The jackpot for the Powerball draw on Wed Dec 3, 2025, is projected to be $775 Million, with an option for a cash payout of $362.5 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 Dec 3, 2025 |
|---|
| Draw Date | Wed Dec 3, 2025 | | Projected Jackpot | $775,000,000 | | Cash Value | $362,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $362,500,000 | | Federal Tax(24%) | $87,000,000 | | Additional Federal Tax | $47,085,330 | | State Tax(4.75%) | $17,218,750 | | Net Lumpsum Payment | $211,195,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,664,525 |
$4,276,205
$554,065 |
$6,834,255 |
| 2 |
$12,248,100 |
$4,492,127
$581,785 |
$7,174,188 |
| 3 |
$12,860,350 |
$4,718,660
$610,867 |
$7,530,823 |
| 4 |
$13,503,600 |
$4,956,662
$641,421 |
$7,905,517 |
| 5 |
$14,178,625 |
$5,206,422
$673,485 |
$8,298,718 |
| 6 |
$14,887,750 |
$5,468,798
$707,168 |
$8,711,784 |
| 7 |
$15,631,750 |
$5,744,078
$742,508 |
$9,145,164 |
| 8 |
$16,413,725 |
$6,033,409
$779,652 |
$9,600,664 |
| 9 |
$17,234,450 |
$6,337,077
$818,636 |
$10,078,737 |
| 10 |
$18,096,250 |
$6,655,943
$859,572 |
$10,580,735 |
| 11 |
$19,000,675 |
$6,990,580
$902,532 |
$11,107,563 |
| 12 |
$19,950,825 |
$7,342,136
$947,664 |
$11,661,025 |
| 13 |
$20,948,250 |
$7,711,183
$995,042 |
$12,242,025 |
| 14 |
$21,996,050 |
$8,098,869
$1,044,812 |
$12,852,369 |
| 15 |
$23,095,775 |
$8,505,767
$1,097,049 |
$13,492,959 |
| 16 |
$24,250,525 |
$8,933,025
$1,151,900 |
$14,165,600 |
| 17 |
$25,462,625 |
$9,381,502
$1,209,475 |
$14,871,648 |
| 18 |
$26,735,950 |
$9,852,632
$1,269,958 |
$15,613,360 |
| 19 |
$28,072,825 |
$10,347,276
$1,333,459 |
$16,392,090 |
| 20 |
$29,476,350 |
$10,866,580
$1,400,127 |
$17,209,643 |
| 21 |
$30,950,400 |
$11,411,978
$1,470,144 |
$18,068,278 |
| 22 |
$32,498,075 |
$11,984,618
$1,543,659 |
$18,969,798 |
| 23 |
$34,122,475 |
$12,585,646
$1,620,818 |
$19,916,011 |
| 24 |
$35,829,025 |
$13,217,070
$1,701,879 |
$20,910,076 |
| 25 |
$37,620,050 |
$13,879,749
$1,786,952 |
$21,953,349 |
| 26 |
$39,501,750 |
$14,575,978
$1,876,333 |
$23,049,439 |
| 27 |
$41,476,450 |
$15,306,617
$1,970,131 |
$24,199,702 |
| 28 |
$43,550,350 |
$16,073,960
$2,068,642 |
$25,407,748 |
| 29 |
$45,728,100 |
$16,879,727
$2,172,085 |
$26,676,288 |
| 30 |
$48,014,350 |
$17,725,640
$2,280,682 |
$28,008,028 |
|
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