The jackpot for the Powerball draw on Wed Mar 18, 2026, is projected to be $101 Million, with an option for a cash payout of $46 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 Mar 18, 2026 |
|---|
| Draw Date | Wed Mar 18, 2026 | | Projected Jackpot | $101,000,000 | | Cash Value | $46,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,000,000 | | Federal Tax(24%) | $11,040,000 | | Additional Federal Tax | $5,940,330 | | State Tax(4.75%) | $2,185,000 | | Net Lumpsum Payment | $26,834,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,520,151 |
$522,786
$72,207 |
$925,158 |
| 2 |
$1,596,204 |
$550,926
$75,820 |
$969,458 |
| 3 |
$1,675,994 |
$580,448
$79,610 |
$1,015,936 |
| 4 |
$1,759,824 |
$611,465
$83,592 |
$1,064,767 |
| 5 |
$1,847,795 |
$644,015
$87,770 |
$1,116,010 |
| 6 |
$1,940,210 |
$678,208
$92,160 |
$1,169,842 |
| 7 |
$2,037,170 |
$714,083
$96,766 |
$1,226,321 |
| 8 |
$2,139,079 |
$751,790
$101,606 |
$1,285,683 |
| 9 |
$2,246,038 |
$791,364
$106,687 |
$1,347,987 |
| 10 |
$2,358,350 |
$832,920
$112,022 |
$1,413,408 |
| 11 |
$2,476,217 |
$876,531
$117,620 |
$1,482,066 |
| 12 |
$2,600,043 |
$922,346
$123,502 |
$1,554,195 |
| 13 |
$2,730,030 |
$970,441
$129,676 |
$1,629,913 |
| 14 |
$2,866,582 |
$1,020,966
$136,163 |
$1,709,453 |
| 15 |
$3,009,901 |
$1,073,994
$142,970 |
$1,792,937 |
| 16 |
$3,160,391 |
$1,129,675
$150,119 |
$1,880,597 |
| 17 |
$3,318,355 |
$1,188,122
$157,622 |
$1,972,611 |
| 18 |
$3,484,298 |
$1,249,521
$165,504 |
$2,069,273 |
| 19 |
$3,658,523 |
$1,313,984
$173,780 |
$2,170,759 |
| 20 |
$3,841,434 |
$1,381,661
$182,468 |
$2,277,305 |
| 21 |
$4,033,536 |
$1,452,739
$191,593 |
$2,389,204 |
| 22 |
$4,235,233 |
$1,527,367
$201,174 |
$2,506,692 |
| 23 |
$4,446,929 |
$1,605,694
$211,229 |
$2,630,006 |
| 24 |
$4,669,331 |
$1,687,983
$221,793 |
$2,759,555 |
| 25 |
$4,902,742 |
$1,774,345
$232,880 |
$2,895,517 |
| 26 |
$5,147,970 |
$1,865,079
$244,529 |
$3,038,362 |
| 27 |
$5,405,318 |
$1,960,298
$256,753 |
$3,188,267 |
| 28 |
$5,675,594 |
$2,060,300
$269,591 |
$3,345,703 |
| 29 |
$5,959,404 |
$2,165,310
$283,072 |
$3,511,022 |
| 30 |
$6,257,354 |
$2,275,551
$297,224 |
$3,684,579 |
|
|
