Categories
BLOG

nc lottery analysis

North Carolina Powerball Jackpot Annuity Payout Schedule for Jan 13, 2021

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $550,000,000 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.

North Carolina

Federal Filing Status:

Year Gross Payment Federal Taxes State Taxes Net Payment
1 $8,278,289 $3,027,039 $434,610 $4,816,640
2 $8,692,204 $3,180,188 $456,341 $5,055,675
3 $9,126,814 $3,340,993 $479,158 $5,306,663
4 $9,583,155 $3,509,840 $503,116 $5,570,200
5 $10,062,312 $3,687,128 $528,271 $5,846,913
6 $10,565,428 $3,873,281 $554,685 $6,137,462
7 $11,093,700 $4,068,741 $582,419 $6,442,539
8 $11,648,385 $4,273,975 $611,540 $6,762,870
9 $12,230,804 $4,489,470 $642,117 $7,099,217
10 $12,842,344 $4,715,739 $674,223 $7,452,381
11 $13,484,461 $4,953,323 $707,934 $7,823,204
12 $14,158,684 $5,202,785 $743,331 $8,212,568
13 $14,866,618 $5,464,721 $780,497 $8,621,400
14 $15,609,949 $5,739,753 $819,522 $9,050,673
15 $16,390,447 $6,028,537 $860,498 $9,501,411
16 $17,209,969 $6,331,761 $903,523 $9,974,685
17 $18,070,467 $6,650,145 $948,700 $10,471,623
18 $18,973,991 $6,984,449 $996,135 $10,993,407
19 $19,922,690 $7,335,468 $1,045,941 $11,541,281
20 $20,918,825 $7,704,037 $1,098,238 $12,116,549
21 $21,964,766 $8,091,036 $1,153,150 $12,720,580
22 $23,063,004 $8,497,384 $1,210,808 $13,354,813
23 $24,216,155 $8,924,049 $1,271,348 $14,020,757
24 $25,426,962 $9,372,048 $1,334,916 $14,719,998
25 $26,698,310 $9,842,447 $1,401,661 $15,454,202
26 $28,033,226 $10,336,366 $1,471,744 $16,225,116
27 $29,434,887 $10,854,981 $1,545,332 $17,034,575
28 $30,906,631 $11,399,526 $1,622,598 $17,884,507
29 $32,451,963 $11,971,299 $1,703,728 $18,776,936
30 $34,074,561 $12,571,660 $1,788,914 $19,713,987
Total $550,000,001 $202,422,169 $28,874,998 $318,702,832

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 lottery analysis

If you previously used a social network to login to WRAL.com, click the “Forgot your password” link to reset your password.

  • Out & About Home
  • Voters’ Choice
  • Restaurants
  • Movies
  • Music
  • Books
  • 919 Beer
  • Lottery
  • Nightlife Photos
  • Contests
  • Menu
    • Video
    • Sign In
    • Home
    • News
    • News Home
    • Local
    • State
    • @NCCapitol
    • Politifact
    • Politics
    • Education
    • Traffic
    • Investigations
    • Nation
    • World
    • Documentaries
    • Public Records
    • Obituaries
    • Green
    • Crime
    • Strange
    • Archives
    • Fayetteville
    • Noticias
    • Coronavirus News
    • NC Maps & Cases
    • Health
    • Government
    • Unemployment
    • Stay-Home Orders
    • Food-To-Go
    • Podcast
    • Weather Home
    • Current Conditions
    • Hourly
    • Map Center
    • • DualDoppler5000
    • • iControl
    • Alert Center
    • Hurricanes
    • Closings
    • Beach & Mountains
    • CBC Solar Farm
    • Almanac
    • Live Cams
    • Weather Center Blog
    • Resources
    • Robocams
    • NC County Map
    • Sports Home
    • All Columns
    • NC State
    • UNC
    • Duke
    • ECU
    • Hurricanes
    • Panthers
    • Olympics
    • Bulls
    • NASCAR
    • Golf
    • Soccer
    • MLB
    • NBA
    • NFL
    • NHL
    • Tennis
    • Appalachian State
    • Campbell
    • NC Central
    • St. Augustine’s
    • Shaw
    • HighSchoolOT
    • Business Home
    • Market Summary
    • Market News
    • Stock Quotes
    • Market Movers
    • Tax Guide
    • WRAL TechWire
    • Opinion Home
    • Editorials
    • Blog
    • Editorial Cartoons
    • Consumer Home
    • 5 On Your Side
    • Restaurant Ratings
    • Recalls
    • Complaint Form
    • SmartShopper
    • Cyber Security
    • Instant Savings
    • Health & Life Home
    • Health Team
    • Go Ask Mom
    • Aging Well
    • Tar Heel Traveler
    • Pets
    • Family
    • House & Home
    • Food
    • Local Dish
    • Travel
    • Out & About Home
    • • Voters’ Choice
    • • Restaurants
    • • Movies
    • • Music
    • • Books
    • • Out & About TV
    • • Shopping & Retail
    • • Arts
    • • Sports
    • • Families
    • • Pets
    • • Community
    • • Yard Sales
    • • Seasonal
    • Entertainment
    • 919 Beer
    • Lottery
    • Nightlife Photos
    • Contests
    • Video Home
    • Weather Forecast
    • News Brief
    • Day Pick 3, Pick 4
    • Eve. Pick 3, Pick 4
    • Powerball
    • Mega Millions
    • WRAL-TV Schedule
    • NBC Shows

    Just In

    Vice President Pence tells Speaker Pelosi he will not invoke the 25th Amendment to remove President Trump from office — Vice President Pence said Tuesday night he will not remove President Trump from office, shortly before a House vote to invoke the 25th Amendment. more

    The latest results of the North Carolina Powerball, Megaball, Pick 4, Cash 5, and Pick 3 drawings at WRAL.com.