Cash5
Latest draw · Sunday, August 23, 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)
- $488,000
- Federal tax
- − $141,175
- State tax (North Carolina · 4.5%)
- − $21,960
- Net take-home
- $324,865
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 take-home by state
What you'd keep from a $488,000 Cash5 prize (lump sum) after federal + state tax, ranked best to worst. Change the amount or payout above to update.
| State | Take-home | Effective tax |
|---|---|---|
| Alaskano state tax | $346,825 | 29% |
| Californiano state tax | $346,825 | 29% |
| Floridano state tax | $346,825 | 29% |
| New Hampshireno state tax | $346,825 | 29% |
| South Dakotano state tax | $346,825 | 29% |
| Tennesseeno state tax | $346,825 | 29% |
| Texasno state tax | $346,825 | 29% |
| Washingtonno state tax | $346,825 | 29% |
| Wyomingno state tax | $346,825 | 29% |
| Arizona | $334,625 | 31% |
| North Dakota | $334,625 | 31% |
| Pennsylvania | $331,844 | 32% |
| Indiana | $331,453 | 32% |
| Ohio | $329,745 | 32% |
| Kentucky | $327,305 | 33% |
| Louisiana | $326,085 | 33% |
| Michigan | $326,085 | 33% |
| Arkansas | $325,353 | 33% |
| Colorado | $325,353 | 33% |
| North Carolina(this game) | $324,865 | 33% |
| Utah | $324,133 | 34% |
| Oklahoma | $323,645 | 34% |
| Missouri | $323,401 | 34% |
| Illinois | $322,669 | 34% |
| Alabama | $322,425 | 34% |
| Massachusetts | $322,425 | 34% |
| Mississippi | $322,425 | 34% |
| West Virginia | $321,840 | 34% |
| Georgia | $320,034 | 34% |
| Kansas | $319,009 | 35% |
| Maryland | $318,765 | 35% |
| Virginia | $318,765 | 35% |
| Idaho | $318,521 | 35% |
| Nebraska | $318,326 | 35% |
| Montana | $318,033 | 35% |
| New Mexico | $318,033 | 35% |
| Rhode Island | $317,594 | 35% |
| Iowa | $317,545 | 35% |
| South Carolina | $315,593 | 35% |
| Delaware | $314,617 | 36% |
| Connecticut | $312,714 | 36% |
| Maine | $311,933 | 36% |
| Wisconsin | $309,493 | 37% |
| Vermont | $304,125 | 38% |
| Minnesota | $298,757 | 39% |
| Oregon | $298,513 | 39% |
| District of Columbia | $294,365 | 40% |
| New Jersey | $294,365 | 40% |
| New York | $293,633 | 40% |
Assumes you claim as a resident of that state. Estimate only, single-filer brackets. Not tax advice.
Cash5 tax FAQ
How much tax do you pay on a Cash5 jackpot in North Carolina?
On a $488,000 Cash5 jackpot taken as a lump sum, you'd pay about $141,175 in federal tax and $21,960 in North Carolina state tax, leaving roughly $324,865.
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.