6,010,940 |
| 20 |
$10,763,622 |
$3,942,871
$511,272 |
$6,309,479 |
| 21 |
$11,301,888 |
$4,142,029
$536,840 |
$6,623,019 |
| 22 |
$11,867,039 |
$4,351,135
$563,684 |
$6,952,220 |
| 23 |
$12,460,207 |
$4,570,607
$591,860 |
$7,297,740 |
| 24 |
$13,083,373 |
$4,801,178
$621,460 |
$7,660,735 |
| 25 |
$13,737,386 |
$5,043,163
$652,526 |
$8,041,697 |
| 26 |
$14,424,510 |
$5,297,399
$685,164 |
$8,441,947 |
| 27 |
$15,145,594 |
$5,564,200
$719,416 |
$8,861,978 |
| 28 |
$15,902,902 |
$5,844,404
$755,388 |
$9,303,110 |
| 29 |
$16,698,132 |
$6,138,639
$793,161 |
$9,766,332 |
| 30 |
$17,532,982 |
$6,447,534
$832,817 |
$10,252,631 |
|
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