North Carolina Powerball Jackpot Annuity Payout Schedule for Jan 30, 2021
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The tax information provided here is based on 2021 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 $30,000,000 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 prize money, as well as deductions claimed.
Federal Filing Status:
|Year||Gross Payment||Federal Taxes||State Taxes||Net Payment|
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.Powerball annuity chart shows the annual net payout a North Carolina jackpot winner would get after federal and state taxes.
nc powerball payout chart
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Powerball is played across 48 US states and juristictions each Wednesday and Saturday. Find out everything you need to know about how to play this record-breaking lottery. Get information on the latest Powerball numbers and prizes on offer, as well as details on the history of the game and previous jackpot winners.
Due to stay-at-home orders during the coronavirus outbreak, Powerball will change the starting jackpot to $20 million after the current jackpot is won. You can find updates on our dedicated Coronavirus Lottery Updates page.
How to Play Powerball
This is how you can play Powerball:
- 1. Choose five main numbers between 1 and 69.
- 2. Select a Powerball number between 1 and 26.
- 3. Choose whether to add Power Play, offering the chance to multiply non-jackpot prizes.
- 4. Purchase your tickets by the cut-off time in your state or online. This ranges from 6:45pm PST in Washington to 10pm EST in New York and Florida. Players in Puerto Rico can play until 10:59pm when the clocks switch forward an hour over winter.
What is Power Play?
Power Play is an option you can add to your ticket that multiplies the value of the non-jackpot prizes you win. Visit the Power Play page for more information.
Powerball players can win prizes in nine different tiers, from matching just the Powerball right up to the jackpot for matching all five numbers plus the Powerball.
Aside from the jackpot, which starts at $20 million ( * During the Coronavirus pandemic, the starting jackpot may be lower than this) and keeps getting bigger until it is won, the prize tiers in Powerball have fixed cash amounts. Here’s a breakdown of the prize tiers and the odds for winning in that tier:
The only exception to this chart is California, where cash prizes in lower tiers are pari-mutuel. Their values are determined by the number of winners in each tier and the number of tickets sold.
Powerball creates hundreds of thousands of winners in each draw, as players from across the U.S go in search of life-changing jackpots. The top prize starts at a minimum of $20 million ( * During the Coronavirus pandemic, the starting jackpot may be lower than this) and regularly grows into nine figures, sometimes even ten! The game has been responsible for many of the biggest winners in lottery history.
Here are the largest Powerball jackpots ever.
|Amount||Cash or Annuity?||Date||Winner Details|
|$1.58 billion||Shared the cash option of $983.5 million||January 13th 2016||The largest lottery jackpot of all time was shared by three ticket holders. John and Lisa Robinson from Munford in Tennessee quickly came forward, telling the world about their win on the Today show. David Kaltschmidt and Maureen Smith from Melbourne Beach in Florida soon claimed their share of the money, but it was another six months until Marvin and Mae Acosta from Chino Hills in California made themselves known to lottery officials.|
|$768.4 million||Took the cash option of $477 million||March 27th 2019||Manuel Franco from Milwaukee claimed a gigantic $768.4 million when he matched all the numbers to end a three-month wait for a jackpot winner. It was a new record for the largest prize ever won on a single ticket and the 24-year-old said that he had just felt a вЂreally lucky, weird feelingвЂ™ when he bought his ticket. He gave up work straight away and announced that he wanted to вЂhelp out the worldвЂ™.|
|$758.7 million||Took the cash option of $480.5 million||August 23rd 2017||A player from Massachusetts banked an incredible $758.7 million in August 2017, the biggest jackpot ever won on a single ticket at the time. Mavis Wanczyk came forward the next day to claim the prize, revealing that she had already quit her job in a hospital and would celebrate by going to вЂhide in bedвЂ™.|
|$687 million||Both winners took the cash option of $198 million each||October 27th 2018||The jackpot was split by two winners, Lerynne West of Redford, Iowa and Robert Bailey of New York City. West almost lost her ticket in her sister’s pickup truck. She later launched a charitable foundation named for her grandson, The Callum Foundation. Retired government employee Bailey played the same numbers for over 25 years after being given them by a friend, and has no plans to stop.|
|$590.5 million||Took the cash option of $370.9 million||May 18th 2013||Gloria MacKenzie of Zephyrhills, Florida, had previously held the record for the biggest prize won on a single ticket when she landed $590.5 million on May 18th 2013.|
|$587.5 million||Shared the cash option of $384.7 million||November 28th 2012||This gargantuan jackpot was split between two winning tickets after a drawing on November 28th, 2012. Both Matthew Good of Arizona and Missouri grandparents Mark and Cindy Hill chose a lump sum payout of $192 million before taxes.|
|$564.1 million||Shared the cash option of $381.1 million||February 11th 2015||Three ticket holders from North Carolina, Puerto Rico and Texas split a Powerball jackpot of $564.1 million, with each receiving a $188 million share. The Puerto Rican winner remained anonymous, while the Texan player claimed their massive windfall through a trust in March 2015. Only Marie Holmes of North Carolina came forward to the press.|
|$559.7 million||Prize not yet claimed||January 6th 2018||The winner bought their ticket at Reeds Ferry Market in Merrimack, New Hampshire.|
|$488.4 million||Shared the cash option of $258.1 million||August 7th 2013||Three winning tickets shared this fantastic jackpot. Paul White from Ham Lake in Minnesota bought one of the winning entries, while the other two prizes were claimed in New Jersey. A 16-strong lottery pool from Oceans County, known as вЂOceans 16вЂ™, took one of the prizes, while the other went to Mario Scarnici from Monmouth Junction.|
|$487 million||Took the cash option of $341.7 million||July 30th 2016||A family from New Hampshire became $487 million richer in July 2016 after matching all the numbers drawn. Claiming the prize through the Robin Egg 2016 Nominee Trust, they promised to support good causes in the Granite State.|
|$447.8 million||Took the cash option of $279.1 million||June 10th 2017||Jeff Lindsay and his family took home a monstrous jackpot in June 2017 after buying a ticket from the Marietta Liquor and Deli store in the Sun City area of Menifee, California. He later revealed that he only bought the ticket on a whim when he went to the store to cash in a scratcher ticket.|
|$435.3 million||Took the cash option of $263.5 million||February 22nd 2017||IndianaвЂ™s proud record as the most successful Powerball state continued when one lucky player picked up the first jackpot of 2017. The winner opted to stay anonymous but it was revealed that he was a Purdue graduate who worked at a Lafayette manufacturing plant.|
Powerball is famous worldwide for its record-breaking jackpots. This trend towards sky-rocketing prizes began in July 2013 when Colleen DeVries and Leslie Robbins of Wisconsin claimed $111.2 million, the first nine-figure top prize pool, and new highs have been reached regularly since.
Powerball is one of the biggest lottery games in the United States and regularly boasts eight, nine or even ten-figure jackpots. Read on to discover more about how this multi-state game came into existence and how changes in format have made Powerball one of the most popular and exciting lotteries in the world.
Powerball is the most popular multi-state lottery in the USA, if not the World. This page details how to play, Powerball Winners, Powerball Prizes and more.
Powerball Annuity Jackpot Analysis for North Carolina
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The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year. The table below shows the payout schedule for a jackpot of $202,000,000 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money. (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)Powerball Powerball is played across 48 US states and juristictions each Wednesday and Saturday. Find out everything you need to know about how to play ]]>