Cash5
Latest draw · Thursday, July 9, 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 take-home by state
What you'd keep from a $556,000 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 | $391,025 | 30% |
| Californiano state tax | $391,025 | 30% |
| Floridano state tax | $391,025 | 30% |
| New Hampshireno state tax | $391,025 | 30% |
| South Dakotano state tax | $391,025 | 30% |
| Tennesseeno state tax | $391,025 | 30% |
| Texasno state tax | $391,025 | 30% |
| Washingtonno state tax | $391,025 | 30% |
| Wyomingno state tax | $391,025 | 30% |
| Arizona | $377,125 | 32% |
| North Dakota | $377,125 | 32% |
| Pennsylvania | $373,956 | 33% |
| Indiana | $373,511 | 33% |
| Ohio | $371,565 | 33% |
| Kentucky | $368,785 | 34% |
| Louisiana | $367,395 | 34% |
| Michigan | $367,395 | 34% |
| Arkansas | $366,561 | 34% |
| Colorado | $366,561 | 34% |
| North Carolina(this game) | $366,005 | 34% |
| Utah | $365,171 | 34% |
| Oklahoma | $364,615 | 34% |
| Missouri | $364,337 | 34% |
| Illinois | $363,503 | 35% |
| Alabama | $363,225 | 35% |
| Massachusetts | $363,225 | 35% |
| Mississippi | $363,225 | 35% |
| West Virginia | $362,558 | 35% |
| Georgia | $360,501 | 35% |
| Kansas | $359,333 | 35% |
| Maryland | $359,055 | 35% |
| Virginia | $359,055 | 35% |
| Idaho | $358,777 | 35% |
| Nebraska | $358,555 | 36% |
| Montana | $358,221 | 36% |
| New Mexico | $358,221 | 36% |
| Rhode Island | $357,721 | 36% |
| Iowa | $357,665 | 36% |
| South Carolina | $355,441 | 36% |
| Delaware | $354,329 | 36% |
| Connecticut | $352,161 | 37% |
| Maine | $351,271 | 37% |
| Wisconsin | $348,491 | 37% |
| Vermont | $342,375 | 38% |
| Minnesota | $336,259 | 40% |
| Oregon | $335,981 | 40% |
| District of Columbia | $331,255 | 40% |
| New Jersey | $331,255 | 40% |
| New York | $330,421 | 41% |
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 $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.
