USA Mega

North Carolina Powerball Jackpot Annuity Payout Schedule for Jan 26, 2026

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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 $28,700,000 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, Jan 26, 2026
Jackpot:$28,700,000
Federal Tax:37% marginal rate
State Tax: 3.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$431,976$119,961$17,236$294,779
2$453,575$127,521$18,098$307,957
3$476,254$135,458$19,003$321,793
4$500,066$143,793$19,953$336,321
5$525,070$152,544$20,950$351,576
6$551,323$161,732$21,998$367,593
7$578,889$171,381$23,098$384,411
8$607,834$181,511$24,253$402,070
9$638,226$192,148$25,465$420,612
10$670,137$203,908$26,738$439,491
11$703,644$216,305$28,075$459,263
12$738,826$229,323$29,479$480,024
13$775,767$242,991$30,953$501,823
14$814,556$257,343$32,501$524,712
15$855,283$272,412$34,126$548,745
16$898,047$288,235$35,832$573,981
17$942,950$304,849$37,624$600,477
18$990,097$322,293$39,505$628,299
19$1,039,602$340,610$41,480$657,512
20$1,091,582$359,843$43,554$688,185
21$1,146,161$380,037$45,732$720,393
22$1,203,469$401,241$48,018$754,210
23$1,263,643$423,505$50,419$789,718
24$1,326,825$446,883$52,940$827,002
25$1,393,166$471,429$55,587$866,150
26$1,462,825$497,202$58,367$907,256
27$1,535,966$524,265$61,285$950,416
28$1,612,764$552,680$64,349$995,735
29$1,693,402$582,516$67,567$1,043,320
30$1,778,073$613,844$70,945$1,093,283
Total$28,700,000$9,317,763$1,145,130$18,237,107

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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.