Cash5
Latest draw · Tuesday, July 7, 2026
Cash5 Tax Calculator
See what you'd really take home from a Cash5 prize after federal and North Carolina state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $556,000
- Federal tax
- − $164,975
- State tax (North Carolina · 4.5%)
- − $25,020
- Net take-home
- $366,005
Estimate only — uses single-filer federal brackets and North Carolina's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Cash5 tax FAQ
How much tax do you pay on a Cash5 jackpot in North Carolina?
On a $556,000 Cash5 jackpot taken as a lump sum, you'd pay about $164,975 in federal tax and $25,020 in North Carolina state tax, leaving roughly $366,005.
Does North Carolina tax Cash5 lottery winnings?
Yes — North Carolina withholds about 4.5% in state tax on Cash5 winnings, on top of federal tax.
Should I take the Cash5 lump sum or annuity?
The lump sum pays a smaller, discounted amount now with full control; the 30-year annuity pays the full advertised jackpot spread over time and can keep you in lower yearly tax brackets. The best choice depends on your goals and tax situation.
